SOURCE: Industrial Info Resources

June 23, 2008 08:00 ET

Gulf Cooperation Council Countries Expect Major Power-Capacity Additions as Demand Spikes, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - June 23, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- A report by the Emirates Bank International states that electrical power generation capacity in the United Arab Emirates is expected to grow 60% to 26,000 megawatts (MW) in the next four years as demand grows at an average rate of 10% through 2010. Oman is targeting a 48% increase in gas supplies to 7.2 billion cubic meters by 2013. This volume is needed to feed power and desalination plants, as well as to meet rising power demand. The country's latest power project is a 400-MW power and water desalination plant at the Port of Salalah in the southern part of the country. Mitsui & Company Limited (NASDAQ:MITSY) (Chiyoda, Tokyo), Sembcorp (SIN:U96) (Singapore) and Mubadala (Abu Dhabi) have been shortlisted for the project, and a contract is expected to be awarded in the fourth quarter of 2008.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=134633, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

Related News Articles

Qatar Islamic Bank Studying Plan for $5 Billion Refinery and Petrochemicals Plant in Malaysia

Middle East Projects Fight Against Inflation, Supply Chain Constriction and Schedule Creep

Gulf Finance House's $2 Billion Cement Project to Help Meet Booming Demand in Middle East

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147