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Shaikh Muhammad bin Rashid Al Maktum, Prime Minister of the UAE and ruler of Dubai, has announced an energy strategy for the UAE which calls for Dh600bn ($163.4bn) of investment in new generating and supply capacity and energy efficiency in the period to 2050.
The new strategy is based on anticipated annual growth in electricity consumption of 6% and includes a 50% contribution from “clean energy” – including nuclear as well as renewables projects.
The strategy aims to have 44% of electricity supply from renewables by 2050, with 38% coming from gas-fired plants, 12% from ‘clean coal’ plants and 6% from nuclear. Additionally, the strategy calls for “slashing residential energy consumption by 40%.” Expected annual consumption growth of 6% suggests the government lacks confidence this initiative will succeed. (CONTINUED - 618 WORDS)
DATA INSIDE THIS ARTICLE
|table||UAE Power Generation Capacity|
|chart||Uae Capacity Plan For 2050 (%)|
|chart||The Road To 2050 (Capacity)|
|chart||Uae’s Currently Planned Additions (Gw)|