UAE/TURKISH BUSINESS RELATIONS

UAE/TURKISH BUSINESS RELATIONS

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  • Dr. Nilgün Birgören
    Dr. Nilgün Birgören    Premium Member   Group moderator
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    Dubai utilities sector
    The Dubai Government is creating a regulatory body for the utilities sector to allow private sector participation, Najeeb Zaafrani, secretary general and chief executive of the Dubai Supreme Council of Energy said at the Dubai Global Energy Forum Monday.

    It is going to be an independent body and will control and licence the establishments related to the power and water sector.

    The authority will develop the economic, technical, environmental and safety standards that all establishments that work in power generation and water desalination will have to adhere to.

    The regulatory body will be an independent entity under the Higher Committee for Energy and Environment. It is in process and will be announced within a couple of weeks.

    The move will help Dubai to keep up with the growing demand for power and help diversify its energy sources. The entry of the private players will also reduce pressure on the state-owned utility provider Dubai Electricity and Water Authority (Dewa) which has had a monopoly.

    To enhance energy efficiency and secure continuous supply, the regulatory environment should be an essential part of the integrated energy policy.

    Dubai is a net importer of energy and is facing the same challenges like any other country. So the strategy should be adequate, deliberate and more flexible to include the essential foundation for the utility sector.

    The new regulatory body will provide clarity and transparency for future energy projects.

    Dubai's power and water sector is controlled by state-owned Dewa. However, in recent years, private entities have entered the district cooling business.

    They are yet to be allowed to develop independent power and water projects. The new regulator is expected to create a level playing field for the private sector.

    The regulator is expected to encourage private sector participation in this field and will create a competitive atmosphere among them as well as protecting the rights of the investors and enhance their confidence.

    The regulator will soon put a framework in place that could pave the way for the private sector to enter the power generation and utility businesses.

    The regulator will set up a legislative and monitoring agency that will create a healthy environment to encourage private-public sector partnerships.

    Dubai government recently said it would allow public-private partnership in the utility sector.

    The regulatory authority will have its own budget. It aims to create a transparent system for private investors that will include water and electricity tariff.

    As an example, any dispute about power tariffs will be governed by agreements between producers and buyers.

    The new entity will develop rules and regulations for a new investment model, based on international best practices for licensing new power generation and water desalination companies.
    • 19 Apr 2011, 3:53 pm
  • Dr. Nilgün Birgören
    Dr. Nilgün Birgören    Premium Member   Group moderator
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    Re: Dubai utilities: natural gas trading hub
    Dubai Supply Authority (DUSUP), a government entity responsible for procuring, transmitting, storing and delivering natural gas, has said it is looking to the possibility of setting up a natural gas trading hub.

    "We are talking about looking at the creation of a gas hub. We have the ability to import liquefied natural gas (LNG), but not really the ability to export. It may be the logical next step," said Paul Mason, manager at DUSUP, speaking on the last day of the Dubai Global Energy Forum.

    "We need to put together the assets that we have. With our pipeline system we have the capacity to move more gas around our system. We also have an onshore field which has been converted into a gas storage facility. From a connectivity perspective we are connected to Abu Dhabi, the other emirates and Qatar. We can start to form an ability to provide services for the wider region," Mason continued.

    In March last year, DUSUP converted and installed Dubai's first floating LNG facility at Jebel Ali Port to supplement the emirate's existing supplies of natural gas during peak demand in the summer period.

    The company converted an existing LNG carrier into a floating storage unit capable of supplying three million tonnes of gas a year.

    "Within 500km lies 30 per cent of the world's gas reserve. By installing this LNG facility, we are opening up a world market which was previously constrained to pipelines.

    Access
    "Dubai now has access to the global gas economy and has the ability to manage the peak requirements and for the foreseeable future, reduce the need to burn fuels," said Mason.

    Last November, Dubai received its first LNG shipment from Qatar which already provides gas to the UAE through Dolphin Energy Ltd's undersea pipeline.

    "Prior to the arrival of the LNG facility, most of our supplies came from Abu Dhabi and Qatar. Beyond this, there is a lot of potential gas around and we have to work very closely with our neighbours.

    "There are conversations going on, but there are also things we can do here in Dubai such as the potential to explore offshore in fields in the area," said Mason.

    This comes in response to the UAE's push to focus on alternative, more environmentally friendly forms of energy and to meet the growing demand.

    Over the last five years the UAE's energy demand experienced an annual growth rate of 10 per cent. Current scenarios forecast an expected annual growth rate of 5 per cent over the next 20 years.

    The UAE holds about 7 per cent of the world's crude reserves, with most of the country's deposits of oil and natural gas located in Abu Dhabi.

    Najeeb Zaafrani, chief executive officer of the Supreme Council of Energy, announced during the forum that Dubai aims to continue to use natural gas as a main fuel for power generation.

    Gas currently generates about 90 per cent of Dubai's electricity. Dubai aims to generate 70 per cent of its power from natural gas and the rest from coal, nuclear energy and renewable sources.

    Resources
    "Today, Dubai's concentration is on gas, but for 2030 we want gas to factor around 70 per cent of our energy resources and be complemented by other viable sources such as safer nuclear energy, clean coal, promising renewable energy technologies," said Zaafrani.

    According to figures published in a research paper conducted by Evaluate Energy, the world's LNG production capacity is predicted to grow an estimated 50 per cent over the next five years.

    The bulk LNG production currently comes from the Asia-Pacific and Middle East regions which account for 80 million tonnes and 75 million tonnes of the fuel on an annual basis, respectively. These areas are expected to be the main drivers of future growth.


    Source: GulfNews
    • 20 Apr 2011, 8:57 pm
  • Dr. Nilgün Birgören
    Dr. Nilgün Birgören    Premium Member   Group moderator
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    Re^2: Dubai utilities: private sector to invest in energy
    The Dubai Government will allow the private sector's role in power generation to rise to 49 per cent by 2030, an energy official said. The plan is part of a strategy to diversify the emirate's utility sector.

    "According to the final stage of the strategic plan, the private sector's participation would be between 40 to 49 per cent," said Saeed Mohammad Al Tayer, Vice-Chairman of the Supreme Council of Energy who is also managing director and chief executive of Dewa.

    Al Tayer stressed that the majority of the power projects would remain with the government.

    He said 20 per cent of power would be generated from clean coal and another 20 per cent would be generated by nuclear plants.

    Dubai's power plants have historically been fired by oil and gas. But to meet growing demand, the government created the Sup-reme Council of Energy to help explore alternative energy resources to power its utilities sector and meet strong growth.

    Strategic vision
    Clean coal and peaceful nuclear technology are the main options to be considered by the Dubai government in an attempt to diversify energy resources, Al Tayer said. He was speaking on the sidelines of the Dubai Global Energy Forum 2011 launch.

    He said: "The private sector will be allowed to invest in energy projects in the future as part of the Energy Strategy 2030."

    Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of the Supreme Council of Energy, said: "The forum is going to focus on major topics that will address effective policies in the field of energy, available opportunities, relating to the future outlook of renewable and alternative sources of energy and methods of exploring them and growth possibilities, such as nuclear energy's contribution to sustainable development."

    He added: "The forum will shed light on the challenges and opportunities for the energy sector, which are based on energy security for supply and demand, foreseeing the ever-increasing demand for, and the continuous governance of, the energy sector. We hope that this forum will provide effective solutions for the energy sector."

    Rising demand
    With the exponential growth in energy demand and the need to secure fuel sources, Al Tayer said, "The government should not rely on gas as the only resource for energy and would look at diversification of energy sources to meet the requirements of future development."

    He added: "Power demand in Dubai reaches its peak in August and we expect a 50 per cent increase by 2030."



    Source: GulfNews
    • 20 Apr 2011, 8:59 pm