(MENAFN) Governments through MENA region aim to enhance their power sectors to improve energy security and cut reliance on gas imports.
A new research report from Mideast business intelligence service MEED noted that the installed generation capacity in the region will reach 440GW by 2020.
In addition, the cost of installing PV solar fell by 80 percent since 2007 and the three main PV solar projects in the UAE have all achieved word record low tariffs.
Meanwhile, KSA, the largest utilities market, is the pioneering example, while Riyadh prepares to sell off the first 20GW of its generation assets to private investors this year.
MENAFN2404201700450000ID1095414746
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.