Energy
From The Report: Dubai 2016
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It has been 50 years since Dubai first struck oil in the Fateh field, but in 2016 the emirate’s determination to ensure it did not become dependent on petroleum wealth is paying dividends. Although the impact on its neighbours of lower global oil prices may have an indirect impact on Dubai’s fortunes in the years to come, in the immediate future its energy policies revolve around reducing consumption and diversifying the mix of primary energy sources it uses to generate power and desalinated water for its citizens. Technological innovation and commercial acumen are driving the adoption of solar solutions, so much so that in 2016 Dubai’s energy planners announced that they expected renewables to account for 25% of the emirate’s needs by 2030. In 2014 its renewables targets were 1% by 2020 and 7% by 2030.

This chapter contains interviews with Saeed Mohammed Al Tayer, Managing Director and CEO, Dubai Electricity and Water Authority (DEWA); and Saif Humaid Al Falasi, Group CEO, Emirates National Oil Company (ENOC).

Articles from this Chapter

Overview

Clean break: Increased use of renewables set to reduce dependence on hydrocarbons
OBG
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It has been 50 years since Dubai first struck oil in the Fateh field, but in 2016 the emirate’s determination to ensure it did not become dependent on petroleum wealth is paying dividends. Although the impact on its neighbours of lower global oil prices may have an indirect impact on Dubai’s fortunes in the years to come, in the immediate future its energy policies revolve around reducing consumption and diversifying the mix of primary energy sources it uses to generate power and desalinated…

Analysis

Coal comfort: An unexpected source is fuelling the drive for diversification in the energy mix
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The primary fuel mix in the Dubai Integrated Energy Strategy includes one new ingredient that may at first sight seem to contradict the emirate’s increasingly green credentials – coal. In October 2015 Dubai Electricity and Water Authority (DEWA) announced the preferred bidders for the Hassyan clean coal generation facility, the first phase of which will have a generation capacity of 2400 MW. The plant will be the first coal-fired power station of its kind in the Middle East. Clean Coal The…

Interview

Generating ideas: OBG talks to Saeed Mohammed Al Tayer, Managing Director and CEO, Dubai Electricity and Water Authority (DEWA)
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Interview:Saeed Mohammed Al Tayer What new electricity infrastructure investments are being put in place to manage the surge in demand due to upcoming mega-projects? SAEED MOHAMMED AL TAYER: DEWA has allocated over Dh2.6bn ($708m) to support electricity, water and renewable energy infrastructure projects, built to the highest international standards. Our most recent electricity infrastructure investment was the selection of the preferred bidder for the first phase of the 1200-MW Hassyan clean…

Interview

Innovating to deliver: OBG talks to Saif Humaid Al Falasi, Group CEO, Emirates National Oil Company (ENOC)
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Interview:Saif Humaid Al Falasi What kind of impact is the acquisition of Dragon Oil by ENOC having on the sector’s dynamics? SAIF HUMAID AL FALASI: The addition of an upstream arm into ENOC is important for the future of our company, but also for the emirate of Dubai as a whole. Through this acquisition, the emirate now possesses assets capable of producing over 100,000 barrels per day of oil, along with proven and probable reserves of 660m barrels in the Commonwealth of Independent States…

Analysis

The rising sun: Solar’s contribution to the energy mix is set to increase sharply
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Thanks to a sharp rise in investment, solar energy’s potential as the power of the future is enjoying renewed credibility in Dubai. The emirate is determined to be at the leading edge in energy innovation, but those responsible for meeting its growing power generation needs have also had to be convinced that the economics make sense as well. Solar Park The Mohammed bin Rashid Al Maktoum Solar Park had 13 MW of installed capacity in early 2016 and is expanding rapidly. The second phase of…