Despite the business challenges presented by Covid-19, the power sector in the GCC remains on a trajectory of growth. The GCC will require $81bn for the addition of 62GW of generating capacity and another $50bn for transmission and distribution (T&D) over the next five years, according to predictions by Arab Petroleum Investments Corporation (APICORP).

Factors such as population growth, urbanisation, and improvements in income levels, industrialisation, and low electricity prices continue to push up demand for power in a region that for many years largely depended on fossil fuels for power generation. In recent years, renewables have formed an important part in the GCC governments’ strategies to diversify the domestic energy mix with the region’s consumption anticipated to continue growing at a fast pace over the next two decades.

GCC countries are richly endowed with renewable resources, and benefit from strong regular sunshine and the space to develop large solar power plants. But what can governments do to take full advantage of their renewable and fossil fuels resources to secure their power supply? What role can the private sector play to help build a robust regional electric power network right from generation, transmission to distribution?

Utilities Middle East seeks to answer these and more questions by bringing together top government officials and senior power utilities executives and experts in its first ever edition of Power Week.

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