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UAE Energy Ministry Hires Bilateral Chamber Member, PwC, for Electricity Sector Study

March 13, 2017 - Gulf Business

The UAE’s Ministry of Energy has signed a contract with professional service firm Pricewaterhouse Coopers (PwC) to conduct a technical and economic study of the country’s electricity sector.

The deal comes following the unveiling of the UAE’s clean energy strategy in January, which includes plans to invest up to Dhs600bn ($163.3bn) to meet demand and aims to enable Dhs700bn ($190bn) in efficiency savings.

PwC will analyse and forecast current and future demand for power and the sector’s plans and policies for production, distribution and operation to 2030, according to state news agency WAM.

It will cover the Emirates National Grid, a risk assessment, development of solutions, identification of future opportunities and recommendations to meet demand.

The value of the deal was not disclosed. National electricity and water authorities are funding it.
The UAE’s demand for energy is expected to grow by 9 per cent annually, according to the 2015 UAE State of Energy report.