DUBAI — Dubai, the second-largest sheikhdom in the United Arab Emirates, will spend about $100 million to add 50 megawatts of solar-power capacity by the time it hosts the World Expo 2020 exhibition, consultant Access Advisory said.
Dubai, which teetered on the brink of default in 2009, was picked on Nov. 27 to host World Expo 2020, becoming the first Middle Eastern city to win a bid for the event in its 162-year history. The emirate of 2.2 million people, with its economy rebounding as local hospitality and property industries flourish, expects to attract 25 million visitors during the six- month show starting Oct. 20, 2020.
Economic growth and a rising number of tourists will boost Dubai’s energy demand beyond the government-owned utility’s own estimates, said Vahid Fotuhi, head of business development at Access. Use will increase by more than 50 percent to more than 10,000 megawatts by 2020. That compares with a forecast by Dubai Electricity and Water Authority for a demand gain of 30 percent through 2020, he said.
The utility sees the emirate’s power demand rising by between 4 percent and 5 percent a year, DEWA Chief Executive Saeed Mohammed Al Tayer said in March. The authority has generating capacity of 9,646 megawatts, and demand this year peaked at 6,857 megawatts, it said Dec. 7.
The amount of additional solar power forecast for Expo 2020 would represent a 10-fold increase over the 4.7 megawatts of sun-powered electricity capacity installed for the last exhibition held in Shanghai in 2010, Fotuhi said.
Copyright 2013 Bloomberg
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