It is now estimated by the Business Monitor International (BMI) report for 2009 that the population in the UAE is set to rise to approximately 8 million by 2050.
The good news is the BMI predicts rapid growth in the country’s economy and a very productive period will follow. However the downside to these predictions is a massive surge in the amount of electricity that will be required to power this boom period and the increased population that is predicted to follow. More people will be required to continue this cycle of growth and this will involve more houses, more electrical appliances and more industrial power usage.
The report also says that from 2006 to 2008 the demand for electricity is already surpassing supply. So by 2013 it is estimated that there will be at least a 15% rise in electricity demand.
Now is the time to be looking at alternative energy resources to supplement the power supply we already have. Already research is being carried out on sources such as hydro-electrical, gas, thermal power and nuclear power.
It appears that the way forward being chosen is Nuclear power. Recently the government signed an agreement with Korea which will result in the installation and operation of four new Nuclear power stations. More study is also being completed in solar and wind power to compliment the Nuclear stations and help to meet the UAE’s commitment to Renewable Energy sources.Andrew Reid, Staff Writer, Gulf Jobs Market News