In 2015 Saudi Arabia will have generated twice as much electricity as it did in 2000 as demand in the Kingdom continues to expand. Energy-intensive industries, as well as highly subsidised utilities prices for customers, look set to push demand even higher in the coming years, and the government is increasingly looking to boost private sector participation in the sector. Numerous initiatives...
Energy
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The accession of King Salman bin Abdulaziz Al Saud in January 2015 was the start of a new chapter for the Kingdom, and with the fall in global oil prices and continued regional turbulence there are undoubtedly challenges to be met. However, domestic stability, combined with the government’s commitment to major development projects and sustained focus on economic diversification, indicate a positive overall outlook for the country moving forward.
Plans are under way to significantly boost Jordan’s energy independence over the coming years with a range of renewable power projects, including the largest solar power plant in the region.Plans are under way to significantly boost Jordan’s energy independence over the coming years with a range of renewable power projects, including the largest solar power plant in the region.
Incentives such as import tax reductions and feed-in tariffs could help lead Indonesia’s drive to boost investment in the country’s underachieving renewable energy sector.
On August 1, an increase in petrol charges came into force in Dubai and the rest of the UAE, following the announcement on July 22 by the Ministry of Energy (MoE) that the government is reducing the fuel subsidy it has traditionally paid.
