Bringing power and water to the masses at affordable tariffs can be done with innovative means where the consumer should be the one to set his own tariffs on the choices he makes. Funding and structuring then becomes easy and straightforward leading to direct contact between supplier and the consumer. A utilities role should be as a facilitator and the governments roles should be as a regulator and consumer satisfaction, quality control body.
Organized by Fleming Gulf, The Global IWPP Summit to be held between 1st and 3rd October at the Al Hamra Convention Center in Ras Al Khaimah will outlay a comprehensive and focused program that will clearly identify challenges and opportunities the market can provide. With widespread reports of project investment forecasts, the question on everyone's mind is will the GCC continue attracting enough IWPPs to meet fast growing demand in power and water?
Speaker at the summit; Ali Aissaoui, Senior Consultant at Arab Petroleum Investments Corporation states “To the extent that the GCC countries remain immune from lingering turmoil in parts of MENA region, both the investment climate and the enabling environment for business should continue fostering private investment. IWPPs, which has so far greatly benefited from bold power and water policy reforms, will continue to be attracted to the area despite remaining challenges."
The role of Governments plays a vital factor in the development of IWPP's and to this extent they have opened their doors to private participation as an enabler for future sector development. The average growth rate in electricity demand in GCC countries varies between 5-10% in the past years, and is expected to remain in this level for the coming 10 years. To meet this demand, it is expected to build new 100 GW in GCC Countries up to 2020 says Eng. Amani Al - Azzam, National Electric Power Company (NEPCO), Jordan. She continued to say that the water sector has also witnessed a high growth rate of demand. The logical solution in meeting this demand is the participation of private investors to build the required capacity or part of it. This will help the governments to redirect funds and efforts to other development priorities such as health and education.
While it has been established that private equity will continue to foster the growth of an IWPP, steps taken by UTICO, a Full Service Multi Utility company based in Ras Al Khaimah U.A.E, has shown their commitment to the industry spends in Billions for sustainable projects. With a customer centric and higher operating efficiency approach, Headline Sponsor - UTICO's Executive Vice Chairman and Managing Director, Richard Menezes will present his proposal for sustainable long-term utility development in the Middle East exclusively the Global IWPP Summit. A one of a kind plant visit scheduled at the end of the 3 day Summit will showcase UTICO's expertise in this arena. Coupled with the objective of the Global IWPP Summit to create a value chain of sustainable development, the summit will also re-enforce the need for conservation and encourage prudent planning of vital resources for the years to come.