Report finds that there are currently 401 active projects in the utility sector
There are currently 401 active projects in the UAE’s utility sector, with an estimated project value of $84 billion, a report by project tracker BNC has found.
In its January 2017 Utilities Report, BNC said that the utilities sector constitutes 4% of the number of active construction projects in the country, and 11% of the total estimated value of ongoing construction.
The number of ongoing utility projects increased by 2% in January 2017, as compared to December 2016, it added, even after taking into consideration the completion of 12 projects (with a combined estimated value of $87 million.
“The UAE has always shown exceptional foresight. The significant ongoing investment in the power sector is one of the best indicators of an aggressive development plan in the years ahead,” explained Avin Gidwani, the chief executive of Industry Networks.
The report identified four major utility projects that were awarded in January 2017, with a combined estimated value of $175 million. The largest of these was a $150 million district cooling plant for the National Food Products Company in Khalifa Industrial Zone in Abu Dhabi.
Some of the other projects included are Nuclear Power Plants, multi-billion-dollar utility projects currently under construction, such as the Hassyan Coal Fired Power Plants, an independent Water & Power Plant (IWPP) located in Mirfa and Mohammad Bin Rashid Al Maktoum Solar Park.