PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Power Generation Spending in Saudi Arabia Expected to Be $100 Billion Between 2011 and 2020 Says Frost & Sullivan - Rapid economic growth has been envisaged in Saudi Arabia in this decade across sectors such as petrochemicals and plastics, power, water and wastewater, infrastructure, and metals and mining
Power Generation Spending in Saudi Arabia Expected to Be $100 Billion Between 2011 and 2020 Says Frost & Sullivan

 

NewswireToday - /newswire/ - Dubai, UAE, United Arab Emirates, 2011/07/13 - Rapid economic growth has been envisaged in Saudi Arabia in this decade across sectors such as petrochemicals and plastics, power, water and wastewater, infrastructure, and metals and mining.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

This, in turn, is expected to lead to a significant increase in power generation in the country. With the private sector's contribution in power generation expected to grow from 7.4 per cent to over 17 per cent by 2020, the total spend on power between 2011-2020 is pegged at approximately $100 billion.

This surge in power generation is expected to contribute towards an increase in spend on power transmission and distribution (T&D) as well, especially looking at the regional interconnectivity needs and the demand for infrastructure arising from industrialization and urbanization. Frost & Sullivan forecasts a cumulative investment of $30 Billion on Power T&D infrastructure in Saudi Arabia between 2011 and 2016. This is required to develop 4,500-5,000 km of new network infrastructure, and to cater to an increase in customer base by a significant 26 per cent. This would involve $8-10 Billion being spent cumulatively on T&D lines, $7.5-8 Billion on transformers, and approximately $5.5-6 Billion on switchgears.

According to a Frost & Sullivan upcoming Report on 'The GCC Power and Distribution Transformers Market 2010,' the Saudi Arabian power transformer market was estimated to be worth approximately $1 billion in 2010, of which locally-manufactured transformers amounted to $70 million only. The Research Report highlights the need for a skilled workforce with technical capabilities to accelerate local manufacturing. Frost & Sullivan recommends that Saudi Arabia's robust and diversified power strategy can be empowered by developing local vendors for supplying components to transformer manufacturers. The region can look at developing local skill and expertise to tackle the issue of unemployment, thereby contributing towards Saudization.

"Some key challenges faced by the Power T&D Sector in Saudi Arabia today include the constant need of investments to meet peaking demand, lack of coordination between the stakeholders, insufficient focus on energy efficiency, need for technology adoption, lack of qualified manpower, and lack of finances especially for the highly-priced energy-efficient equipment", says Frost & Sullivan Energy and Power Systems Industry Manager Abhay Bhargava.

The Frost & Sullivan Report recommends that the Saudi Arabian power sector should develop localised Saudi manufacturing enterprises, which would help address most equipment requirements of the power T&D market in the country, thereby promoting national enterprises. A critical challenge to the development of the Saudi Arabian power market is the lack of a technically capable workforce. To address this, the country needs to foster an environment that encourages joint ventures, with a focus on technology transfer and development of local talent. The Report also recommends industry involvement in course development, to ensure relevance of training with industry requirements, and concludes with insights on the kind of opportunities that the next 5-10 years will bring up in the country.

If you are interested in more information on this Report, please send an email with your contact details to Tanu Chopra / Deepshri Iyer, Corporate Communications, Frost & Sullivan, at tanu.chopra[.]frost.com/deepshrii[.]frost.com

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

Contact:
Nimisha Iyer, Corporate Communications – South Asia and Middle East
P: +91 98200 50519 / F: +91 22 2832 4713 / E: niyer[.]frost.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Power Generation Spending in Saudi Arabia Expected to Be $100 Billion Between 2011 and 2020 Says Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Tanu Chopra / Deepshri Iyer 
+91 22 6607 2037 / +91 22 6607 2003 tanu.chopra[.]frost.com / deepshrii[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Energy Most Recent Related Newswires:

GE’s Gas Engine Technology Provides Cost-Effective, Grid-Stability Solution for Cameroon Poultry Hatchery
Venture Global LNG Selects GE Oil & Gas Advanced Technology Plant-wide Solution for LNG Export Facilities Under Development in Louisiana
SolarWinds Unveils the Next Generation of IT Troubleshooting at Cisco Live EMEA 2017
SolarWinds IT Management Platform Being Tested for Secure Government Deployment
World's First Purpose-built LNG Bunkering Vessel Delivered to ENGIE, Fluxys, Mitsubishi Corporation and NYK
Enel Closes Acquisition of Brazilian Distribution Company CELG
SolarWinds IT Management Platform Achieves Common Criteria Certification
GE & HEI Achieve Major Milestone with First Fire of HA Gas Turbine At Bhikki Power Plant
Aluminium of Greece Collaborates with GE to Drive Efficiency Using Predix*-based First-of-their-kind Digital Smelter Solutions
Enel Green Power Gives Renewable Energy to New Paediatric Surgery Hospital in Uganda
GE Inaugurates Redhill (Stafford) Manufacturing Facility, UK
Turkey's First Digital Power Plant Powered by GE & GAMA Energ
Enel Promotes Italian Solutions in the Residential Storage Market
GE Provides Generator Services and Monitoring Solutions to Suez-Tractebel Operation & Maintenance Oman LLC
Enel Brings Two New South African PV Plants into Operation

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)