Power demand in the UAE was lower in the first half of this year than in the same period last year, the Abu Dhabi National Energy Company said Thursday.
A construction slowdown had caused the drop in electricity consumption, said Peter Barker-Homek, the chief executive of the company also known as Taqa, which runs power plants in the capital.
The disclosure highlights the severe effect of the global financial crisis on the UAE’s previously booming residential and commercial property sectors.
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