Friday, 24 August 2012

GCC to invest $252b in power sector | GulfNews.com

Gulf Cooperation Council (GCC) states are set to invest $252 billion (Dh925.62 billion) over the next five years on projects for setting up new power production plants, distribution systems and supply grids, recent reports claimed.
In the UAE, Shams 1 will be one of the world’s largest concentrated solar power plants, with a capacity of 100 megawatts.
As energy bills keep rising, with the galloping cost of production and transmission internationally, designers, developers and end-users are increasingly looking to innovative new technology to reduce costs.

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