Dubai hosts annual meeting of Arab Energy Club

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Supreme Council of Energy, welcomed the annual meeting of the Arab Energy Club in Dubai, the first time the gathering has been held in the emirate.

  In a speech delivered on his behalf, His Excellency Saeed Mohammed Al Tayer introduced the objectives of the council, the authority responsible for developing strategies to manage Dubai’s water and electricity needs, and overseeing the key organisations involved in the emirate’s energy sector.

HE Saeed Al Tayer, Vice Chairman of the DSCE, said that the Dubai Integrated Energy Strategy 2030, developed by the council in 2010, had entered its implementation phase aimed at ensuring sustainable energy supplies and the efficient management of the demand for power, water and fuel for transportation.

He said that the strategy would sustain Dubai’s position as a financial and commercial hub and a bridge between the East and West, in line with the vision of the emirate’s Ruler.

The Dubai Integrated Energy Strategy 2030 seeks to reduce dependence on imported gas by achieving five per cent of energy supplies from solar, 12 per cent from clean coal, 12 per cent from nuclear, and the remaining 70 per cent from gas.

HE Saeed Al Tayer concluded his remarks by saying Dubai would devote all necessary resources to realise the sustainable supply of and demand for water and energy in support of all sectors of the local economy, from trade to transport to tourism.

The Arab Energy Club is a non-profit organisation registered in Lebanon dedicated to knowledge sharing on the key issues affecting oil and gas markets and the wider energy sector, and their implications for the economic and social development of Arab countries.

The Dubai Supreme Council of Energy was formed as an independent legal entity in August 2009 under Law 19 of 2009, issued by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai.

The new regulatory body seeks to ensure that the emirate’s growing economy will have all the power it needs in the future through providing energy at a reasonable cost and reducing any negative impact on the environment.