Gulf countries energy emergency transformation of imported coal for lighting
According to Hong Kong media reports on May 20, due to a severe shortage of natural gas, many chieftains in the United Arab Emirates are looking for alternative fuels to maintain air-conditioning, lighting and water supply, and they are planning to import coal.
Just as the Gulf countries are striving to face high oil and gas prices, weak infrastructure and rapid development, Abu Dhabi and the French power company Suez cooperate with nuclear energy projects, but coal will be the best quick solution to prevent national power outages. Many of the world's largest oil exporters will soon rely on well-known coal exporters such as South Africa to import fuel.
As a result, Abu Dhabi National Energy Corporation (Taqa) plans to undertake a 50-pound (about 7.64 billion Hong Kong dollar) coal-fired power plant plan to buy half of the shares; Dubai Water and Power (DEWA) hopes to start investing in clean coal this year. Oman Power and Water Purchasing announced in December last year that a planned 700 megawatt power plant and desalination plant might need coal rather than natural gas to drive it.
For the first time, the Gulf countries began to feel the burden of rising fossil fuel prices and are undergoing a dramatic transformation. Dubai introduced a power pricing system in March this year to increase the price of high-volume users. The new price is only applicable to foreign companies and foreign nationals, and the chiefs are exempt.
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