Global IWPP Summit: Nurturing Partnerships in Power and Water

The Global IWPP Summit held between the 1st and 3rd October, in Ras Al Khaimah, U.A.E, at The Al Hamra Convention Centre has indeed been a great success, which was organized by Fleming Gulf . The opening day, Monday, 1st October, 2012 was inaugurated by The Crown Prince of Ras Al Khaimah, His Highness Shaikh Mohammed Bin Saud bin Saqr Al Qasimi, who graced the summit with his presence and went on to tour the exhibition spaces set up by leading technology providers from across the globe. The final day was higlighted by an agreement signing for one of the greenest power projects the GCC has ever seen. Over 100 participants each day were witness to key presentations delivered by the foremost experts in the Middle East utilities market.

The summit reinforced the need to develop and strengthen the utility sector in the Middle East. With an expected power demand of over 20000MW in the next 5 years coupled with an 8% growth in the water demand in the U.A.E, exploring a renewable and sustainable model with proven results is the need of the hour. An IWPP (Independent Water And Power Plant) represents a model that is built on a platform which nurtures consumer focused development, builds efficiency through the value chain and develops partnerships while reducing subsidies. A dynamic mix of partnership models that include Government bodies, developers and private financiers were seen as market drivers that will allow faster project implementation and quicker response to market requirements. Involving the private sector in power generation encourages public resources to be redirected to other development priorities while also inviting new technology integrators into the GCC utility market.

The final day of the summit ended on a high note when UTICO Middle East, a leading full services utilities provider, and Shanghai Electric, one of the largest diversified equipment manufacturing groups, announced a joint collaboration to establish the world's greenest coal-fired power plant in Ras Al Khaimah. Mr. Rashid Mehran Al Baloushi, Chairman of UTICO and Mr. HanYoutian, Vice Chairman of Shanghai Electric signed the Dhs 1.5 billion agreement to implement the project which will deliver 270 MW of power by 2015 to the Ras Al Khaimah region.

The agreement signing in the presence of Ras Al Khaimah Government dignitaries, has been a true indication of what the summit set out to achieve - A fostering partnership to sustain one and all.

About Fleming Gulf
Founded in 2005, Fleming Gulf is young, dynamic and has fast become one of the leading providers of business intelligence through industry specific conferences, webinars and skills enhancement training courses.  
 
Our goal is to link professionals and provide them with commercial acumen, business investment contacts and a world of opportunities.  Our reach is global-spanning serving organisations in the Middle East, Asia, Africa, Europe, and as far as Latin America.  
 
Fleming Gulf delivers the most comprehensive business events by leveraging our network of industry influencers with specialist knowledge to provide organisations the winning edge that makes a difference in their decision making in today's competitive business landscape.
 
Through our live and on-demand webinars, class-sized intensive certification courses, highly focused niche conferences and large scale summits, Fleming Gulf has brought together nearly 100,000 professionals representing industries including HSE, oil & gas, utilities, life sciences, mining, construction, HR, transport & logistics, finance, telecom & IT, aviation and marketing. 
 
We are committed to provide our partners - speakers, delegates, exhibitors, sponsors and supporters - a unique learning experience where they can find stimulating topics, engaging conversations and meet the biggest names within their field. 

Sobia Jameel
Marketing Executive
Fleming Gulf
T: +91 8039919022
F: +91 9741200542
E: sobia.jameel@fleminggulf.com

This release was published on openPR.