GE, XD Electric eye ME in energy deal [Daily Tribune (Bahrain)]
(Daily Tribune (Bahrain) Via Acquire Media NewsEdge) ? ? With the Middle East population expected to grow 31 per cent by 2025 and gross domestic product set to grow 4.3pc from 2009 to 2020, calls to build a reliable, safe and efficient electrical infrastructure is getting louder and wider. Compared to United States, where electricity consumption per capita is set to grow 0.8 pc annually through 2035, in the GCC countries, the increase is set to be at over 2.5pc. Building on its commitment to partner in initiatives that enhance the social and economic welfare of Middle East and to promote energy sector efficiencies in the region, GE and XD Electric Group have combined GE's grid automation capabilities with XD Electric's comprehensive portfolio of primary high-voltage (HV) equipment. The partnership, which was announced in May 2012, expands GE's capabilities as a leading provider of transmission and distribution (T&D) solutions and creates a new global competitor to provide utilities and energy-intensive industries with HV solutions. "With over 80 years of pres ence in the Middle East region, we are currently focused on grid expansion projects and greenfield network interconnections as we continue to create a modern power grid that is stable, resilient and energy efficient. This is in line with the regional governments placing higher stake on boosting the energy sector infrastructure, with a particular focus on sustainability, to meet growing demand from an increasing population and greater urbanisation, " said GE Digital Energy High Voltage Solutions Regional Product Leader, Jalal Qutob. "Adding high-voltage capabilities will help our utility customers to transmit power with minimal losses over long distances and rough terrains from the generation point to the consumers in large cities, " he added. Through the partnership, GE and XD will offer end-to-end T&D solutions to meet growing demand for electricity in the emerging Middle East economies. According to United Nation, the urban population in the Middle East and North Africa region is set to be over 280 million by 2020, of an estimated total of 430m people – accounting for an increase in urban population by 65pc. This increase will require sustained electrical infrastructure investments to support water, power, energy and telecommunications systems. ? ?
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