Arabian Business Weekly Update June 19, 2005

The city’s massive power cut has brought home the need for investment. YEARS of hard work can easily be undone in a single moment. And last week, on June 9 at 9.47am, that moment may have arrived in Dubai. The city's sudden power cut brought chaos to millions, costing business millions more. Such power cuts are not unnatural: what is, is the city's muted reaction, akin to a denial that there was any kind of crisis. As we report this week, Dubai's capacity to generate power needs urgent reviewing, urgent new investment and urgent upgrading. The huge scale of growth across the city has resulted in the need for power rising at 10% a year: that's three times more than the global average and faster than anywhere else on earth. The UAE's installed power generation capacity has been growing at 24% a year over the past 30 years and will reach 17,000 megawatts within the next five years. But this may not be enough.

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