Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Oman an essential part of our business in the Mideast  Join our daily free Newsletter

MENAFN - Muscat Daily - 03/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Muscat Daily) Siemens Energy is a leading supplier of products, services and solutions for power generation in thermal power plants and using renewables, power transmission in grids and for the extraction, processing and transport of oil and gas.Dietmar Siersdorfer, CEO of energy, Siemens Middle East, speaks to Muscat Daily about the company's business and projects in Oman and the GCC and importance and challenges in developing renewable-energy resources. What presence does Siemens Energy enjoy in Oman and how has the market progressed for the firm?Siemens Oman LLC was founded six years ago, but we had been working in the country for a long time. We have been supporting all the industries here, especially the energy sector.In the last six years we have progressed very well. At present, we are working on three power stations in Sohar, Barka and Sur. We have not only started power generation but are also working in the oil and gas industry, for example, deploying services for PDO. We have been supplying to our customers in the sultanate the latest technologies. Siemens Energy has a strong presence in the renewable-energy sector. Which projects are you eyeing in Oman in this sector?We are a large player in the energy industry and also deploy technologies for solar and wind energy projects. In Oman, we are working with the government to develop these kind of projects. But, unfortunately, at the moment no concrete project has materialised. Why is it important for a country like Oman to develop its renewable-energy sector?The diversification of energy sources is the key to future development. The Gulf region has very valuable fossil resources, but it also needs to diversify.Now is the right time to do so and introduce  renewable-energy projects.Nevertheless, you also need to have a mechanism in place for the renewable industry to materialise in future.Earlier this year, a group of German investors announced a US2bn investment to develop solar-energy projects in the sultanate. Are you expecting Siemens to be involved in this  development?We are in contact and working with these people. As I said, renewable energy will definitely play a role here. We are working on this project and we will see how quickly this project can materialise. Siemens has valuable technologies that it can provide for the project. Will you look to participate in other projects in Oman in the near future?There are other conventional-energy projects coming up in Oman and we are looking forward to them. We already provide most of the energy-generation technologies in the country. We are also looking at energy transmission - to help upgrade and build grids.The sultanate is an essential part of our business in the Middle East. With all the government spending on infrastructure our business in Oman is growing. What are the new key technologies Siemens could bring to the Middle East in near future?Energy efficiency is one of the most important focus areas in the region. When you look at the Middle East, many plants are not as efficient as they could be. So to ensure energy efficiency we need to use new and efficient technologies.For example, in Saudi Arabia, the average efficiency in energy generation is in the range of just 30 per cent. But with the latest technologies we can take it up to 60 per cent. So with a same amount of fuel you can double the energy output with new technology.So over a period of time, I think technology needs to be upgraded here. Another focus is efficient power-transmission systems. We are looking forward to help the sultanate in this area as well. What are the major challenges in developing the renewable-energy sector in the GCC?I have spoken to many government officials in the region. In my opinion, it really depends on the interest governments display and the subsidies mechanism.  As I said earlier, fossil energy in the region is too cheap to compete with renewable energy. So governments will have to attach a price to fossil energy or subsidise renewable-energy projects.There are also technological challenges in this region. Although the region is blessed with a lot of sunlight and wind, it also gets a lot of dust and humidity and solar panels will have to be cleaned frequently. The remote areas have very little water and we are working on technologies to clean panels with less or no water.We are working on these issues, but solutions will take time and depend on the partnership with governments in the region.What is your outlook for the renewable-energy sector in the GCC and Oman?Solar and wind energy, in my opinion, are definitely growth areas in the years to come in this part of the world. But to make this happen we need to understand the fact that solar and wind energy have to be priced at equal levels.In many countries in the region fossil fuel or energy is so cheap and renewable energy cannot compete with this. So first of all, we need to bring energy-generation prices down for the renewable-energy sector and Siemens is working on it.Secondly the countries in the Middle East have to attach a price to fossil energy. As long as you do not value the oil and gas that you use in power stations, there cannot be a real comparison between conventional energy and renewable energy. Once the governments do this, renewable energy will kick off more and the sector will contribute more to the total energy-generation capacity.Today the contribution of renewable energy in the Middle East is very little despite good sunlight and good wind spots at many places.

 






  MENA News Headlines
Apr 15 2014VistaJet Bombardier Claims Landmark Julius Baer Beach Polo Title ,MENAFN Press
(MENAFN Press) The Julius Baer Beach Polo Cup Dubai 2014 presented by Cadillac was claimed yesterday by an 8-4 VistaJet Bombardier victory over the title sponsors, following two days of furious polo ...

Apr 15 2014Doha Bank named Best Retail Bank in Qatar by the Asian Banker ,MENAFN Press
(MENAFN Press) Doha Bank, the leading private commercial bank in Qatar, was named the Best Retail Bank in Qatar at The International Excellence in Retail Financial Services Awards Ceremony held this ...

Apr 15 2014Omnix International successfully hosts Autodesk event for local CAD, BIM and IT managers ,MENAFN Press
(MENAFN Press) Omnix International, the MENA region's leading provider of computer aided engineering solutions, successfully hosted an Autodesk event targeting local CAD, BIM and IT managers at the ...

Apr 15 2014Lord Mayor of London meets with the BIBF ,MENAFN Press
(MENAFN Press) The Lord Mayor of London, Right Honorouble Alderman Fiona Woolf visited the BIBF recently to meet with Senior Management and discuss opportunities for improved support from UK-based ...

Apr 15 2014Excellent survival rates for paediatric lymphoma has motivated research efforts in the Middle East ,MENAFN Press
(MENAFN Press) According to the American Cancer Society, Non-Hodgkin lymphoma (NHL) accounts for about 6% of all childhood cancers. Hodgkin disease accounts for about another 4 % . Although adult ...

Apr 15 2014Gulf Finance House hold ordinary and extraordinary general meetings ,MENAFN Press
(MENAFN Press) Gulf Finance House (GFH), the Bahrain based Islamic investment bank, today concluded the Ordinary and Extraordinary General Meetings of the Bank for the twelve-months ended 31 ...

Apr 15 2014Etisalat Honours 39 Sales Partners at 2nd Annual Conference ,MENAFN Press
(MENAFN Press) Etisalat, the UAE's leading telecom provider, celebrated the achievements of 39 of its channel partners at the 2nd annual sales partners conference. The event was attended by ...

Apr 15 2014Ericsson cloud Transformation, a key enabler of the networked society ,MENAFN Press
(MENAFN Press) As a part of its participation at Cloud World Forum MENA 2014, Ericsson discussed the opportunities enabled by the Cloud in light with the significant transformation of the Information ...

Apr 15 2014ENOC Retail offers over 60 lucky customers at ZOOM stores on Dubai Metro network free travel for a year ,MENAFN Press
(MENAFN Press) Lucky customers of ZOOM convenience stores operated by ENOC Retail on the Dubai Metro network now stand to win a daily prize of free commuting on the world's largest driverless metro ...

Apr 15 2014du celebrates more than two successful years of Emirati Plan - the mobile package exclusively for UAE nationals ,MENAFN Press
(MENAFN Press) 2014 is the year when Emirati Plan – du's exclusive plan for UAE nationals will enter its third year, and yet it stands head and shoulders above any other comparable plan in the ...

Apr 15 2014Kuwaiti plan to award USD4.3b oil project ,MENAFN
(MENAFN) The head of state-owned Kuwait Oil Company (KOC) said that his country plans to sign a USD4.2 billion contract for the first phase of a heavy oil production project, Arabian Business ...

Apr 15 2014Sharjah rents up 7% in Q1 as Dubai residents relocate ,MENAFN Press
(MENAFN Press) Sharjah is benefiting from ongoing rental rate rises in Dubai as residents look to relocate to more affordable accommodation according to a Q1 2014 Northern Emirates report from ...

Apr 15 201416th Water, Energy, Technology, and Environment Exhibition (WETEX) 2014 opened ,MENAFN Press
(MENAFN Press) The 16th Water, Energy, Technology, and Environment Exhibition (WETEX 2014), was inaugurated today by HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of ...

Apr 15 2014The Address Hotels + Resorts win multiple accolades at 2014 World Luxury Spa Awards ,MENAFN Press
(MENAFN Press) The Address Hotels + Resorts, the five-star premium brand of Emaar Hospitality Group, has underlined its credentials in the recreation and leisure sector, winning four top laurels at ...

Apr 15 2014Dubai to start testing USD1 b Tram project ,MENAFN
(MENAFN) Dubai's Roads and Transport Authority (RTA) will soon start the second phase of testing Dubai Tram project, which worth USD1 billion, according to Arabian Business. Testing in the second ...

Apr 15 2014KUWAIT DECLARATION CALLS FOR BOLSTERING ARAB TIES ,Arab Times
(MENAFN - Arab Times)  kuwait city march 26 (agencies): arab leaders called wednesday for a political solution to the conflict in syria overlooking saudi-backed demands for greater military ...

Apr 15 2014Kuwait- Amir thanks ministers and senior officials for 'constructive' summit ,Arab Times
(MENAFN - Arab Times) Kuwait city march 27 (agencies): his highness the amir sheikh sabah al-ahmad al-jaber al-sabah sent letters of appreciations to senior officials and ministers for their ...

Apr 15 2014Reactions positive to Arab Summit hosted by Kuwait ,Arab Times
(MENAFN - Arab Times) Capitals march 28 (kuna): several arab governments are pleased with the outcomes of the wednesday-concluded two-day arab summit held in kuwait with some non-arab observers ...

Apr 15 2014Kuwait urges world to safeguard human rights ,Arab Times
(MENAFN - Arab Times) Geneva march 28 (kuna): kuwait called on friday on the international community take responsibility in safeguarding human rights urging all countries to follow the vienna ...

Apr 15 2014Kuwait pays heed to intellectual property protection ,Arab Times
(MENAFN - Arab Times) Kuwait march 30 (kuna): kuwait attaches much attention to intellectual property protection due to its significance to the economic development process said a senior commerce ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help