Qatar Power – Markaz Research
July 12, 2012
Qatar is one of the few countries in the Gulf, where power generation has grown considerably in the last decade. Attributed to high GDP growth rates and population explosion, power consumption in Qatar has increased by a CAGR of 9.3% between 2001 and 2011. To keep pace with the demand, Qatar saw its total installed power capacity getting doubled in a span of just two years, from 2009 to 2011. As a result of this, reserve margin of electricity in Qatar stands at 40% despite the tremendous growth in demand. Qatar is expected to have sufficient capacity to meet the peak demand till 2017.