Al Mazrouei: Abu Dhabi a deserving venue

Al Mazrouei: Abu Dhabi a deserving venue

UAE bidding to host WEC

01 November 2013

THE UAE Minster of Energy, Suhail bin Mohammed Faraj Faris Al Mazrouei, has confirmed that the UAE will bid to host the 2019 World Energy Congress (WEC), one of the world’s pre-eminent energy dialogues, convened every three years and attracting more than 5,000 policy makers and private sector leaders from across the global energy industry. Hosting the congress in Abu Dhabi would mark the first time in the event’s 90 year history that it has been held in one of the Opec member countries.

The announcement came on the eve of the 22nd edition of WEC in Daegu, South Korea, where the UAE was represented by one of the most diverse delegations, drawn from the government agencies and companies managing its multi-billion investments in hydrocarbons, renewable energy, peaceful nuclear, energy efficiency, and carbon capture and storage. 

 “The UAE has a strong heritage of energy leadership. We have partnered without interruption with the world’s leading energy companies to ensure reliable oil and gas supply, and we are taking the same approach in new energy sectors, both domestically and globally,” said minister Al Mazrouei.  “We are a long-time partner of WEC, and look forward to building a platform in 2019 that drives members’ investment opportunities and enhances their market outlooks.”

The UAE is rapidly diversifying its energy portfolio, with 2,500 MW of renewable energy and 5.4 GW of peaceful nuclear power under development, in addition to large-scale investments in energy efficiency, carbon mitigation, and development assistance, which in 2013 alone saw allocation of over $400 million of concessional finance for fellow developing countries.

“Abu Dhabi is totally committed to hosting the World Energy Congress in the UAE capital, one of the world’s leading oil and gas cities, which is equally committed to sustainable and renewable energy resources,” said Sheikh Sultan Bin Tahnoon Al Nahyan, chairman of Abu Dhabi Tourism and Culture Authority. “In bidding for the 2019 event, we have five years in which to focus our attention to delivering a congress that will raise the bar on this international gathering.”

 “As a nation, we were regional first movers within the renewable energy space, forging ahead with pioneering investments in wind and solar power,” said Dr. Sultan Al Jaber, Minister of State and CEO of Masdar, the UAE’s multifaceted clean energy company. “We are also redefining the way our urban environments consume power, through sustainable urban developments such as Masdar City. And today, we are exporting clean energy expertise to nations that have identified a need to accelerate their renewable energy portfolios.”

“Our nation was built on its ability to forge international alliances to reliably supply the world with energy, and our hydrocarbon industry continues to grow and innovate to play this strategic role,” said Dr Matar Al Neyadi, undersecretary of the Ministry of Energy. “We look to WEC in 2019.”

Mohamed Al Hammadi, CEO of the Emirates Nuclear Energy Corporation, remarked: “The UAE is leading energy diversification and the achievement of higher quotas of energy sustainability and security of supply, such as through our peaceful nuclear energy program. Under an unprecedented model of transparency and international partnership, we will meet nearly 25 per cent of national demand with carbon-free power by 2020.”

Abdulla Nasser Al Suwaidi, CEO of Abu Dhabi National Oil Company, also supported the move to host the WEC.

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