The UAE decides to invest $35 billion in energy diversification projects

ArabiaWeather.com- The UAE has decided to invest about $35 billion in energy diversification projects, through a strategic plan that extends to 2020, according to Energy Minister Suhail Al Mazrouei.

Al-Mazrouei said that the state is committed to its declared plan, which aims to reduce dependence on natural gas in electricity generation to 70% over the next 6 years.

He pointed out that the aim of these investments is to reduce his country's dependence on gas from 100% to 70% by 2021. The UAE recorded a record consumption of natural gas in 2013, amounting to 2.4 trillion cubic feet.

It is noteworthy that the UAE has begun implementing the construction of nuclear reactors to generate electricity, in addition to concluding agreements aimed at establishing solar energy generation stations, which are scheduled to start actual supply by 2018.