HE The Minister opens energy investment forumHE The Minister opens energy investment forum
Electricity and Water Affairs Minister Dr. Abdulhussain Mirza yesterday attended the opening ceremony of the First Energy Investment Forum and the accompanying exhibition, STEEB 2017.
The event, at the Bahrain International Exhibition and Convention Centre, has been organized by AGE in cooperation with Tamkeen.
Moroccan Minister of Energy Aziz Rabah, along with officials and experts working in the field of renewable energy and investment institutions, are taking part.
The minister, in his keynote speech, thanked Bahrainâ€™s leadership for its support of such events and applauded efforts of all ministries, government agencies, bodies and sponsor companies.
He said solar energy can be provided directly from roofs of buildings, factories, parking lots and other such places and this contributes to the development of the private sectorâ€™s small and medium enterprises and in turn reduces to pressure on traditional energy.
The minister said since the setting up of the sustainable energy unit in 2014, there are efforts for diversification of energy sources not only in Bahrain, but elsewhere in the GCC countries.
He said Bahrainâ€™s Sustainable Energy Unit focusses much of its efforts on opening up and supporting sustainable energy opportunities and projects by establishing and supporting specialized forums such as this one, which are opportunities to work with the private sector towards investing in sustainable energy opportunities.
He said the development and achievements of the Sustainable Energy Unit, such as the preparation of the National Plan for Energy Conservation are praiseworthy. This contains 22 initiatives and projects to achieve the national goal of renewable energy use.
He also spoke of the National Renewable Energy Plan, which include seven major initiatives to achieve a renewable energy ratio of 5 per cent by 2025 and a 10 per cent by 2035. The minister also addressed the benefits of increased utilization of renewable energy.
He said renewable energy is clean energy and does not pollute the environment; its use to generate electricity is less than the use of gas and would enable the government to benefit from large quantities of gas saved.
He said renewable energy is an available and sustainable energy that is not depleted, unlike fossil energy that would be depleted in the long term. The minister pointed out that the cost of generating electricity from renewable energy is now competing with the cost of generating fossil energy. Besides, he added, renewable energy would create new jobs in the relatively new field.
Chief Executive Officer of AGE, Amira Al Hassan, said that the forum will include the technological and investment aspects of renewable energies, especially in the light of the continuous movement at all levels towards introducing important developments in energy technology.
She said governments are also speeding up the completion of a legislative system necessary for this new technological transformation. She said the support by the Bahrain government and follow-up by the Sustainable Energy Unit are in line with a willingness to develop renewable energy.
She thanked the minister for his support and patronage of the event and for it to achieve its objectives.