Ajman has recently signed a deal worth $2billion with MMC, a Malaysian power producer, as the two has been collaborating to establish the first gulf region coal-fired power plant. The deasl is the answer for the power shortage experienced mostly in Northern Emirates.
To address the worsening regional power crunch some Gulf states, including the UAE, are considering building nuclear plants. But nuclear programmes take years to develop, and the UAE does not expect its first atomic power plant to be completed until at least 2016.
Around that time, the emirate of Abu Dhabi, which produces 90 per cent of the UAE’s oil and gas, also expects to bring at least one major new gas project on-stream, tapping the Shah sour gas field that Abu Dhabi National Oil Company agreed to start developing with ConocoPhillips.
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