Business Networking During MMEE at Dubai
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Seeking a Technical Partner for Re-Engineering Power and Distribution Transformers in the Middle East.
We have been retained by a leading Electrical company in the UAE to find an internationally proven manufacturer of Transformers as a techno commercial collaborator for a new facility for Re-Engineering of Power and Distribution Transformers in the Middle East.
The power sector in the middle east region will involve about US$ 50 billion of investment in new power generating capacity. The GCC alone will add 76.8 GW of capacity for power generation between 2016 and 2020 (pan-Arab energy investment bank Apicorp estimates). According to the International Renewable Energy Agency (IRENA), GCC electricity consumption is expected to reach 856 terawatt-hours by 2020, requiring 100 GW of additional power over the next 10 years to meet the demand. As the demand increases, the GCC countries are also experiencing significant requirements for power sector infrastructure development.
Considering the present see saw of the Oil price, utilities and the end users, in the region will try to save every dollar they can to optimize the limited resources. Increasing the product life cycle of existing capital equipment will play a major role in limiting the investment in new equipment. At the same time, just about any back yard facility involved in general ‘repair or refurbishing’ of the equipment will not help. What will be needed is robust re-engineering of the equipment, making use of the latest technology and materials to give a new lease of life to the equipment with a warranty of about the same life as a new equipment.
Our client is one of the most renowned international group of companies with headquarters in Dubai, U.A.E. The group is lead by a internationally renowned entrepreneurs in the electrical space. The company has a solid presence in Dubai, Abu Dhabi, Al Ain, and in Canada. With a core focus on electrical products and a combined experience of more than 300 years, the group is well poised to help the customers meet the challenges of the new age. The groups motto is to always provide the best products and services at competitive prices with no compromise on quality.
The Plan and Opportunity
As a part of its commitment to challenges of the economy, the group is planning a major investment in a Transformer Re-Engineering facility in the UAE. We are now looking for reputed technology partners from Europe, USA, Canada to provide us the technology support and become a part of our sure success in the same.
We are primarily looking for technical partnership and your financial investment in the venture is not a condition.
If you are a reputed brand for no less than 15 years, and backed up with suitable certification from international test houses, we would like to hear your interest in collaborating with us in this lucrative vertical. Please put your interest and full contact details in the comment below or email ravinder dot bhan at tpsworld dot com