OMAN - Green Economy
Managing Director, Siemens Energy
Khalid Bin Hadi has extensive experience across the oil and gas and power industries gained from senior positions in leading energy companies around the world. He joined Siemens in 2015 in Abu Dhabi and has held multiple senior roles. He has headed the oil and gas business for Siemens gas and power in the Middle East since 2019. Prior to Siemens, he was vice president of oil, gas, and petrochemicals for ABB UAE in addition to other senior management roles. Bin Hadi holds a BSc honors in management from Birmingham City University in the UK and an MBA from NYIT in the US. He has also completed executive education in management and leadership at INSEAD France.
Siemens Energy was spun off from Siemens AG in order to leverage the business’ strengths and address the entire value chain of the energy sector. Supporting our goal of making our own operations climate neutral by 2030, we also launched the Siemens Energy sustainability report at the end of 2020. In addition, 100% of Siemens Energy’s electricity consumption globally should be met by power from renewable sources by 2023. In Oman, we also have a number of successful and recent developments; some 45% of the power produced in the Sultanate uses Siemens Energy’s technologies. We have executed a number of strategic projects with Liwa Plastics and Salalah LPG and have a strong footprint in oil and gas and transmission. Siemens Energy is providing the Duqm integrated power and water project (DIPWP) with gas and steam turbines, long-term power generation services, and digital solutions to ensure a stable energy supply and asset security. We want to energize society and ensure we are delivering stable, reliable, and efficient power across the energy value chain. It is not only about business transactions, but also about becoming a reliable partner that provides innovative technologies, creates jobs, helps communities, and has a positive impact on the growth of the economy. That is why we are a trusted partner and advisor to governments, especially on the energy transition journey.
Governments across the world are addressing the energy transition in order to build efficient, sustainable, affordable, and secure energy systems for society. Hydrogen is one key technology that is playing an increasingly important role in the energy transition and becoming an important component of the energy mix for most countries, governments, and businesses. We are working with our partners and customers to optimize efficiency and costs and reduce emissions, and hydrogen can play an important role here. We are investing heavily in green hydrogen and are also looking to collaborate with our strategic partners to advance the industry. We are engaged in several discussions in Oman on forming partnerships where we can develop green hydrogen projects. Oman aims to achieve 10% of renewable energy contribution by 2025. It is also focusing on diversifying the economy, and all of that is aligned with the energy transition. In order to achieve such ambitious goals, it is extremely important to select the right partners that are able to bring investment, technology, and collaboration to facilitate the energy transition journey. Siemens Energy’s expertise and innovative technology make us a partner of choice for companies and governments across the world.
Oman has well established and diverse infrastructure; however, like any other country, it has its own challenges, like modernizing and upgrading aging assets and transmitting electricity to remote villages or across mountains. There are easy solutions, but they can be expensive, so we first need to do a complete study on the energy supply to see how it fits into Vision 2040. We are already involved in a number of strategic projects where we will upgrade power plants and replace generators to increase efficiency and lower costs in terms of investment.
We have a solid footprint in Oman in energy generation, transmission, distribution, and oil and gas. We want to maintain the installed base of our assets and extend their life cycles. Second, we need to expand the energy business. We want to work with our partners to develop energy roadmaps and support them through the energy transition. The new sectors will require new energy, and this is where we see ourselves expanding our business. Part of Vision 2040 is focused on the energy transition and diversification, and we know we can add value and contribute there.
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