Zawya - United Arab Emirates
Tuesday, October 7, 2008
Gulf Arab Countries Electricity & Power Demand
Gulf May Need Over $35B For Power Projects
Zawya - United Arab Emirates
Zawya - United Arab Emirates
Gulf Arab countries face an acute challenge in meeting the rising demand for electricity as they power ahead with an unprecedented construction spree.
The power sector in the Gulf Cooperation Council (GCC) could require more than $35 billion in financing in the next 10 years, ratings agency Moody's said in a report. ...
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