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FINANCIAL NEWS
GCC power sector needs to expand at USD137bn
02 Feb 2017
(MENAFN) The GCC States, whose power capacity needs to increase at an average annual pace of 8 percent amid 2016/2020, will need USD137bn over the next five years.
Additionally, the GCC power construction contractor awards are to expand 14 percent year-on-year to USD25.52bn this year.
Meanwhile, the power capacity in the GCC recently shows 47 percent or 148GW of the current MENA power-generating capacity.
Moreover, the GCC governments have increased water, elect and fuel prices to ease the burden on state budgets.
MENAFN0202201700450000ID1095231633
MENAFN0202201700450000ID1095231633
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