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FINANCIAL NEWS
Private sector to attract more power deals in MENA
15 Jul 2014
(MENAFN) The increasing growth of the private sector in both power generation and water could open the doors for large-scale transactions in Mena in the future, according to the Peninsula Qatar.
With market reform in the region gaining momentum as well as utility unbundling, renewables are expected to register the highest growth in the region, EY’s Power Transactions and Trends report noted yesterday.
David Lloyd, Mena Power & Utilities Transactions Leader, EY, said: “At present, utilities in the Gulf are focusing chiefly on domestic investment. There is a massive need for new power and water capacity, driven by population growth and the increased industrialization of the region”s economies.”
He added: “The projections for new capacity over the next few years encompass not just generation but basic infrastructure. This demand will open up substantial opportunity for private sector involvement and transactions.”
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