Arab world needs to invest $ 10.5 bn a year in Power

Mar 12, 1997 01:00 AM

Mar. 3, 1997 Arab states need to invest about $ 10.5 bn a year to meet rising power demand, a Bahraini minister said recently."Investments in the field of electricity in the Arab world during the period between 1995 and 2010, to meet the expected demand, is estimated at $ 160 bn, or about $ 10.5 bn a year," he said, speaking at a three-day Arab electricity conference .Jumaa said Arab states need huge capital "to ensure the Arab world's ability to meet the ever increasing local demand on electrical power in future. These investments will go towards building new power stations, power transmission lines and substations on one hand, and the expansion of the existing installations on the other," he added. Jumaa urged Arab governments to offer a portion of their holdings in successful public sector projects to private investors to raise confidence in electricity sectors. "This action will certainly contribute towards creating a suitable atmosphere and more confidence in the feasibility of investments as a whole," he said.

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