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GCC may need $35bn to fund power projects
- Tuesday, October 07 - 2008 at 09:41
A new report by Moody's has revealed that the power sector in the GCC could require more than $35bn in financing in the next 10 years, reported Gulf News. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE are expected to spend $50bn by 2015 to boost generation capacity by nearly 60,000 megawatts, the report said.
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Jeff Florian, Senior ReporterTuesday, October 07 - 2008 at 09:41 UAE local time (GMT+4)
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