Mena needs $250bn investment in power sector to meet demand
- Middle East: Wednesday, October 31 - 2012 at 02:27
The Arab Petroleum Investment Corp (Apic) has said the Middle East and North Africa (Mena) region will need to pump $250bn into its power sector in the next five years to meet regional electricity demand growth, Times of Oman has reported. Power capacity in the Mena region will increase by 7.8% annually over the next five years, translating to a capacity increment of 124 gigawatts, the report said. The GCC's power sector will require $105bn or 42% of total investments, it said.
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