Credit crunch may threaten power supply in Middle East

02/17/2009 | Power Engineering

The credit squeeze may start a power supply crisis in the Middle East, where demand for electricity grows at 4% per year, according to an official from the International Energy Agency. "The current financial crisis may be sowing the seeds of an energy investment crisis. Energy prices will rise again. Despite the credit crunch, the industry needs to maintain investment in order to avoid a supply crunch," he said.

View Full Article in:

Power Engineering

Published in Brief: