GCC likely to invest in new power generating capacity

3 November 2011: The GCC countries are likely to spend up to $25bn (Dhs91.8bn) over the next decade to install new power generation capacity in order to meet their burgeoning electricity demand. As a result of high economic and population growth rates, regional energy demand and electricity consumption are increasing rapidly. Just to meet this demand, the GCC will require 100 GW of additional power-generating capacity over the next ten years.

Source: Ameinfo