Wednesday, January 23, 2008

$35 Trillion needed to meet world power, water needs

From ArabianBusiness:

As much as $35 trillion needs to be invested in electricity and water infrastructure worldwide over the next decade in order to meet soaring demand, a water treatment specialist said on Wednesday.

Sharjah-based Metito, exhibiting at the World Future Energy Summit in Abu Dhabi, urged governments and the private sector to work together, and warned that the figure could triple unless something is done to address the growing gap between supply and demand.

“Research has proven that $35 trillion is needed globally on electricity and water infrastructure in order to keep sufficient supply till 2030,” Budoor Hunnoon, corporate communications manager of Metito, said in a statement.
“Unless governments and the private sector join forces that number might double or triple."

Metito said the Middle East's forecast expenditure on water projects was $120 billion....MORE