Power sector investment needs to treble, says study

Oil

The global power sector will need $10 trillion worth of investment over the next 30 years – 60% of total energy investment and nearly three times the amount spent on the electricity sector in the past three decades. That is the conclusion of a study*, World Energy Investment Outlook 2003, released on November 4 by the International Energy Agency (IEA).

More than $5 trillion will need to go into transmission and distribution networks,while $4 trillion is required for new plant.

The report says