WORLD BANK WARNS EASTERN EUROPE IS FALLING SHORT ON POWER INVESTMENT
April 1st, 2011
BY KEITH NUTHALL
THE POWER sectors of eastern Europe need billions of dollars investment to maintain or replace ageing capacity, a World Bank report has warned. Looking at investment requirements for 2009-15, the bank said Serbia's electricity sector, for example, needs between USD3.3 billion and USD6.7 billion additional investment for environmental upgrades, new capacity, transmission interconnectors and distribution rehabilitation. Meanwhile, Ukraine needs USD30.8 billion to ensure its nuclear power plants can stay in operation longer. And Armenia USD 5.8 ...
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