Middle East Economic Survey

VOL. L

No 31

30-July-2007

MEES Agenda

Gulf Power Part 2: Financing Competition Still Fierce As Global Credit Jitters Grow

Last week in Gulf Power Part 1 (MEES, 23 July) MEES looked at the rising construction costs and feedstock shortages that are challenging the GCCs power expansion plans. But with buoyant oil revenues underpinning liquidity, funding for now presents no such problems, and financing costs remain at record lows. As storm clouds gather over the global...