VOL. XLVI

No 47

24-November-2003  

ENERGY FINANCE

Banks Foresee Hurdles As Power Project Financing Needs Grow

The growing financing need for power projects in the Middle East and particularly the Gulf are expected to provide many opportunities for banks in the coming years. However, MEES soundings indicate power will be competing with the substantial funding needed by the hydrocarbon sector, raising concerns that banks will be stretched and unable to meet all of the requirements....