(MENAFN) Independent water and power project (IWPP) companies will face project financing obstacles, though many giant projects are being announced in the GCC to cover the demand on power and water, according to Arab News.
The discussion was held by leading industry authorities in Dubai yesterday, highlighting that private capital's role was not clear or often viewed with suspicion.
Nick Carter, director general, Regulation and Supervision Bureau, the independent regulatory body for the water, wastewater and electricity sectors of Abu Dhabi, said: "The regional utilities' sector is trying to keep pace with the demand for power and water, but with the high number of projects being announced by governments in the region, private equity can help the developers to complete their projects on time and at less risk to governments."
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