The developing international private power market
A review group comprised of representatives from ten U.S. power industry companies recently released a report recommending increased assistance by the U.S. Agency for International Development (USAID) and other government agencies to provide reliable supplies of electricity and efficient use of energy. The report called for integrating U.S. foreign aid and trade policy to support U.S. industry in expanding overseas markets. The review group estimates a potential market of $370 billion to $900 billion worth of power equipment and services over the next 20 years. Recommendations of the Review Group include: Provide funding to support feasibility studies for electric power projects; Increase economic support funds and development assistance to emphasize energy, infrastructure, trade and investment; expand USAID's energy and private power activities through the formation of an Energy/Power, Infrastructure and Trade Institute as a public-private partnership; and include considerations of the U.S. trade balance in USAID's programs. The Report also criticized the U.S. power industry for an inadequate commitment to long term involvement in overseas markets.
- OSTI ID:
- 6672827
- Journal Information:
- Independent Energy; (USA), Vol. 19:7; ISSN 1043-7320
- Country of Publication:
- United States
- Language:
- English
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