Abstract
SUMMARY
The major conclusions of this report are summarized as follows:
- Electric consumption drives GDP growth and prosperity.
- In order to increase GDP, on both a national and per capita basis, new
electric capacity needs to be installed and existing systems need to be
upgraded.
- Global demand for electrical generation, transmission and distribution
products and services will equal $400 billion in 2007 and is increasing 8%
annually in real terms.
- Nuclear energy will continue to grow in importance due to its more
favourable impact on climate-change compared to hydrocarbon based generation
inputs.
- Renewable fuels, despite the hype, are and will continue to be a niche
segment.
- The companies best positioned in this environment include Siemens, GE,
Areva, ABB and The Shaw Group.
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