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Siemens predicts strong world power demand

Issue 3 and Volume 99.

Siemens predicts strong world power demand

Worldwide electric power producers will order new capacity at the rate of 75 GW a year during the period 2000 to 2004, predicted Siemens executive Hans Bohm at a recent press conference in Berlin. That?s a significant increase from the present order rate of 53 GW per year. OThe largest market for fossil-fired power plants is in the newly industrialized and developing countries in Asia since the power demand there will rise most sharply.O Independent power producers will place one third of the new orders, said Bohm. Utilities in developing countries will account for 35 percent, privatized utilities 23 percent, and utilities in industrialized countries the remaining 10 percent, he added.