Growth slows in independent power market

The international market for independent power projects has grown during the past 12 months, although less so than it would have if not for the Asian financial crisis. This is the conclusion of Hagler Bailly Consulting, Arlington, Va., based on the results of its most recent semiannual survey of the international independent power (IIP) market. The growth of independent power projects is significant for the oil and gas industry, because so much of the projected additional power capacity they represent will be fired by natural gas and, to a lesser extent, oil products. The survey focuses on non-utility generation capacity outside the U.S. and Canada. The reported data inc...

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