Middle East to lead growth for new IP

International Power’s Middle East chief executive Shankar Krishnamoorthy believes the effects of the current unrest on project finance in the region will be short-lived. He is relishing new greenfield opportunities in power and water.

Water and power projects in the Middle East will be the key growth driver in 2011 at the new company formed from the combination of International Power and GDF Suez’s Gulf interests, the firm’s regional head told GWI.

Speaking just weeks after the combination was formally concluded, Shankar Krishnamoorthy said he believes the pace of growth in the ...

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