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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: mcg404 who wrote (16916)	3/17/2002 9:31:38 AM
From: elmatador	Read Replies (1) of 74559

Hydro-power appeals a lot to developing countries. Giant hydro power is remains of the centralized mindset of bureaucrats and autocrat governments type of Mahatir of Malaysia and South American dictators. The local contractors can get big deals on the civil works part. Consultants get business, it employs lots of hands and such. The Siemens, GE, Mitsubishi Heavy Industries, ABB, Voight, Alsthom of this world only can sell power generating equipment in this limited market and sweet the deals. But it is not the plant itself: The generating plant is always faraway from where the consumers are and they have to build long transmission lines, substations switch gear and such ancillary systems. It's been happening in Brazil for quite a long time. Here they built a 12.000MW plant,and transmission line of 1 million-volt DC transmission line with AC/DC conversion at one end and DC/AC conversion at the other end. These infra deals keep the economy going a la Stalin: throw a lot of capital and labor in the economy.

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