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In the face of relatively inflexible supply options, the gap between energy requirement and availability can only be expected to widen in the future. This gap raises serious concerns, not only about the country's energy security but also on the sustainability of its economic growth momentum. On a more micro-level, the shortage could lead to rising incidence of power outages and greater import dependency on fossil fuels such as crude oil and coal. Let us first take a look at where we stand in terms of overall investment achievement in the energy sector. The World Bank has estimated the minimal annual investment needed for energy and related infrastructure at about 5 per cent of the GDP...
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