The CEO of Suez feared a risk of power shortage

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Asked about the reality of a risk of power shortage by Capital magazine, Gerard Mestrallet said there is a risk of power shortage "if nothing is done."

"Since 20 years, there have not been enough units built in Europe. In France, for example, consumption has increased by 3% per year since 2003, ie 3.000 MW, "he said.
"After living in the illusion that nuclear power has created overcapacities, experts today recognize for the first time that we run the risk of running out of power from 2008," he says.
"Everything contributes," said Mestrallet, who cites the planned shutdown of German nuclear power and the decline of oil deposits in the North Sea. "Europe will no longer have oil or gas in the medium term and will have to import almost all of its fossil fuels," he says.
Mr. Mestrallet notes that "the supply of electricity is already stretched in certain regions like Brittany and the south of France".

According to him, the responsibility lies with the European Commission which "has so far focused on opening up competition and has not been interested in energy supply prospects and interconnections between countries" .
The boss of Suez advocates to "invest quickly and massively in new energy production capabilities", to remain competitive.



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