Global Electricity Demand to Double in Next 20 Years, Actis Chairman Says

So here in the UK, energy or UAI is expected to suck up about 500 percent, 500% more energy over the next decade. In the US, data centers expects to make up 8% of the total energy needs in the US versus 3% from 2 years ago. So the demand is going to be excessive. How do you think the industry meets that demand? And to what extent is that an opportunity for you? I mean, it is a massive opportunity. But as part of the same picture in terms of growth, I mean, if you're looking at the growth on a global basis. And looking at the next day, 20 years, I mean, the electricity demand will somehow double, double. So we need to build another planet of power plants and all the associated feasible in this environment. Yeah, I think so. And I mean, but it's a massive, you know, investment challenge and opportunity. But but you think about that. And I'm saying that the electricity system, you know, everything from generation, transmission and distribution as humankind's largest investment ever. And now we're going to do that over the next, say, 20 years again. And on top of that, the existing planet needs to be decarbonized. So if you add those up, I mean, it's just almost mind boggling top of a size and numbers that that are there. So the question, you know, will all of that come through? What is the pace? But you know, if it comes in in the pace that, you know, you forecast or not, it doesn't really matter because opportunities that are that, you know, huge. And in that, as you say, the, the AI, you know, is going to pay playing, you know, very important role of that growth. National government's post pandemic, fiscally constrained budgets are under pressure. Is that a challenge for you because you need to align with public spending or is it an opportunity? It's clearly an opportunity. I mean, if you're in the markets, I mean, across Latin America. Africa, Middle East, Eastern Europe, you know, Asia where we we invest and governments, I mean the priorities of their spending, if private capital is available to help out and invest into the electricity sector and help out, you know, in the energy transition on getting renewables in their clean greener energy. I mean is great. So it's a win, win from both sides.