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Economy

ASEAN needs to double power capacity in less than 20 years

Meeting demand will take $500 billion worth of new generation facilities

Coal will remain the main source of power generation in ASEAN in the coming decades, says Wood Mackenzie analyst Edi Saputra.   © Reuters

TOKYO -- ASEAN needs to more than double its power capacity in less than 20 years to meet burgeoning demand. British energy research and consultancy group Wood Mackenzie reported last week that the region requires $500 billion worth of investment to achieve such a goal.

ASEAN, whose current combined GDP is around $2.8 trillion, needs to construct an additional 270 gigawatts of generating capacity by 2035. Current capacity is 209GW.

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