Asia Hosts 1.5 Terawatts of Planned New Power Generation Projects
Industrial Info is tracking more than 1.5 terawatts of capital power projects in construction or in development in Asia, with coal-fed projects leading the way.
Britt Burt, Industrial Info's vice president of global research for the Electric Power Industry, recently hosted a webinar regarding the Asia power market. Industrial Info is tracking more than 566 gigawatts (GW) of power capacity that is under construction in Asia, and more than 1 terawatt of power capacity in development, with construction kickoffs from September 2016 to the end of 2019.
Those numbers include more than 271 GW of new-build, coal-fed power capacity that is under construction.
Burt said: “The amount of coal capacity being built in the U.S. and Europe [is not] on a grand scale, but in Asia, coal is very active in places like China, certainly, India and Southeast Asia as well.”
The region is also seeing a strong trend in new-build, natural gas-fed projects, Burt noted, with 92 GW of gas-fed power capacity under construction, and 183 GW of capacity under development through 2019. Renewable and nuclear energy projects also make a strong showing in the region.
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