Power-Gen Asia Shines Light on Booming Energy Market
Written by Brock Ramey, Power Specialist for Industrial Info Resources--Power-Gen Asia, which ran September 18-22 in Bangkok, Thailand, showed Southeast Asia to be among the fastest-growing markets in the Power Industry. More than 10,000 attendees attended the trade show at the Bangkok International Trade and Exposition Center.
Natural gas was among the most widely discussed topics at Power-Gen Asia. Companies such as Wärtsilä Corporation, IH Corporation, Ansaldo Energia, Siemens and Sumitomo Corporation held presentations on design, efficiency and implementation, and looked at the integration of their technologies in disciplines such as microgrids, industrial energy production and off-grid utilization. In addition, countries such as the Philippines, Malaysia and South Korea are seeing a stronger push for natural gas ingratiation. Industrial Info is tracking about 171 GW of generation that is planned, engineered or under construction throughout the Asian markets, as well as maintenance-related projects.
Nuclear and coal-fired generation have been flagging in the U.S., but some Asian and Middle Eastern countries are seeing development, including the United Arab Emirates, Egypt, Japan, Oman, Saudi Arabia, Thailand and India. Discussions at Power-Gen Asia ranged from pressurized water reactors to pulverized coal-fired generation, from small modular reactors to clean technologies. Attendees also looked into the maintenance and operations of existing assets. Companies like Sulzer, Environment One Corporation, Howden Corporation and Parker were well-versed in the needs facing nuclear and coal-fired power.
Industrial Info is tracking about 2,670 outages in the Asian aftermarket for the next 24 months. The need for maintenance can be found in the nuclear, coal, natural gas and renewable sectors.
Discussions also covered topics such as Indonesia's new feed-in tariffs (FIT) for renewable energy. Indonesia has been working hard to implement new generation sources, but has met many challenges and delays. Currently, the country expects to have about 35 gigawatts (GW) of generation online or under construction by 2019. The new FIT program offers a project payment schedule that takes some to unravel, since it moves with exchange rates, but follows Indonesia's push to make renewable energy at least 23% of its portfolio by 2025. Industrial Info is tracking 10,577 renewable energy projects worth more than $1 trillion in this region.
Several million people in the Asian region still are without electrical power, and countries are aggressively pursuing solutions. But the potential for growth in renewable energy, energy storage, microgrids and conventional generation projects is rising throughout Asia, and Industrial Info believes it will be a top destination for equipment and service providers for years to come.
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