The power sector is fundamental to the energy outlook for Southeast Asia. The demand for power is projected to grow faster than any other final form of energy, accounting for 58% of growth in total demand. The Association of Southeast Asian Nations (ASEAN) needs to add 354 gigawatts of additional capacity for power generation by 2040, which more than doubles today’s capacity and calls for investments of USD 618 billion in generation and USD 690 billion in the transmission and distribution of this power.
The report, “Development Prospects of the ASEAN Power Sector: Towards an Integrated Electricity Market,” was presented and launched during the ASEAN-International Energy Agency (IEA) meeting in Kuala Lumpur last September. The report is the final output of the joint ASEAN, IEA and AADCP II initiative to provide guidance to policy makers in response to the demands for establishing and strengthening the necessary institutions and frameworks for such electricity systems.