The Conversation (0)
Coal to Dominate Over Gas as Fuel for Power in Southeast Asia
May. 12, 2011 06:32AM PST
Industrial Metals InvestingPlatts reported that the need for increased power capacity in Southeast Asia will boost demand for coal.
Platts reported that the need for increased power capacity in Southeast Asia will boost demand for coal.
The market news is quoted as saying:
Wood Mackenzie forecasts Southeast Asia’s aggregate GDP to grow at 5.2% annually over the next decade. This compares to the global average of 3.5%. As a result, power demand is expected to triple, representing a need for an additional 190 GW of generating capacity by 2030.