Frost & Sullivan: Asian Power Utilities – Smart Responses to Tough Conditions?
Frost & Sullivan’s Energy & Power Systems Practice will host an analyst briefing via webinar on Asian Power Utilities – Smart Responses to Tough Conditions? on Thursday, May 28th 2009, at 14:00 hrs (GMT+08:00hrs) Singapore time.
Year 2009 is slowly changing the rules of the game across various industries; the energy & power industry is not an exception. On one hand, the global financial crisis has made project financing a difficult task.
On the other, it has brought down the average cost of power plant construction projects. At the same time, several governments in APAC announced further support for development of the green energy sources, including Taiwan’s commitment to invest in green energy R&D and the increasing renewable energy focus of China’s government. So what has been the response from Asia’s regional utilities and Independent Power Producers (IPPs)? Project pipeline reviews for some, while others are still going forward with the plans and trying to secure loans from the local as well as international banks and governments.
Highlights of the briefing include analyses of the effects of the crisis on the Asian countries; governments’ responses, especially in terms of support for the energy industry; and update of the energy utilities plans for upcoming investments in power generation facilities. We will also provide an update of related and upcoming research and provide an opportunity for a question and answer session with the analyst.
Program Manager, Energy & Power Systems Practice of Frost & Sullivan, Irina Sidneva, observes, “The turmoil in the global financial markets and its cascading effect on economies has had its share of impact on the Asian power sector, resulting in postponement of some power projects and revisiting the feasibility for few others. However, the sector has shown some signs of resilience owing to stimulus packages and policy initiatives. There are also sweet spots in terms of geographic markets and industry segments that will demonstrate positive growth, including green energy and energy efficiency.”
This briefing will benefit project developers, equipment and component manufacturers, and potential investors, by discussing the Asian power generation utilities responses to the recent changes in macroeconomic environment in the region.
Source: Frost & Sullivan