Implementation of Power Sector Reforms Essential to Drive Investments in 2014, says Frost & Sullivan

Implementation of Power Sector ReformsImplementation of Power Sector Reforms Essential to Drive Investments in 2014, says Frost & Sullivan PR Newswire SINGAPORE, Jan. 22, 2014 ~Frost & Sullivan's Top Five Predictions for Power Generation and Renewable Energy in the Asia Pacific for 2014 ~ Buoyant peak power demand, favorable coal prices and a resurgent Southeast Asian economy are likely to drive investments in the Asia Pacific power generation industry for 2014. 2014: Peak Power Demand Remains Buoyant due to Sustained Economic Growth The rising electricity demand is likely to augment power generation in the Asia Pacific (APAC) region by 4.1% in 2014. As per the IMF's outlook, Indonesia, Malaysia, The Philippines, Thailand and Vietnam are forecasted to register a combined GDP growth of 5.7% in 2014. The growth will be driven by rising domestic consumption, credit expansion and rising middle class income. 2014: Coal will be the fuel of choice in Asia, but international financing options are restricted "Coal will remain the fuel of choice even in 2014, due to a combination of low prices and abundant availability. Furthermore, the low natural gas prices in the US have led to a rapid increase in US coal exports to Asia," noted Ravi Krishnaswamy, Vice-President for the Energy & Environment Practice, Frost & Sullivan Asia Pacific.