With a rapidly growing economy, Vietnam is facing an increase in energy demand which is forecasted to grow 10 percent annually. The Vietnam Energy Outlook Report 2017 released by the Vietnamese government in collaboration with the Danish Energy Agency states that electricity demand is expected to grow eight percent annually until 2035.Vietnam’s economy is forecast to grow at a rate of between 6.5 and 7.5 percent per year from now until 2030 – resulting in additional demand for energy.
With the International Monetary Fund (IMF) expecting Vietnam’s economy to grow by 6.5 percent in 2019 and 2020, it is only natural that one of the region’s fastest growing countries is turning towards renewable energy to secure its energy needs.
The gears of industry would not turn if not for power. In the modern world, we have come to depend on electricity generated from traditional fossil fuel resources like coal. However, amid a global awareness of the dangers of fossil fuels to our environment, we have since embarked on a paradigm shift towards renewable energy.As a region, Southeast Asia cannot be removed from this global upheaval.
The Association of Southeast Asian Nations (ASEAN) has set an ambitious target of securing 23 percent of its primary energy from renewable sources by 2025 as energy demand in the region is expected to grow by 50 percent.
A Philippines legislator said Tuesday she has asked the senate to conduct an inquiry into the potential threat of China shutting off the country's electricity supply.A Chinese state firm has a substantial stake in the National Grid Corporation of the Philippines, which has been operating power transmission facilities since 2009.Opposition Senator Risa Hontiveros, the sponsor of the resolution calling for a senate inquiry, alleged there are reports Chinese engineers are illegally operatin
The newly-built Xayaburi dam has raised some key concerns about Lao PDR’s hydropower strategy.While hydropower is one of the country’s main exports, Lao PDR still has to import electricity.
The Thai government must suspend plans to buy electricity from a dam in Lao, conservationists said Friday, as water levels along the kingdom's section of Mekong river plummet to near-record lows.The Thai-built Xayaburi dam, a few hours from the northern Lao town of Luang Prabang, is set to be completed in October, the latest in a welter of barriers across the waterway.It has been cloaked in controversy since construction began in 2012, with environmentalists raising alarm about its likel
Cryptocurrency is a decentralised virtual currency that is deemed to be more efficient than traditional currencies because it is regulated by a community of users. The top 100 cryptocurrencies have a current market value of about US$200 billion according to CoinMarketCap, a site that provides up-to-the-minute updates for digital market data.
Ever since Myanmar undertook a series of political, economic and administrative reforms in 2011, the country’s economy has steadily improved. According to data from the Asian Development Bank (ADB), Myanmar is enjoying some of the highest growth rates in the region.
Rio Tuba, located in the Municipality of Bataraza on the island of Palawan in the Philippines is a predominantly mountainous region with roads riddled with potholes making it almost inaccessible especially during bad weather conditions.This makes it difficult for households in the area to be connected to the national grid.
Southeast Asia is a growing region with countries here averaging growth rates of 5.1 percent. This situation has rightly prompted a rise in energy demand within the region. Between 2000 and 2016, economic growth in the region spurred a 70 percent increase in primary energy demand.
Along with most Southeast Asian countries, Cambodia’s electricity consumption over the past decade has skyrocketed. In a report by the World Wildlife Fund (WWF), electricity consumption in Cambodia has been growing rapidly, averaging 20 percent growth per annum since 2010. This rate continues to accelerate as average incomes in the nation rise on the whole.Despite the growing consumption of electricity, Cambodia is one of the few countries in the region that has low access to electricity.