Ever since Myanmar undertook a series of political, economic and administrative reforms in 2011, the country’s economy has steadily improved.
Southeast Asia’s energy demands are expected to increase by 60 percent in 2040 according to the International Energy Agency (IEA), with increasing electricity consumption driving up the demand for coal as well.
Southeast Asia is home to a wind energy “goldmine” just waiting to be tapped. Leading the way forward is the Philippines with an estimated technical potential of around 70 gigawatts (GW).
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.
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.
Petroleum is known as liquid gold due to its utility to various segments in society, making it a sought-after commodity the world over. ASEAN’s petroleum potential is quite impressive, with the sector positioned for further expansion in coming years.
Indonesia is one of the largest countries in the world in terms of both land area and population. Over the past five years, Indonesia’s urban population has increased by 53.5 percent, more than half of its total, according to Statistics Indonesia.
In the modern world, electricity is deemed a necessity – powering up households and businesses which in turn drives economic growth. It also makes life more comfortable and innovation possible.
Among all the 10-member states of the Association of Southeast Asian Nations (ASEAN), Myanmar lags behind in terms of electricity connectivity to the national grid.
As of 2015, out of the total population of 630 million people living in Association of Southeast Asian Nations (ASEAN) member states, 107 million do not have access to electricity.