Precergy Managing Director Adrian John participated in a joint plenary discussion entitled “Delivering Asia’s Sustainable Power Growth: the Strategic and Technology Challenges,” held today at Power-Gen Asia, currently underway in Kuala Lumpur.
In his talk, John outlined the key challenges facing policymakers and businesses throughout power markets across the Asia region.
“When we talk of sustainable power growth and the strategic and technology challenges that Asian countries are facing, we are really talking about how countries can balance the interests of all stakeholders while ensuring timely investment in power infrastructure that underpins continued economic growth and social development,” he said.
He also said that the fuel subsidies and tariff cross-subsidization must be addressed.
The discussion then shifted to what can be expected from future technologies. “It’s difficult to envisage fundamental changes to the power industry occurring between now and 2030,” he said. “The timescale for power technologies to reach commercial-scale deployment all but rules this out. However, some of the key technology developments over the next decade and a half will undoubtedly be commercial-scale deployment of CCS technology, which will particularly support coal-rich Asian nations in meeting long-term demand growth while minimizing environmental impacts. He also named power storage as another big development.
He also suggested businesses employ a full-range of technology. “This doesn’t necessarily mean a huge shift away from large-scale technologies, but it does probably mean that adding complimentary small-scale technology to a portfolio through timely strategic acquisitions is a sensible strategy. Siemens acquisition of Rolls Royce gas turbine and compressor business earlier this year is a good example of a major equipment supplier adjusting to these emerging market dynamics.”
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