Southeast Asia to spend $500b on power projects in the next five years

Over 32,700 active projects will be scheduled for construction start-up.

Over the next five years (2018-2022), more than 32,700 active projects are scheduled for construction start-up, amounting to a potential investment of more than US$4.1t, according to Industrial Info Resources.

Industrial Info Resources currently is tracking more than 46,900 active projects worldwide in power generation spending, reflecting an overall investment value of more than US$6.3t. 

Asia leads the rest of the world with more than 14,800 active projects that amount to US$2.17t in investment value. East and Southeast Asia, with an investment value of $1.27t, represent more than half of the whole continent's activity in power generation spending.

In Southeast Asia, Industrial Info is tracking 3,300+ active projects that are scheduled for construction start-up over the next five years (2018-2022), reflecting potential spending of more than $505b. Indonesia leads in project activity with almost 30% of the region's total investment value.

The Philippines is second, although it has the highest number of projects, with 18.6%. Vietnam ranked third with 19.5%. Coal is still a major fuel source at 29.9% in power generation spending in the region; renewable energy leads with 49.8%.