Economics  »   Economic crisis: ASEAN region's power sector set to suffer from project delays

21 October 2008 - Southeast Asia is likely to face significant power shortages as the global economic crisis makes financing of projects more problematic and prone to delays, according to a leading market analyst.

Mark Hutchinson, senior director of Cambridge Energy Research Associates' (CERA) Asian division, said that there would be no surplus of electricity in the expected forthcoming recession as happened in the Asian financial crisis of 1997/98.

Speaking at POWER-GEN Asia in Kuala Lumpur, Hutchinson said that a recession would leave ASEAN nations, in particular Indonesia and Vietnam, unable to meet its power needs to fuel economic growth ambitions due to a lack of available financial resources.

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