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EEI’s International Programs Release New Book on Financing Asia's Electric Power Industry for 2035
WASHINGTON (November 2, 2016) – The Edison Electric Institute’s (EEI’s) International Programs released a new book, Financing Asia’s Electricity Sector 2035: Making It Happen, featuring 20 essays from leading experts on the outlook and opportunities for energy in Asia. The book was released at EEI’s Asian Energy Financial and Investment Conference, held during Singapore International Energy Week. 

“This book provides a forward-thinking, focused, and, at times, provocative review of the current Asian energy investment climate, which clearly demonstrates new challenges in building and maintaining Asia’s electricity infrastructure,” said EEI President Tom Kuhn. “I want to thank the authors for their time and support, as their knowledge and perspectives are essential to better understanding the current and emerging dynamics of financing energy in Asia.”

Across four sections, the essays in the book capture the most current informed thinking, experience, and perspectives about the challenges, intricacies, and opportunities associated with financing Asia’s electric power industry.

In Part I, The Big Picture: Energy in Asia and the World, four essays probe the current state and future outlook for energy in Asia, emphasizing the reality that how Asia meets growing demand will determine whether the global aims of the COP21 Paris Agreement can be achieved. The remaining essays explore bold visions and provide critical insights on the role of innovation in steering a clean energy transition for Asia’s electric power industry regionally, nationally, and at the electric company level.

The essays in Part II, A Clean Energy Future for Asia, focus on the importance of maintaining a balanced energy mix in Asia’s energy future. The contributions examine different future scenarios that involve both renewable and conventional generation, as well as a hybrid mix of centralized and decentralized power supply systems. The geopolitical dimensions of achieving energy security are discussed within the context of the Asia-Pacific region.

Part III, Electric Power Industry Reform: Attracting and Sustaining Investment, drives home the point that the lack of sound, realistic energy policies and stable regulatory regimes has been a major impediment to financing energy infrastructure, not only in Asia but around the world. In response, various governments have attempted to undertake different reforms. The five essays in the section offer perspectives, including lessons learned, on electric power industry reforms in India, Japan, and the Philippines, as well as at the regional level.

Finally, in Part IV, Pathways to Capitalizing Asia's Electricity Infrastructure, the essays explore different mechanisms and instruments to access and leverage capital for investment in electricity. Leading international and regional financial institutions put forth multiple options available to governments, energy companies, and project developers.

Below are excerpts from several of the essays in the book:

"The need to strengthen the power infrastructure is one major challenge facing Asia: over 450 million people in Asia-Pacific still do not have access to energy. There is also much scope to enhance power connectivity, which will improve the resilience of the region’s power system. All this will require substantial investment: according to the International Energy Agency (IEA), Southeast Asia alone will require about USD 1.3 trillion to meet power demand until 2040. Financing for energy infrastructure is a critical gap." – Ng Wai Choong, Chief Executive, Energy Market Authority of Singapore

“It is important to realize that regional cooperation is a win-win for all the countries in South Asia. It will catalyze rapid power sector development for the benefit of its populations and allow rapid electrification of rural and underprivileged households. Regional cooperation also will improve security and reliability of supply, and minimize power shortages. For this to happen, it is vital to overcome the critical barriers at the beginning; once started, regional energy system development will automatically take its course.” 
Priyantha D.C. Wijayatunga, Ph.D., Principal Energy Specialist, Sustainable Development and Climate Change Department, Asian Development Bank

“Access to clean, reliable, and affordable electricity is key to fueling economic growth and prosperity throughout Asia, but that simple statement reflects a remarkably complex challenge. The region comprises a diverse mix of countries that share some common attributes, but each has a unique set of local conditions: e.g., population demographic, geography, natural resources, climate, and economic structure. The same is true for energy sectors in Asia: diversity is the norm. Looking specifically at the electricity sectors in these countries, the underlying infrastructures are at different levels of maturity, and each one is undergoing sector transformation in response to different drivers, including the burgeoning middle class and the global bid to transition to a low-carbon economy. Meeting growing energy demand while reducing energy-related environmental impacts implies a massive transformation. Achieving these development and climate goals requires significant investments—and quickly.” 
Lawrence E. Jones, Ph.D., Vice President, International Programs, Edison Electric Institute

The book is available here.

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