https://www.bloomberg.com/news/articles/2019-10-22/coal-fired-generation-growth-stalls-in-southeast-asia-report
[graph in online article]
Coal-Fired Power Plant Construction Stalls in Southeast Asia, Report Says
By James Thornhill
October 22, 2019
Construction of coal-fired power plants in Southeast Asia has slowed
significantly since 2016, with only Indonesia starting any new stations
in the first half of this year, according to a report by Global Energy
Monitor.
The region, which has been targeted as a growth center in coming years
for coal-fired power, saw 1,500 megawatts of capacity enter construction
in the first six months of 2019, following 2,744 megawatts over the
whole of 2018, according to the report, which is based on information
from public sources, such as media articles and information from
non-government agencies. That compares with a peak of 12,920 megawatts
in 2016, it said.
Construction starts are a strong indicator of the strength of the coal
power pipeline, said Ted Nace, executive director of GEM, which is
funded by a range of climate change advocacy groups. “To go into
construction you have to get someone to commit hundreds of millions of
dollars. In Southeast Asia, it looks like it’s becoming a difficult case
to convince people to commit that kind of money,” Nace said.
The amount of coal plant capacity in the pre-construction stage has more
than halved since 2015, GEM said in the report. With renewable energy
increasingly undercutting coal on price and financial institutions
backing away from the fuel, it’s likely that much of that
pre-construction pipeline was canceled rather than implemented, the
report’s authors said.
Southeast Asia has been seen as a potential growth market for big
thermal coal producers such as Australia and Indonesia as other parts of
the world move toward cleaner energy. The International Energy Agency
has forecast coal-fired generation in the region to grow by around a
third over the next five years to meet strong electricity demand growth.
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