OTHER NEWS 31 Oct 2017
Pöyry shares its power sector expertise in solutions and innovations seminar; role of energy in Southeast Asia economic growth discussed
Last week, Pöyry held a seminar covering current issues in the Philippine power sector as well as solutions that can be explored to support future growth. The event, Pöyry Energy Day Philippines: Solutions and Innovations for the Next Wave, was attended by power facility owners, developers, and financial institutions.
Photo caption: Nicky Gemperle, President of Pöyry Energy Inc (Philippines) running through the agenda of the day to over 170 participants made up of power facility owners, developers, and financial institutions.
Guest presenters included respected Philippine economist and professor Dr. Bernardo Villegas who gave an overview of the electric power industry and its relationship with the overall Philippine economy. Chairman of the National Renewable Energy Board Atty. Jay Layug, tackled details of Feed-In Tariffs (FIT), Concentrated Solar Power (CSP) and Retail Competition and Open Access (RCOA).
Regional growth was one of the core topics, with particular focus on how the ASEAN Economic Community will assume growth leadership together with India and Sri Lanka.
“BRICS is no longer as exciting when Goldman Sachs introduced it a while ago. But the new kid on the block is the ASEAN countries,” said Dr. Bernardo Villegas, economist and professor at the University of Asia and the Pacific, and one of the 9 distinguished speakers of the conference.
This is supported by data from the World Economic Outlook Database (October 2016), highlighting that the ASEAN 5 (Indonesia, Malaysia, Philippines, Thailand, and Vietnam) are placed 9th among the most powerful countries in the world. The Philippines is said to have the fastest growing economy in the region by 2018.
Large scale power generation is needed
Hand in hand with economic progress is the significant power demand growth to serve the region especially for emerging and more advanced emerging countries. Generation capacity increase is critical and therefore large scale power generation is needed.
With a population who at present has a limited spending power and significant pressure to keep the electricity tariff low, thermal power will continue to be the largest power source in the region.
Solar and wind power technology will continue developing and reduce in cost, and will continue gaining market share, but coal fired power generation is still expected to be the biggest source of new power generation in South East Asia over the next 10 years, as it represents the lowest cost base load power generation,” shared Petteri Harkki, Managing Director, Pöyry Thailand.
“Any new coal fired power plants must be designed with the environment in mind, reducing emissions and as efficient as possible, using the best cost-effective commercially available technology which in larger unit size means ultrasupercritical technology,” Harkki added.
“The combination of solar PV and battery storage is one of the most interesting new technologies being developed at the moment, and the competitiveness of this solution is expected to improve rapidly over the coming years,” commented Alistair Duffy, Manager of Energy Consulting in Pöyry Philippines. Alastair also shared initial results of Pöyry’s new study on the competitiveness of solar PV + battery storage with the audience.
Other opportunities on power generation were also shared by global Pöyry experts particularly on battery storage, municipal waste power generation, and hydro power plants.
For further information:
Pöyry Energy, Inc. (Philippines)
Did you know?
- Pöyry has been powering Asia for over 50 years
- Pöyry is one of the largest power sector consulting engineering companies in Southeast Asia, involved in over 30,000 MW of on-going thermal, hydro and renewable energy projects in the region
- Pöyry is involved in more than 60% of the on-going power projects in the Philippines
Pöyry is an international consulting and engineering company that delivers smart solutions across power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation and water. Pöyry’s net sales in 2016 were EUR 530 million. The company’s shares are quoted on Nasdaq Helsinki (POY1V). Approximately, Pöyry has 5500 experts. 40 countries. 130 offices.