Is your business ready?
The World Economic Forum on ASEAN took place in Kuala Lumpur at the start of June, an event designed to understand the sweeping changes which face our world. At its heart were three principles:
- Driving Sustainable Growth and Social Inclusion
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Two hours and fifty-four minutes. That’s how long it took a plane to fly from Yangon, Myanmar to Singapore in August 2015. A short flight by some standards, it was barely long enough to watch a movie or read a magazine. Although it may not seem like much, this flight was a historic moment for Myanmar.
ASEAN is home to over 600 million people and is one of the fastest growing economic regions in the world. With a projected growth of 4 to 6 per cent in the coming years, how can ASEAN grow without having the proper energy infrastructure?
However, the power industry faces a complex set of challenges – it needs to extend electricity access, provide sufficient power to support existing grid infrastructure, ensure environmental sustainability and improve efficiency across an increasingly multi-dimensional energy value chain.
