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To: Nello Filippone who wrote (87390)	2/16/2001 9:02:42 AM
From: Tomas	Read Replies (1) \| Respond to of 95453

Southeast Asia: Energy sector needs US$180 billion investment over 10 years Singapore Times, February 15 SINGAPORE - Southeast Asia needs nearly US$180 billion in investments over the next 10 years to fully develop its energy sector, a conference was told today. Investment opportunities lay in power generation, renewable energy and the development of a natural gas pipeline to traverse the 10 countries comprising the Association of Southeast Asian Nations (Asean), an expert told the gathering. Guillermo Balce, executive director of the Asean Centre for Energy, said the region's energy needs will grow by 58.8 percent to 581.37 million tonnes of oil equivalent (MTOE) in 2010 from 366.01 MTOE this year. Indonesia's requirements alone will grow by 89.6 percent, he said. Despite efforts to lessen dependence, oil will continue to play a dominant role in the energy mix for the region, accounting for 56-57 percent of the total, Mr Balce said. Oil demand is projected to increase by 62.4 percent from this year to 334.02 MTOE by 2010. Demand for natural gas, a cheaper and cleaner alternative for the oil-importing region, is to rise at a slower rate of 29.74 percent. "The total amount of investment that may be required for the next 10 years in Southeast Asia is about US$180 billion," he told the conference on opportunities in the sector in Asean organised by Singapore Power. "This is enough business for each one of us in this room, granting that each of us could raise half a billion US dollars to invest in the various aspects of the energy industry in Southeast Asia." Power generation alone would require investments of US$87.5 billion by 2010 with installed power capacity for the region seen to grow nearly 50 percent to 142,273.2 megawatts, Mr Balce said.