Wednesday 23 October 2013

Demand for energy will double: ADB

Energy demand in Myanmar is expected to double by 2035 as economic progress continues, according to a report issued last week by the Asian Development Bank.

Energy demand is expected to rise at an annual rate of 3 percent on the heels of a growing need for electricity throughout the country, according to the regional report Energy Outlook for Asia and the Pacific.

As of 2010, energy consumption in Myanmar per capita was among the lowest in the region, at just 0.29 tonne of oil equivalent (toe), compared to a regional average of 0.92toe. The government has stated that only about 30pc of Myanmar’s population has access to electricity.

“While Myanmar is on the way to developing its potential, the country is expected to see soaring demand for electricity, which is a fundamental input to every modern economy,” the report states.

Of the total amount of energy consumed, the residential, commercial, agricultural and fisheries industries will see a decline from 82.9pc in 2010 to 64.6pc as energy will be utilised elsewhere, the report states, adding that transportation is expected to account for 23.4pc of total energy consumption in 2035.

“Income growth will boost the country’s motorisation, which entails fast growth of energy demand in the transport sector at a rate of 7.5pc per year,” it continues.

source: The Myanmar Times
http://www.mmtimes.com/index.php/business/8508-demand-for-energy-will-double-adb.html 

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...