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Frost & Sullivan: Opportunities in Emerging Economies to Offset Declining Prospects for Coal-Fired Power across Mature Geographies

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Frost & Sullivan: Opportunities in Emerging Economies to Offset Declining Prospects for Coal-Fired Power across Mature Geographies PR Newswire LONDON, June 28, 2012 - Global demand for coal-fired power generation will be fuelled primarily by China and India LONDON, June 28, 2012 /PRNewswire/ -- Over the next 25 years, the world will become significantly more dependent on electricity produced from various sources, including coal, to meet its energy needs. Global electricity generation is expected to grow from 21,224 Terawatt hours (TWh) in 2010 to 33,370 TWh in 2030. Coal will continue to hold an increasing share in the energy mix of emerging countries since it is one of the most affordable sources of energy with abundant reserves across the world and particular concentration in the United States, Russia, China, Australia and India. New analysis from Frost & Sullivan (http://www.energy.frost.com), Global Prospects for Coal-Fired Power Generation, finds that China is expected to have unprecedented growth with about 945 GW and 1,040 GW of total coal- fired capacity in 2020 and 2030, respectively. India, on the other hand, will have 201 GW and 267 GW of coal capacity in 2020 and 2030, respectively. Domestic power demand and capacity shortages will be the key market drivers for both countries.
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Frost & Sullivan: Opportunities in Emerging
Economies to Offset Declining Prospects for
Coal-Fired Power across Mature Geographies
PR Newswire
LONDON, June 28, 2012
- Global demand for coal-fired power generation will be fuelled
primarily by China and India
LONDON
,
June 28, 2012
/PRNewswire/ -- Over the next 25 years, the world will
become significantly more dependent on electricity produced from various
sources, including coal, to meet its energy needs. Global electricity generation
is expected to grow from 21,224 Terawatt hours (TWh) in 2010 to 33,370 TWh
in 2030. Coal will continue to hold an increasing share in the energy mix of
emerging countries since it is one of the most affordable sources of energy
with abundant reserves across the world and particular concentration in
the
United States
,
Russia
,
China
,
Australia
and
India
.
New analysis from Frost & Sullivan (http://www.energy.frost.com),
Global
Prospects for Coal-Fired Power Generation
, finds that
China
is expected
to have unprecedented growth with about 945 GW and 1,040 GW of total coal-
fired capacity in 2020 and 2030, respectively.
India
, on the other hand, will
have 201 GW and 267 GW of coal capacity in 2020 and 2030, respectively.
Domestic power demand and capacity shortages will be the key market drivers
for both countries.
"
North America
and the European Union will continue to be key markets for
coal due to large units of capacity decommissioning, which means large MW
capacity orders as replacements," noted Frost & Sullivan Industry Director
Harald Thaler. "However, prospects for coal-fired power generation in
Europe
and
North America
are currently looking bleak due to the threat of tougher
regulations, uncertainties over future carbon prices and the development of
carbon capture and storage (CCS), rising engineering procurement and
construction (EPC) costs, and low gas prices."
These factors deter investors from investing in new plants across
North
America
and the EU. In
Asia
, the opposite trend can be observed, with massive
investments continuing in new plants with substantial potential for major
upgrades to existing plants, some of which are less than a decade old. The coal
boom in
Asia
is projected to continue for the next decade.
"
China
,
India
, and the rest of
Asia
are the key focus areas for coal-fired
investment in the coming decade," explained Thaler. "Strong projected
electricity demand growth and low production costs make the region attractive
for both domestic and global participants."
Indonesia
and
Vietnam
will emerge as major countries fuelling demand for
coal-fired generation.
Japan
and Korea will offer limited prospects while
Australia
, which is rich in fossil fuel, will experience strong growth. Increasing
domestic demand and need to replace ageing capacity will accelerate demand
in
Russia
as well. However, reliance on gas and oil in the
Middle East
, on
hydroelectric power in
South America
and poor infrastructure and political