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Industry

Energy interconnection investment in Northeast and Southeast Asia to reach USD4.8trln

October 17, 2018


Abstract : Investment for Energy Internet construction in Northeast Asia and Southeast Asia is likely to reach 2.7 trillion U.S. dollars and 2.1 trillion U.S. dollars in future, respectively, according to Liu Zhenya, Chairman with GEIDCO.

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BEIJING, Oct. 17 (Xinhua) -- Investment for energy interconnection construction in Northeast Asia and Southeast Asia is likely to reach 2.7 trillion U.S. dollars and 2.1 trillion U.S. dollars in future, respectively, according to Liu Zhenya, Chairman with Global Energy Interconnection Development and Cooperation Organization (GEIDCO) and Chairman with China Electricity Council.

Speaking at the Forum on Northeast Asia and Southeast Asia Energy Interconnection Development held on Tuesday in Beijing, Liu noted that energy interconnection construction could effectively drive energy infrastructure as well as upstream and downstream industry development, reported Shanghai Securities News.

Energy interconnection construction could secure power supply, accelerate green transformation, boost economic growth, as well as advance integrated development in Northeast Asia and Southeast Asia, according to Liu.

During the event, GEIDCO releases the report on the Northeast Asia Energy Interconnection Planning and the report on the Southeast Asia Energy Interconnection Planning. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)

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Keyword: energy-interconnection

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