Philippines Power Q1 2019
Power capacity in the Philippines will expand rapidly as the government focuses on mobilising investment into themarket, in order to keep up with rapidly rising demand. The Department of Energy estimates that an additional 44.8GW of newpower capacity will be needed by 2040, from thermal sources, renewable energy and also nuclear power over the longer term. Weforecast power capacity to total 33.7GW by 2027, more than a 30% increase from 2018 levels.
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