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Independent Power Plant (IPP) Market in South and Southeast Asia, Trends in 2017

Independent Power Plant (IPP) Market in South and Southeast Asia, Trends in 2017

Developing Asia, which has significant peak power shortages and substantial electrification gaps, offers abundant opportunities for private developers or Independent Power Producers (IPPs). A massive 184.4GW of expected IPP capacity additions between 2015 and 2020, makes it perhaps the largest region for new-build power plants. With the cooling down of the Chinese economy, developing Asia offers the most attractive growth opportunity for IPP companies and investors.

Increasing energy demand due to economic growth and increase in population and urbanization have necessitated the governments of all countries to develop policies that open up the power generation sector to attract private investments. The implementation of these policies and actual investments have had varying levels of success. Many of these policies have evolved over the years, through amendments made after past mistakes and controversies as in the case of India and Indonesia. Countries such as Malaysia, the Philippines, and Thailand have had a relatively uninterrupted IPP market development, but not without criticism that these countries patronize a select few local conglomerates.

Some countries such as India, the Philippines, Thailand, and Bangladesh have unbundled the traditional monopolistic electricity markets into separate generation, transmission and distribution companies, since the beginning of this century. They have set up independent regulatory and planning agencies outside the remit of incumbent utilities. While others such as Malaysia, Indonesia, and Laos have not unbundled their monopolies but are fairly mature IPP markets because of private investment in power generation for nearly two decades. Other countries have a fledgling power sector under the high investment risk category and hence, are struggling to attract investment.

Despite current economic conditions, the IPP market growth outlook is still optimistic, considering that South Asia and many of these Southeast Asian countries are expected to have some of the highest GDP growth rates in the world. Governments are putting in place policy frameworks and institutional mechanisms to attract investment and facilitate the development of IPPs to power their growth.

This IPP market study covers Southeast Asia and South Asia. Countries included in Southeast Asia are Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Thailand, and Vietnam. South Asian countries include Bangladesh, India, and Sri Lanka.

Key Questions This Study Will Answer
What are power sector structures like in Asia? What are the energy mixes in these countries?
What is the forecast of IPP installed capacity growth in Asia?
What are the upcoming IPP projects and which market participants are involved in them?
What are the market risks in each country for IPP development?


  • Executive Summary
    • Key Findings
  • Introduction
    • Research Scope
    • Definitions
    • Key Questions This Study Will Answer
  • Cambodia
    • Power Sector Structure
    • Market Dynamics
    • Installed Capacity Forecast
      • Table Energy Mix Forecast by Installed Capacity, Cambodia, 2015, 2020, and 2030
    • Future IPP Projects in Cambodia
    • Country Risk Analysis
  • Indonesia
    • Power Sector Structure
    • Market Dynamics
    • Installed Capacity Forecast
      • Table Energy Mix Forecast by Installed Capacity, Indonesia, 2015, 2020, and 2025
    • Upcoming Top 10 IPP Projects in Indonesia
    • Country Risk Analysis
  • Laos
    • Power Sector Structure
    • Market Dynamics
    • Installed Capacity Forecast
      • Table Energy Mix Forecast by Installed Capacity, Laos, 2015 and 2020
    • Upcoming Top 10 IPP Projects in Laos
    • Country Risk Analysis
  • Malaysia
    • Power Sector Structure
    • Market Dynamics
    • Installed Capacity Forecast
      • Table Energy Mix Forecast by Installed Capacity, Malaysia, 2015, 2020, and 2025
    • Upcoming Top 10 IPP Projects in Malaysia
    • Country Risk Analysis
  • Myanmar
    • Power Sector Structure
    • Market Dynamics
    • Installed Capacity Forecast
      • Table Energy Mix Forecast by Installed Capacity, Myanmar, 2015-2030
    • Upcoming Top 10 IPP Projects in Myanmar
    • Country Risk Analysis
  • The Philippines
    • Power Sector Structure
    • Market Dynamics
    • Installed Capacity Forecast
      • Table Energy Mix Forecast by Installed Capacity, The Philippines, 2015, 2022, and 2028
    • Upcoming Top 10 IPP Projects in The Philippines
    • Country Risk Analysis
  • Thailand
    • Power Sector Structure
    • Market Dynamics
    • Installed Capacity Forecast
      • Table Energy Mix Forecast by Installed Capacity, Thailand, 2015-2035
    • Upcoming Top 10 IPP Projects in Thailand
    • Country Risk Analysis
  • Vietnam
    • Power Sector Structure
    • Market Dynamics
    • Installed Capacity Forecast
      • Table Energy Mix Forecast by Installed Capacity, Vietnam, 2015, 2020, and 2030
    • Upcoming Top 10 IPP Projects in Vietnam
    • Country Risk Analysis
  • Bangladesh
    • Power Sector Structure
    • Market Dynamics
    • Installed Capacity Forecast
      • Table Energy Mix Forecast by Installed Capacity, Bangladesh, 2015-2030
    • Upcoming Top 10 IPP Projects in Bangladesh
    • Country Risk Analysis
  • India
    • Power Sector Structure
    • Market Dynamics
    • Installed Capacity Forecast
      • Table Energy Mix Forecast by Installed Capacity, India, 2015, 2020, 2025, and 2030
    • Upcoming Top 10 IPP Plants In India
    • Country Risk Analysis
  • Sri Lanka
    • Power Sector Structure
    • Market Dynamics
    • Installed Capacity Forecast
      • Table Energy Mix Forecast by Installed Capacity, Sri Lanka, 2015-2030
    • Upcoming IPP Projects in Sri Lanka
    • Country Risk Analysis
  • Growth Opportunities and Call to Action
    • Growth Opportunity-Market Ripe for IPP Expansion
    • Expansion Opportunities for IPPs in Southeast Asia
      • Table IPP Market: Installed Capacity Forecast, Southeast Asia, 2015, 2020, and 2030
    • Expansion Opportunities for IPPs in South Asia
      • Table IPP Market: Installed Capacity Forecast, South Asia, 2015, 2020, and 2025
    • Strategic Imperatives for Success and Growth
  • Conclusion
    • Last Words
  • Appendix
    • Example of IPP Market Participants*

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