.JPG "China’s industrial energy use dips 1% in April")
Investors needed for Asia’s $10T energy projects
ADB is hopeful that Asia can get US$ 10 trillion to finance sustainable energy projects over the next 20 years.
According to the Channel News Asia, the projects will include more efficient use of coal and oil as well as greater reliance on renewable power sources such as wind and solar energy.
However, the Asian Development Bank or ADB said that such projects will need more support from private investors.
"When you talk to the private investors, they look at emerging markets and their emerging market ends in places like Korea or China, whereas there's a huge market beyond those countries and our objective is to bring in more resources to those countries as well. So I'm pretty optimistic that it can be done but right now we're still a long way off in terms of achieving enough leverage from private sector investors," said Woochong Um, Deputy Director General of Regional & Sustainable Development with the ADB.
The ADB said this is because investors perceive such projects as highly risky.
.JPG "China’s industrial energy use dips 1% in April")
.JPG "China’s industrial energy use dips 1% in April")
ABB continues to strengthen the Symphony Plus platform with features and functionalities that meet the needs of a varied and changing power and water market.
The industry giant forays into the Mainland with the introduction of the turbocharged 6-cylinder 4006-23TRS gas engine.
Last December Alstom Grid announced it had acquired Canadian Smart Grid technology company ASAT Solutions - a strategic move to offer integrated substation data management solutions for utilities and industrial customers worldwide.
Modularity of hardware and software to meet the changing and individual requirements of modern grids during the whole life cycle
Following a trial phase with various grid operators, Siemens Smart Grid has brought the new protection device series Siprotec 5 onto the market.
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