Fewer are concerned over investment uncertainty in Asia's electric industry

24.6% cited it as the most challenging issue in the electric industry, a drop from 37.1% in 2020.

Some 24.6% of industry professionals cited the uncertainty of investments as amongst the most challenging issues in the electric industry in Asia, a report found.

This is a drop from 37.1% in 2020, which signals optimism over investments, Black & Veatch said in its 2022 Asia Electric Report.

Moreover, the industry is also less challenged by concerns over the access to capital investment with sentiment unchanged at 14% in 2021.

“Access to capital did not register as a major concern amongst the most perplexing issues. This suggests that although the nature of investments may require greater certainty, the availability of funds is not a major stumbling block,” Harry Harji, Associate Vice President for Black & Veatch’s management consulting business in Asia, said.

“Another cause for overall optimism is reduced anxiety around investment.”

The report surveyed 57 senior electric industry professionals throughout East Asia, South Asia and Southeast Asia.

Moreover, Black & Veatch also found that 82% agreed that more capital are being directed to clean energy, of which 50% answered “strongly agree” whilst the other 32% responded with “somewhat agree.”

Around 2% said they “somewhat disagree” and the other 16% said they “neither agree nor disagree.”