Page 11 - AsiaElec Week 25

AsiaElec
NEWS IN BRIEF
AsiaElec
R E N E W A B L E S
Electricity demand in Western Australia set to fall
In its latest report on the southwest wholesale electricity market, the Australian Energy Market Operator (AEMO) said it was no longer expecting the use of power drawn from the grid to increase as Western Australia’s population grew.
Instead, AEMO said it was forecasting demand — or “operational consumption” — to fall almost 4 per cent between 2019–20 and 2027–28, bucking long-held assumptions that link power use to an economy’s size.
At the heart of the operator’s latest forecast is the “extraordinary” take-up of roo op solar power, with more than one in four homes
in the south-west grid now having a solar system.
AEMO said the proportion of households expected to have a solar panel installation would exceed 50 per cent within a decade, while the amount of roo op solar capacity would rocket from about 1,100 MW to 2,500 MW.
is would make roo op, or distributed, solar the biggest source of capacity in the grid by far when taken in combination.
By contrast, the system’s biggest stand- alone generator, the Muja coal- red power
plant in Collie, has a nameplate capacity of 810 MW. e forecast of a fall in consumption comes a er years of so ness in demand driven by households and businesses using increasingly e cient appliances and installing solar panels.
AEMO said since 2010–11, “total operational consumption” had risen by an average of just 0.1 per cent.
Crucially, consumption among residential and business customers had been falling over the same period at an annual rate of 1.6 per cent and 1.5 per cent respectively.
R E N E W A B L E S
Pacifico Energy opens 40-
MW Mui Ne solar plant in
Vietnam
Paci co Energy, an Asia based developer of renewable energy, has started operations at the 40 MWp Mui Ne Solar Power Plant in Phan iet city.
Construction of the plant commenced on October 12, 2018 over a 38 hectare area and will generate approximately 68 million kWh of electricity annually, reducing CO2 emissions by 55,447 tonnes each year.
Vietnam Electricity Corporation will purchase all of the electricity generated from the plant for a period of 20 years at $0.0935 per kWh.
Dragon Capital Group, who is now Vietnam’s longest established asset manager with $3bn under management, is Paci co Energy Vietnam’s strategic partner for this project. Orient Commercial Joint Stock Bank (OCB) is providing long term non-recourse project nancing and Paci co Energy will provide long-term asset management services.
e Engineering-Procurement- Construction Contractor was TTCL Vietnam Corporation Limited (TVC), a subsidiary of TTCL Public Company Limited, originally formed as a Joint-venture between two leading engineering companies from Japan
& ailand, whom now has more than 20 years of experience as an EPC Contractor in Vietnam and throughout Asia.
“We are proud to be one of the rst international developers to complete a renewable energy power plant in Vietnam and meet the needs of its people and growing economy for clean energy. At this time Vietnam is a very vibrant and exciting place to be and we hope to continue developing clean renewable energy for the further growth of this county.”
PACIFICO ENERGY
Week 25 25•June•2019
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