Company marks 50 years of powering Asia by sharing insights at major industry conference
The global power industry is experiencing an unprecedented period of transformation, a shift acutely felt in the developing nations of Asia where providers are tasked to meet growing demands for reliable and affordable power. These shifts will be center stage as Black & Veatch celebrates 50 years of powering Asia at PowerGEN Asia September 19-21 in Bangkok.
“Power utilities and developers face many challenges with today’s energy transition – regulatory uncertainties, integration of distributed energy resources and the emergence of new technologies, competition and business models. They are managing these pressures while reliability and resilience remain critical cornerstones and their ability to increase investment is constrained by economic realities.”
Jim Schnieders, Senior Vice President and Managing Director, Black & Veatch's EPC Power business
Disruptive forces are compounded in Asia and other developing regions as major urban and class transitions call for greater generation capacity alongside sensitivity to rate increases. To keep up with projected demand increases, investment needed in power infrastructure in Southeast Asia alone is estimated at more than US$500 billion by 2030. This is driven by a middle class that is projected to more than double from 135 million to 334 million over the same time period.
“Prioritization of investment is absolutely critical to keep up with demand so we’re seeing many large upgrades and brownfield site developments across the region, shortening the delivery cycles and improving efficiencies. The best decisions can be made if informed by robust asset management insights and resilient planning strategies.”
Mark Duckworth, Vice President, Black & Veatch's Power Generation Services business
Independent power producers (IPPs) will continue to play a significant role in Asian power generation. Requirements of large industrial users – from mining companies to data center providers – are shifting, however. While reliability of power service remains non-negotiable, shareholder pressure to increase sustainable renewable energy use could spur more IPPs to integrate renewables, as large users explore their own on-site microgrid solutions.
Black & Veatch first began work in 1967 on the design of a 200 megawatt power plant at South Bangkok Thermal Plant for the Yanhee Electricity Authority of Thailand. The power plant doubled the country’s power supply and was the first step in a five-unit expansion plan to help Thailand’s rapidly increasing power demands.
The company will celebrate the ensuing half-century in Asia by engaging industry leaders at PowerGEN Asia while also providing free Wi-Fi and mobile device charging to all conference delegates located at B19, BITIC Exhibition Centre, Bangkok, Thailand.
About Black & Veatch
Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2016 were US$3.2 billion. Follow us on www.bv.com and in social media.
Editor’s Notes:
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Black & Veatch’s is a full service provider for the power industry in Asia from planning to EPC across all traditional and renewable energy, including power delivery, generation, and grid management. The company delivers infrastructure that improves people lives, serving a wide variety of sectors: oil & gas, water, and telecommunications; as well as, to operators of data centers and mining sites. Black & Veatch’s legacy also extends back to water infrastructure projects delivered in Singapore and Hong Kong in the 1920’s and 30’s.
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Black & Veatch employs more than 1,500 professionals throughout Asia today.
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Black & Veatch will present the following technical conference papers at PowerGEN Asia:
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Selecting a Design Process to Mitigate the Need for a Pressurization Tank in HRSG Preheat Circuits by Anil Kumar Addanky.
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Real Time Centralized Monitoring & Diagnostic Program in Adaptive Planning at Power Stations, by Vinit Priyadarshi.
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*The projections cited were sourced from ASEAN Matters for America 2017, published May 2017 and are formed from references to data from McKinsey Global Institute, International Monetary Fund and UN Department of Economic and Social Affairs.
Media Contact Information:
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About Black & Veatch
Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2018 were US$3.5 billion. Follow us on social media.
