Online, 10 January 2022 – Today, the ASEAN Centre for Energy (ACE) officially launched the ASEAN Energy Outlook Forum (AEOF) 2022. The event brought together representatives of the Ministry of Mines and Energy, Cambodia, H.E. Suy Sem and representatives of the PwC Singapore, the ASEAN Secretariat and the Economic Research Institute for ASEAN and East Asia (ERIA).

In the opening remarks, ACE Executive Director, Dr Nuki Agya Utama, said: “Several ASEAN governments have committed to support energy-related initiatives, such as the Global Methane Pledge, The Global Coal to Clean Power Transition, Super-efficient Equipment and Appliance Deployment to promote energy-efficient appliances, lighting and equipment worldwide, and One Sun Declaration to build interconnection capacity across 140 countries through solar, wind, storage and other renewable energy generation. It is also noted that financial, technology transfer and capacity building from developed nations are required to help ASEAN countries shift to a low-carbon economy, thus could enable the region in the energy transition.”

Commenting on the launching event today, H.E. Suy Sem, Minister of Mines and Energy, Cambodia, announced that the Ministry of Mines and Energy has cooperated with Asian Development Bank (ADB) to create a new Power Development Plan (PDP) until 2040 to increase clean energy shares into the power generation mix. The new plan would not include any new coal-fired power plants, including the projects that have been approved since 2019 and focus on importing low carbon energy sources such as imported natural gas, LNG, or Hydrogen.