Rahul Agrawal article in The Business Times: Why Southeast Asia is a prime destination for energy and infrastructure investments

Rahul Agrawal, Managing Director, Energy Infrastructure and Head of Southeast Asia at Actis, wrote in The Business Times about how Southeast Asia is becoming a prime destination for energy and infrastructure investments.

Click here to read the full article online and read on below for a snapshot of Rahul’s piece.

Rahul Agrawal, Managing Director, Energy Infrastructure at Actis, commented:

“Concurrently, South-east Asia is projected to account for 25 per cent of global energy demand between now and 2035, driven by the region’s rapid urbanisation. Countries such as Indonesia, Vietnam and the Philippines are experiencing a rise in large-scale infrastructure projects to support their growing populations and increased tourism. Meanwhile, industrialisation efforts are being made to expand access to reliable electricity in remote and rural areas.

“The International Energy Agency has said that South-east Asia is one of only two regions in the world (the other being the Middle East) where emissions are rising in line with gross domestic product.

“These growing demands have served as a catalyst for clean energy investment. Following COP28, eight in 10 Asean member states have made net-zero pledges with mid-century target dates. To achieve these pledges, the countries must diversify their energy sources.”