G E Power expects explosive growth in power orders

G E POWER Systems Asia expects the region to order more than 510 gigawatts of power in the next 10 years, despite difficult financing and regulatory development slowing private power plant projects in China and India.

'This explosive growth in abundant, reliable and economical electric power will serve as the spark that fuels a new industrial age throughout Asia,' said Delbert Williamson, president and regional executive of G E Power Systems Asia at the 1995 Asia-Pacific Energy and Power Conference II last week. Mr Williamson gave this prediction for China: 'By itself, the world's largest power generation market is China. It will account for nearly 170 gigawatts of new orders for capacity over the next 10 years.'