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Electricity demand in Asia and the effects on energy supply and the investment environment


  • Masayasu Ishguro
  • Takamasa Akiyama


Demand for energy (including electricity) has been increasing more rapidly in developing Asian economies than anywhere else in the world and is expected to continue growing. To meet rising demand, these countries must address such issues as how to meet the resulting enormous capital requirements and how to prevent environmental deterioration. To calculate what those capital requirements may be, and to estimate potential environmental damage, the authors built econometric energy demand models for seven economies: China, Indonesia, Malaysia, the Philippines, Republic of Korea, Taiwan (China), and Thailand. They estimate that electricity demand will increase an average 8.1 percent a year between 1993 and 2010. To finance power development projects, many governments are encouraging"build, operate, and own"or"build, operate, transfer"schemes, but there is a limit to the use of these schemes, which require foreign capital and thus reimbursements in hard currency. Because the seven governments must mobilize substantial domestic resources to finance capital requirements, it is essential that these countries develop or strengthen development of domestic bond and stock markets. To control emissions of pollutants will cost an estimated US$165 billion in 1994-2010.

Suggested Citation

  • Masayasu Ishguro & Takamasa Akiyama, 1995. "Electricity demand in Asia and the effects on energy supply and the investment environment," Policy Research Working Paper Series 1557, The World Bank.
  • Handle: RePEc:wbk:wbrwps:1557

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    References listed on IDEAS

    1. Ishiguro, M. & Akiyama, T., 1995. "Energy Demand in Five Major Asian Developing Countries," World Bank - Discussion Papers 277, World Bank.
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    Cited by:

    1. Azam Chaudhry, 2010. "A Panel Data Analysis of Electricity Demand in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 15(Special E), pages 75-106, September.
    2. Atakhanova, Zauresh & Howie, Peter, 2007. "Electricity demand in Kazakhstan," Energy Policy, Elsevier, vol. 35(7), pages 3729-3743, July.
    3. Amusa, Hammed & Amusa, Kafayat & Mabugu, Ramos, 2009. "Aggregate demand for electricity in South Africa: An analysis using the bounds testing approach to cointegration," Energy Policy, Elsevier, vol. 37(10), pages 4167-4175, October.


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