Bandars Rivegawan – Peak electricity demand is projected to increase by 1.5% each year, the Prime Minister’s Office minister said Wednesday.
Peak demand (the time of day when electricity consumption is highest) was 687 MW in 2021. At the opening of Energy Week at Brunei’s Mid-Year Conference and Exhibition, Pehin Dato Hj Halbi Hj Mohd Yussof said.
The minister said the current installed capacity of 893 MW needs to be increased to 1,200 MW by 2027 to meet future demand.
He saidThe energy sector aims to increase the share of renewable energy in the total power generation mix, starting with at least 200 MW of renewable energy by 2025. And by 2035 at least 30 percent of the power generation mix.
The launch of a 30 MW solar power plant will be the first major step towards achieving that goal.
“Due to the limited availability of land, an innovative way to increase renewable energy capacity is to use floating solar farms, which are currently being pursued as the most practical method,” Pehin Dato Hj Halbi said. Added.
Most of Brunei’s electricity comes from gas-powered plants.
Transition to a low-carbon future
Speaking of energy conversion Pehin Dato Hj Halbi said future growth in Brunei’s energy sector must take into account decarbonization and climate change.
“Brunei is accelerating the growth of the energy sector with the energy transition agenda for a low-carbon future in mind,” he said.
The Minister added at the 2021 United Nations Climate Change Conference (COP26) last November that Sultan had promised a net zero target by 2050.
“In this context, natural gas, the cleanest form of fossil fuel, stands out as the most important transition fuel to support energy transformation.
“As a major LNG exporter, Brunei will continue to develop gas resources and promote natural gas in the global energy transition,” said Pehin Dato Hj Halbi.
Brunei’s economy is still heavily dependent on the energy sector
The minister goes on to There is no doubt that the energy sector is an important engine in the growth of Brunei’s socio-economic development.
Citing data from the Bureau of Economic Planning and Statistics, he said the energy sector accounted for 58.8 percent or $ 11 billion of the country’s total GDP in 2021.
“Of that number, the upstream oil and gas sector accounted for 49.6%, and the downstream sector of the oil refining, chemicals and power sector accounted for an additional 8.4%,” said Pehin Dato Hj Halbi.
Brunei is also estimated to have a total production of 14.35 million tonnes of goods from the downstream sector and an export value of $ 10.7 billion.
In February, the Brunei Fertilizer Industry (BFI) began exporting urea. To Thailand, South Korea follows.Fertilizer factories can export up to 1.2 million tonnes of urea annually
This year’s Energy Week, with the theme “Energy Security and Energy Transformation: Today and Tomorrow,” addresses Brunei’s efforts to address development priorities, especially the challenge of balancing increasing energy demand with the need for climate change mitigation. I’m focusing.