Failure to address capacity deficit means joining the back of the queue

Implications: Globally thaere is great demand for power generation equipment and skills for construction, testing and operation of new plant. Plant owners who delay orders or have consent delays imposed upon then risk joining the queue for key components and skills for manufacture and commissioning of new plant.

Analysis: Many first world countries have delayed the ordering of new electricity generating plant due to many reasons.

First world contries are in general not training enough skilled engineers and technicians with the requisite skills to construct, commission and operate the new plant that is required globally.

Manufacturing capacity and the provision of sophisticated materials for new advanced generation plant are finite and insufficient to satisfy global needs.

Other countries such as China and India are constructing new plants quickly and are ahead in the queue for key components.

First world countries need to order equipment timely and regularly to ensure they access the global demand for key components and skills, or they risk being left waiting in the queue for these key elements of new build power generation equipment.