Water-related risks are receiving more attention than in the past, yet the connection to power sector development is not well understood by investors, governments, and companies in
South and Southeast Asia. This report presents a framework for investors and analysts to assess the risk of impacts from water-related issues, including growing water scarcity and declining water quality, on thermal and hydroelectric power generation plants. While this analysis focuses on publicly listed power generation companies in India, Malaysia, Philippines, Thailand, and Vietnam, the risks outlined may apply to listed power generation companies operating in other water scarce regions.