New Energy market report from Business Monitor International: "Cambodia Power Report Q1 2013"
Boston, MA -- (SBWIRE) -- 03/05/2013 -- BMI View: The major players in Asian power supply are clamouring to invest in Cambodia, with the result that huge capacity expansion can be expected from around 2015, as hydro, gas and coal-based schemes are introduced. This should leave the country with plentiful spare generation, even if annual electricity consumption grows at an average rate of 13.2% per annum over our 10-year forecast period to 2021. Neighbouring Vietnam, which will finance a number of power projects, plans to make good use of Cambodia's potential export capability, as does Thailand if a major coal-fired scheme comes to fruition.
View Full Report Details and Table of Contents
Hydropower expansion is already under way and there is a long queue of potential projects with strong regional backing. Several are set to proceed, with a surge in hydro-based supply likely from around 2016. Domestic gas resources could contribute additional capacity, while the utilisation of renewables is set to rise rapidly from a low base. New coal-fired stations are also in the planning stage, with Cambodia open to the long-term possibility of nuclear energy.
Key trends and developments in the Cambodian electricity market:
- Cambodia's Royal Group and China's Hydrolancang were given the go-ahead in November 2012 to commence construction on the Lower Se San 2 hydropwer plant. The design and construction of the project will see electricity exported to Vietnam. The project is expected to be completed in 5 years, in the latter stages of 2017.
- During the period 2012-2021, Cambodia's overall power generation is expected to increase by an annual average of 24.0%, reaching 10.7TWh. Driving this growth is a new gas-fired scheme that is in the pipeline and should enter service during the forecast period, as well as a massive hydropower expansion programme that includes several dams with capacities exceeding 100MW.
- Following anticipated real GDP growth of 4.8% in 2012, BMI forecasts average annual growth of 6.6% between 2012 and 2021. The population is expected to rise from the 2012 level of 14.5mn to 16.1mn during the period to 2021, and net power consumption looks set to increase from 2.49TWh in 2012 to 7.69TWh by 2021. During the period 2012-2021, the average annual growth rate for electricity demand is forecast at 13.2%.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Energy research reports at Fast Market Research
You may also be interested in these related reports:
- Poland Power Report Q1 2013
- China Power Report Q1 2013
- Mexico Power Report Q1 2013
- Czech Republic Power Report Q1 2013
- Global Power Survey 2012-2013: Market Trends, Marketing Spend and Sales Strategies in the Global Power Industry
- Global Power Survey 2012-2013: Market Trends, Buyer Spend and Procurement Strategies in the Global Power Industry
- Power Quarterly Deals Analysis - M&A and Investment Trends, Q1 2011
- Brazil Power Report Q1 2013
- Vietnam Power Report Q1 2013
- Indonesia Power Report Q1 2013
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)