New Energy research report from Business Monitor International is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 03/05/2013 -- BMI View: Demand growth is healthy, reflecting economic expansion. Plans for new generating capacity continue to focus on conventional thermal sources, with gas taking the lead thanks to the state's substantial domestic resources. Asian influence is growing, with China and South Korea entering the power arena as financiers of and contractors for generating facilities. However, Russia may emerge as the partner of choice if Kazakhstan opts to bring nuclear capacity online.
In spite of Kazakhstan's vast gas reserves, the country's power industry is seeking to avoid overdependence on the fuel in electricity generation and has a diversified policy involving coal, hydropower and renewables. Nuclear has been side-lined, but may well emerge as a key component of the power portfolio over the long term, thanks to huge uranium wealth. System losses are considerable and improved efficiency could narrow the supply/demand gap. Ongoing high level investment in generation, transmission and distribution infrastructure is therefore necessary, and foreign partners, largely from Asia and Russia, are being lined up for the major projects.
View Full Report Details and Table of Contents
The key trends and developments in the Kazakh electricity market are:
- Growth in Kazakh power consumption is forecast to average almost 4.3% per annum between 2013 and 2021. This reflects the relative immaturity of the energy market, though the risks to this forecast are largely to the upside as increased hydrocarbons-backed wealth stimulates the economy. Growth in power generation is anticipated to average 4.2% per annum over the period, which may prove insufficient to increase market coverage and ensure adequate supply, unless system losses can be reduced greatly.
- According to government forecasts, the production of electricity will increase to 150.2 terawatt hours (TWh) by 2030 (broadly in line with BMI forecasts), with power demand rising to almost 145TWh over the same period (our forecast is for demand to hit 112KWTh by 2021). Existing investment plans in the power sector amount to KZT1,147bn through to 2015, with an estimated KZT9,500bn needed between 2012 and 2030.
- State grid operator Kazakhstan Electricity Grid Operating Company (KEGOC) has already approved a long-term investment strategy, under which KZT530bn will be invested by 2025. KEGOC has embarked upon several projects, including the rehabilitation of substations, transmission lines and other equipment, as well as building a substation near Almaty and power lines to the Moinak power plant. KEGOC is considering building a 500 kilovolt north-south power line and transmission lines in order to connect the west Kazakh regions of Uralsk, Atyrau and Mangystau to the national grid. Kazakhstan will probably delay its planned stake sale in KEGOC until 2013, according to a March 2012 statement made by Bakytzhan Sagintayev, the country's minister of trade and economic development.
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:
- Pakistan Power Report Q1 2013
- Poland Power Report Q1 2013
- Kazakhstan Oil & Gas Report Q1 2013
- Malaysia Power Report Q1 2013
- Indonesia Power Report Q1 2013
- Thailand Power Report Q1 2013
- Brazil Power Report Q1 2013
- China Power Report Q1 2013
- Mexico Power Report Q1 2013
- India Power Report Q1 2013
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)