Fast Market Research recommends "South Africa Power Report Q1 2014" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 01/28/2014 -- Late 2013 brought little joy to South Africa's power market. The main supplier, public utility Eskom, announced in November 2013 that the country was facing an emergency in terms of electricity provision - something that we had been warning for some time. Continual delays to the provision of new power stations and ageing infrastructure at existing ones have combined to create an ever-widening electricity gap. South Africa's over dependence upon coal as a source of power also limits Eskom's options further. Renewable energy is gaining popularity in the country, with the third auction held since 2011 gaining 93 bids - 17 of which were granted preferred bidder status - but while renewables will help increase electricity generating capacity, they will not solve South Africa's fundamental power problems. Without investment in new facilities, and comprehensive upgrades of existing ones, power outages are set to continue.
View Full Report Details and Table of Contents
In 2012, electricity generation in South Africa stood at 246.53 terawatt hours (TWh), representing a 1.32% increase on the previous year. Coal-fired sources of electricity accounted for nearly 95% of this figure, and we expect that coal will continue to play a major role in electricity production during the course of our forecast period, rising by a CAGR of 2.45% to stand at 295.93TWh in 2022. Economic growth - we forecast real GDP of around 3% every year during our 10-year forecast period to 2022 - and demographics will both drive demand upwards.
Developments in South Africa's power market this quarter include:
- In late October 2013, Eskom announced that two coal-fired power stations, Medupi and Kusile, would begin to contribute electricity to the grid in H214. Both power stations are currently six months behind schedule.
- Eskom warned in November 2013 that it would have to turn to emergency power blackouts across the country in an attempt to reduce pressure on the grid. Delays to new capacity are affecting the utility's ability to meet current demand.
- In November 2013, the Department of Energy announced the preferred bidders for the third renewable energy auction, with a reported 93 bid submissions. The positive outlook for the renewable energy sector contrasts with the delays in the expansion of thermal sources of power.
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:
- Thermal Power in South Africa, Market Outlook to 2025, 2013 Update - Capacity, Generation, Power Plants, Regulations and Company Profiles
- South Africa Oil & Gas Report Q1 2014
- South Africa Power Market Outlook to 2030 - Market Trends, Regulations and Competitive Landscape
- Power Markets in Emerging Economies - Market Outlook, Capacity and Generation, Opportunities and Challenges to 2020
- Sudan & South Sudan Oil & Gas Report Q1 2014
- Power Transmission and Distribution (T&D) Scenario in Brazil, Russia, India, Indonesia, China and South Africa (BRIICS) - Infrastructure, Investment and Regulations Analysis to 2020
- South Korea Power Report Q1 2014
- South Africa Petrochemicals Report Q1 2014
- Kenya Power Report Q1 2014
- Turkey Power Report Q1 2014