2013-11-01 20:43:04 - New Energy market report from Business Monitor International: "Kazakhstan Power Report Q4 2013"
We expect demand growth in Kazakhstan to remain healthy over our 10-year forecast period to 2022, due to the country's robust economic expansion. Conventional thermal sources are to provide the bulk of new generating capacity, with gas and coal playing a central role due to the country's significant domestic resources. Kazakhstan's supply/demand gap is relatively tight and electricity imports are typically required to meet domestic power demand. We expect this trend to continue as power consumption increases over the forecast period; while Asian influence is growing in the Kazakh energy sector, we believe Russia will be the country's most important trading partner as it tries to bring nuclear capacity online.
Full Report Details at
While Kazakhstan has vast reserves
of gas, 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 sidelined over the past few years, but could 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 would have the potential to narrow the supply/demand gap significantly. 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.
Key trends and developments in the Kazakh electricity market:
* Growth in Kazakh power consumption is forecast to average 4.3% per annum between 2013 and 2022. 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 4.4% per annum over the period, which may prove insufficient to increase market coverage and ensure adequate supply, unless system losses can be reduced greatly.
* The Eurasian Development Bank's May 2013 announcement that it will provide a US94mn loan to help support the construction of a wind farm in Kazakhstan is a positive sign for the country's renewable energy industry and the wider prospects for energy security in Kazakhstan. However, and in spite of the country's hefty targets - the government expects the total share of renewable power generation to rise to 11% by 2030 - we believe that renewable energy projects will be one-off developments, as the regulatory framework is not in place to incentivise widespread investment into the renewables industry. Furthermore, the country's vast hydrocarbon reserves and nuclear aspirations are likely to draw interest away from the sector.
* On May 14 2013, Deputy Minister of Industry and New Technologies Kanysh Teleushin announced that the government is developing a new state energy programme, called 'Energy Efficiency 2020', which aims to reduce energy consumption. The plan incorporates nine areas, including energy-efficient enterprises, energy-efficient construction and transport, an energy-efficient society, as well as the innovative energy sector. The plan proposes legislation to introduce a norm for the mandatory reduction of energy consumption in industrial facilities by 3% per annum, in order to reduce annual energy consumption by 10% by 2020.
Report Table of Contents:
BMI Industry View
- Kazakhstan Snapshot
- Table: Kazakhstan Snapshot: Economic And Demographic Data
- Table: Kazakhstan Snapshot: Power Sector
- Kazakhstan Forecast Scenario
- Electricity Generation And Power Generating Capacity
- Table: Kazakhstan Total Electricity Generation Data And Forecasts, 2011-2016
- Table: Kazakhstan Total Electricity Generation, Long-Term Forecasts 2017-2022
- Table: Kazakhstan Electricity Generating Capacity Data And Forecasts, 2011-2016
- Table: Kazakhstan Electricity Generating Capacity Long-Term Forecasts, 2017-2022
- Electricity Consumption
- Table: Kazakhstan Total Electricity Consumption Data And Forecasts, 2011-2016
- Table: Kazakhstan Total Electricity Consumption Long Term Forecasts, 2017-2022
- Transmission And Distribution, Imports And Exports
- Table: Kazakhstan Electric Power Transmission And Distribution Losses Data And Forecasts, 2011-2016
- Table: Kazakhstan Electric Power Transmission And Distribution Losses Long Term Forecasts, 2017-2022
- Table: Kazakhstan Trade Data And Forecasts, 2011-2016
- Table: Kazakhstan Trade Long Term Forecasts, 2017-2022
Industry Risk Reward Ratings
- CEE Power Risk/Reward Ratings
- Table: Regional Snapshot
- Kazakhstan Power Risk/Reward Ratings
- Key Policies And Market Structure
- Regulation and Competition
- Kazakhstan Power Projects Database
- Table: Major Projects - Power
- Central and Eastern Europe Regional Overview
- Table: Glossary Of Terms
- Methodology And Sources
- Industry Forecasts
- Power Industry - Data Methodology
- Generation and Consumption Data
- Electricity Generating Capacity Data
- Power Risk/Reward Ratings Methodology
- Table: Power Risk/Reward Indicators
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at www.fastmr.com
or call us at 1.800.844.8156.