2014-02-10 03:06:01 - Sudan and South Sudan Power Report Q2 2014 - a new market research report on companiesandmarkets.com
Following on from their secession in 2011, both Sudan and South Sudan have been experiencing frequent power outages; their electrification rates stand at 30% and 1% respectively. Rapidly expanding populations are driving demand, but investment from foreign players is crucial if both nations are to drive up their living standards. Chinese and Norwegian funding is playing the greatest part, with South Sudan set to be one of the fastest-growing economies in the world in 2014, according to the Economist, with real GDP growth of 35%. However, Sudan´s fiscal deficit and high level of transmission & distribution levels are holding back its economy and power sector; both will take years to overcome.
The separation of the two nations, initially at least, had
a detrimental effect on the latter country´s power sector, with generation growth falling by 11.4% year-on-year (y-o-y) in 2011, with a further decline of 4.4% in 2012. Going forwards, however, the future looks brighter, with 2014 set to see positive power generation growth of 3.0%, reaching 7.2TWh. Both countries are to be the beneficiaries of significant foreign direct investment (FDI), with China to fund hydropower projects in Sudan and South Sudan to be the beneficiary of Norwegian investment. The latter also aims to have an electrification rate of 70-80% by 2020.
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