Boston, MA -- (ReleaseWire) -- 06/23/2014 -- We expect healthy growth in Kazakhstan's power sector over BMI's 10-year forecast period to 2023 , in terms of generation and consumption. Coal will retain its dominance, accounting for over 80% of the country's energy generation by 2023. However, non-hydro renewables will grow rapidly, with a slew of foreign-financed wind and solar projects in the pipeline. The government also plan s to restart the exploitation of nuclear energy, helped by Kazakhstan's vast uranium wealth. Power production will comfortably meet demand, with Kazakhstan's dependence on energy imports decreasing over the 10-year period. For much of the forecast period, system losses will be considerable, but steady investment in transmission and distribution infrastructure will narrow the supply/demand gap significantly .
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Key T rends A nd D evelopments
- In April, the government announced new plans to list 10% of the Kazakhstan Electricity Grid Operating Company's shares in a People's IPO in December 2014. The final number of shares to be floated and the price will be based on target return.
- In April, the government announced plans to set 15-year fixed rates for renewable energy projects. Solar projects will be granted a tariff of KZT29 per kWh, while wind and biogas power projects will be granted a tariff of KZT19 and KZT27 per kWh, respectively.
- In April 2014, a consortium of Chinese companies expressed an interest in constructing a USD4bn, 2000MW power plant next to the Turgay Basin.
- In April, the government set out plans to build up to six wind projects with the help of foreign investors in the Taiynshinsky, Akkayynsky, and Esilsky regions by 2018, costing USD100-150mn.
- In April 2014, the government announced that the location of its first nuclear power plant would be on Lake Balkhash. The government also announced that it was considering constructing a second nuclear power plant in the town of Kurchatov.
- In April, the government set up a management company to...
The Kazakhstan Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.
The Kazakhstan Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.
- Use BMI's independent industry forecasts for Kazakhstan to test other views - a key input for successful budgeting and strategic planning in the power market.
- Target business opportunities and risks Kazakhstan's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Kazakhstan
- Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.
BMI Industry View
Summary of BMI's key industry forecasts, views and trend analysis, covering power markets, regulatory changes, major investments, projects and company developments.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the power sector, and within the broader political, economic and business environment.
The Regional Overview provides a comparative context from within which one can assess the relative profitability of the power industry in a given country, incorporating BMI's country risk macro forecasts into our regional analysis. They also detail any relevant issues or events that might cause market fluctuations, as well as evaluate the impact of existing power infrastructure and fresh investments on the regional market.
BMI Industry Forecasts
The Industry Forecasts provide historic data series and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual power segment present in the country. These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast. These in turn are broken down into:
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