DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/787a6f/slovakia_power_rep) has announced the addition of the "Slovakia Power Report Q3 2011" report to their offering.
The Slovakia Power Report provides industry professionals and strategists, corporate analysts, power associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Slovakia's power industry.
The new Slovakia Power Report from BMI forecasts that country's power consumption will rise from 27.3TWh in 2010 to 30.9TWh by the end of the forecast period, representing average annual growth of 1.2% in 2011-2020. After power industry usage and system losses, BMI sees a supply shortfall remaining close to the estimated 2.5TWh level seen in 2010, assuming 1.4% average annual growth in power generation during the period.
Slovak power generation in 2010 is put by BMI at 24.7TWh, having failed to recover from the depressed 2009 level. BMI is forecasting an average 2.1% annual increase to 27.4TWh between 2011 and 2015. Thermal generation, comprising coal, gas and oil, is expected to decline during the period to 2015, and continue falling later in the decade as nuclear, hydro and renewables take market share.
The report expects gas-fired power generation to climb 1.6% per annum between 2011 and 2015, with an average annual growth rate of 1.7% forecast to 2020. Gas-fired generation should therefore reach 1.5TWh by 2015 and almost 1.6TWh by 2020. The share of total Slovak power generation should therefore increase from 5.6% to 5.8% by the end of the forecast period. Coal-fired generation will have accounted for 18.2% of the country's total generation in 2010, according to BMI estimates. BMI expects the fuel's market share to be 14.4% by 2015, firing a projected 3.9TWh. By 2020, coal's share of generation is forecast at 11.7%, representing 3.32TWh.
Nuclear power generation is one of the key potential growth areas for the Slovakian electricity sector, but the country has suffered a major setback through the enforced closure of two reactors. This has reduced overall generating capacity. There are long-term plans to add new reactors, but the supply reduction will be ongoing over the short-to-medium term. The 2010 assumption for nuclear generation is 13.5TWh following the reactor closures. New capacity is expected to be operational by 2012/13, taking generation back to a forecast 16.6TWh by 2015.
Key Topics Covered:
Companies Mentioned:
- SEPS
- VSE
- ZSE
- SE
- SSE
- CEZ
For more information visit http://www.researchandmarkets.com/research/787a6f/slovakia_power_rep