DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/45cb9f/angola_power_repor) has announced the addition of the "Angola Power Report Q2 2012" report to their offering.
Business Monitor International's Angola Power Report provides industry professionals and strategists, corporate analysts, power associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Angola's power industry.
BMI View:
Angola depends upon hydroelectricity for the majority of its requirements, which means the country is over-dependent upon one source of energy and at risk of power shortages, as it lacks sufficient production capacity for the population's needs. Looking forward, BMI believes that solar power is one solution for rural areas where it is costly to connect villages to the grid. In addition, we welcome initiatives such as the natural liquefied gas power station being constructed in Soyo - a project promoted by five oil and gas majors - as a means of diversifying supply.
BMI forecasts that Angola's overall power generation will increase by an annual average of 9.2% between 2011 and 2016, to reach 6.76TWh. Contributing to this growth will be a 9.5% annual average increase in hydropower. We envisage Angola's net power consumption increasing from 3.65TWh in 2011 to 5.78TWh by 2016. A steady increase in GDP will support growth; following estimated real GDP growth of 5.2% in 2011, BMI forecasts average annual growth of 7.3% between 2011 and 2021.
BMI expects improvements to Angola's national electricity grid to result in a gradual decline in the percentage of transmission and distribution losses, falling from around 14.6% in 2011. Angola is not expected to have to import significant quantities of electricity, nor do BMI expects electricity exports to be substantial.
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