|
|
 |
|
Viewing report
|
|
|
|
Strategic Analysis of the Electricity Markets in Ivory Coast, Senegal and Equatorial Guinea
Frost & Sullivan, Sep 2009, Pages: 141
Africa’s poverty and economic stagnation is regarded as one of the greatest tragedies of our time. Developing energy infrastructure on the continent is one of the key growth strategies identified for Africa since consistent power supply is an instrumental tool to attract much needed foreign direct investments. Equatorial Guinea, Ivory Coast, and Senegal, countries endowed with vast potential in hydro power and gas, are tipped to become key participants within the electricity market in their respective economic blocs. This Frost & Sullivan research service focussed on the total power industry in Equatorial Guinea, Ivory Coast, and Senegal.
This Frost & Sullivan research titled Strategic Analysis of the Electricity Markets in Ivory Coast, Senegal and Equatorial Guinea provides a strategic overview of the Asian financial commitments in the sub-Saharan African electricity market and a snapshot of the demand/supply analysis from 2008 to 2015. In this research, Frost & Sullivan's expert analysts provide a strategic analysis of the market drivers, market restraints and industry challenges impacting this market, a detailed analysis of the current infrastructure (generation, transmission and distribution) and a competitive analysis of the Equatorial Guinean, Ivorian and Senegalese power industries. Also included is an insight into the key success factors in the Equatorial Guinean, Ivorian and Senegalese power industries, an examination of future power projects in these three countries along with investment opportunities inherent to the Equatorial Guinean, Ivorian and Senegalese power industries.
Market Overview
Investments in Infrastructure Development and Strong Non-oil Sectors Spur Electricity Markets in Equatorial Guinea, Ivory Coast and Senegal
Despite the global and local economic slowdown in 2008, the electricity markets in Equatorial Guinea, Ivory Coast and Senegal experienced growth. Total growth in the electricity markets in these countries was estimated at a combined 3.7 per cent in 2008. High capital expenditure on infrastructure development (energy and non-energy), strong non-oil sectors such as telecoms and construction as well as the pursuit of rural electrification programmes helped sustain the demand for electricity in these countries. The combined total market revenues are expected to be worth $1.6 billion in 2015, driven by the introduction of new power stations and robustness of the demand for electricity in the three countries.
“Ivory Coast is expected to remain the largest electricity market among the three countries,” notes the analyst of this research. “In 2008, the Ivorian electricity market generated revenues estimated at approximately $596.2 million, accounting for 51.8 per cent of the combined total market revenues with Senegal following closely at an estimated 47.1 per cent of the combined revenue total.”
The total market revenues are expected to grow at a compound annual growth rate (CAGR) of 4.1 per cent from 2008 to 2015. Growth will be the result of the introduction of new power stations such as the expansion of Cape des Biches, Tobene and Sendou 1 in Senegal, the expansion of the Ciprel power station with 111-MW capacity in Ivory Coast and the 120-megwatt hydroelectric plant of Djiploho in Equatorial Guinea.
Focus to be on Diversification of Energy Mix
Several challenges could limit the development of a healthy electricity market in these three countries. First, the lack of adequate infrastructure to run the electricity supply function efficiently due to long periods of failed maintenance programmes, theft and lack of spare parts has translated into recurrent breakdowns. Second, governments and local public utilities often cannot afford the huge capital outlay required to invest in the power industry.
Third, the increasing gap between production and consumption could remain a challenge in the medium-to-long term. Fourth, the inability of independent power producers (IPPs) to meet their contractual obligations consistently is also a major challenge. Finally, heavy reliance of a single feedstock has made some sub-Saharan African countries vulnerable to unfavourable conditions in the commodity market.
The pursuit of the diversification of the energy mix should be a priority for Equatorial Guinea, Ivory Coast and Senegal. This would allow the electricity markets in these countries to be less reliant on gas, diesel or hydro. Regional power pools such as WAPP and PEAC would also need to play a more prominent role as they could help better coordinate and pool country members’ efforts to potentially lower the capital investment requirements and reduce system operational costs. “Further, the Equatorial Government would conceivably need to prioritise the privatisation of SEGESA, the public utility – a move that has been long overdue,” advises the analyst. “Finally, current independent power producers (IPPs) operating in these countries would need to improve on their ability to meet their contractual obligations if they are to win repeat business.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following countries in this research:
- Senegal
- Equatorial Guinea
- Ivory Coast
Technologies
The following technologies are covered in this research:
- Power generation
- Power transmission
- Power distribution
Product samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
The West African Transformer Market
Papua New Guinea Energy Report
Equatorial Guinea LNG Markets to 2020 - Analysis and Forecasts of Terminal wise Capacity and Associated Contracts, LNG Trade movements and Prices
Equatorial Guinea Gas Markets, 2011
The Future of Equatorial Guinea Oil and Gas Industry to 2020- Forecasts of Supply, Demand, Investment, Companies and Infrastructure (Fields, Blocks, Pipelines, LNG, Refinery, Storage Assets)
The Future of Papua New Guinea Oil and Gas Industry to 2020- Forecasts of Supply, Demand, Investment, Companies and Infrastructure (Fields, Blocks, Pipelines, LNG, Refinery, Storage Assets)
Equatorial Guinea Oil Markets, 2011
Equatorial Guinea LNG Strategy Analysis and Outlook to 2020- Capacity, Trade, Price, Contracts, Expenditure, Competition, New Project, Demand, Supply Trends and Forecasts
Papua New Guinea LNG Strategy Analysis and Outlook to 2020- Capacity, Trade, Price, Contracts, Expenditure, Competition, New Project, Demand, Supply Trends and Forecasts
Gas Market Outlook in Equatorial Guinea, 2010
|
|
|
|
