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Venezuela Power Report Q2 2016

  • ID: 3616083
  • February 2016
  • Region: Venezuela
  • 51 pages
  • Business Monitor International
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Venezuela's power sector continues to struggle under high demand with extensive outages caused by ageing infrastructure and a lack of sufficient capacity. With oil revenues falling, extensive subsidies and a generally uninspiring economic environment, we do not expect to see any significant investment, either public of private, in power infrastructure in the short- to medium-term. As such our forecasts for growth in generation and capacity remain broadly unchanged this quarter. Over the longer term there is certainly the need for significant investment in generation and transmission infrastructure, and with political change in the pipeline following December 2015's elections, we may see a more positive investment environment down the road with sectors such as hydropower and non-hydropower renewables presenting extensive growth potential.

Latest Updates and Structural Trends

- With no new projects entering the development pipeline we are maintaining our current forecasts for growth in generation of 6.2% in 2016 followed by a more subdued growth of 1.5% annually over the remainder of the forecast period, meaning consumption will continue to outstrip supply growth.

- Power outages continue to plague Venezuela, despite campaigns by the government to reduce consumption. In October 2015 the country's largest oil refining complex at Amuay and Cardon was shut down by a power failure and numerous local power cuts, many of which have been attributed to sabotage, frequently disrupt businesses and households for several hours a day.

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Industry View
Table: Headline Power Forecasts (Venezuela 2015-2021)

SWOT

Industry Forecast

Venezuela Snapshot
Table: Country Snapshot: Economic and Demographic Data (Venezuela 2014-2019)
Table: Country Snapshot: Economic And Demographic Data (Venezuela 2020-2025)
Table: Country Snapshot: Power Sector

Venezuela Power Forecast Scenario

Electricity Generation And Power Generating Capacity

Thermal Generation And Capacity Forecast

Hydropower Generation And Capacity Forecast

Renewables Generation And Capacity Forecast

Total Electricity Generation And Capacity Forecasts
Table: Total Electricity Generation Data And Forecasts (Venezuela 2014-2019)
Table: Total Electricity Generation Data And Forecasts (Venezuela 2020-2025)
Table: Electricity Generating Capacity Data And Forecasts (Venezuela 2014-2019)
Table: Electricity Generating Capacity Data And Forecasts (Venezuela 2020-2025)

Electricity Consumption
Table: Total Electricity Consumption Data And Forecasts (Venezuela 2014-2019)
Table: Total Electricity Consumption Data And Forecasts (Venezuela 2020-2025)

Transmission And Distribution
Table: Electric Power T&D Losses Data And Forecasts (Venezuela 2014-2019)
Table: Electric Power T&D Losses Data And Forecasts (Venezuela 2020-2025)
Table: Trade Data And Forecasts (Venezuela 2014-2019)
Table: Trade Data And Forecasts (Venezuela 2020-2025)

Industry Risk/Reward Index
Table: MACRI'S PLANNED POWER POLICY REFORMS
Table: Latin America Power Risk/Reward Index (Scores Out Of 100

Venezuela Power Risk/Reward Index

Rewards

Risks

Market Overview

Key Policies And Market Structure

Regulation And Competition

Pricing

Venezuela Power Projects Database
Table: VenezuelaTop 10 Projects By Capacity Type (MW)

Competitive Landscape

Corpoelec

Edelca

EDC

Regional Overview

Latin America Power: Key Themes For 2016

Glossary
Table: Glossary Of Terms

Methodology

Methodology And Sources

Industry Forecast Methodology

Sources

Risk/Reward Index Methodology
Table: Power Risk/Reward Index Indicators
Table: Weighting Of Indicators

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