New Market Research Report: Kenya Power Report Q1 2015


Recently published research from Business Monitor International, "Kenya Power Report Q1 2015", is now available at Fast Market Research


[USPRwire, Wed Feb 04 2015] Kenya's power sector is set to change dramatically over the forecast period to 2023, with hydropower to lose its dominant share of the power mix. The country is investing heavily in geothermal, wind and solar, and a number of coal-fired and gas-fired facilities are due to come online this decade.

As a result, power generation will more than double, to 19.1TWh in 2023. Just outside the forecast period, the country also plans to open a nuclear facility. However, projects regularly experience delays, creating a degree of uncertainty to the outlook. Meanwhile, consumption is set to rise dramatically as both the population and the economy grow, from 9.2TWh in 2015 to 17.7TWh by 2023. This implies a steady shift from the import to the export of electricity.

Key Trends And Developments


* Kenya added 70MW of power to the national grid in December when it opened a huge new geothermal plant in the Olkaria area of the country. This has brought Kenya's total installed capacity to 2,000MW and has seen the price of electricity fall by 30%. Meanwhile, in November, Ormat Technologies'signed a 25-year power purchase agreement with Kenya Power and Lighting for the 35 MW Menengai geothermal project.
* Development of Kenya's renewables sector also continues. In November, General Electric announced plans to construct a USD300m, 100MW wind power farm in the Rift Valley early next year to be operational by 2016. In December, the government also signed USD575mn public-private partnership agreement to construct the 300MW Turkana Wind Power Project. The government forecasts that more than half of Kenya's electricity will come from solar power by 2016 following plans to construct nine solar power plants at a cost of USD1.2bn over the next year.
* Kenya's grid also continues to expand to meet this additional capacity. The British company Standard Chartered PLC extended a USD190mn long-term loan to Kenya's national electricity distributor in November to implement...

Full Report Details at
- http://www.fastmr.com/prod/951952_kenya_power_report_q1_2015.aspx?afid=302

The Kenya 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 Kenya 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.

Key Benefits

* Use BMI's independent industry forecasts for Kenya to test other views - a key input for successful budgeting and strategic planning in the power market.

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You may also be interested in these related reports:

- Malaysia Power Report Q1 2015
- Indonesia Power Report Q1 2015
- India Power Report Q1 2015
- United Kingdom Power Report Q1 2015
- Argentina Power Report Q1 2015

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