"Venezuela Power Report Q2 2015" now available at Fast Market Research
New Energy market report from Business Monitor International: "Venezuela Power Report Q2 2015"
[USPRwire, Wed Feb 11 2015] Venezuela's power market will continue to suffer from severe infrastructure inefficiencies and unreliable electricity supply over our 10-year forecast period, as lower oil export revenues - due to falling oil prices - will constrain public investment into the power sector. Given the high dependence of the market on public spending, a cut in the 2015 budget for Venezuela's power ministry supports our view and increases the risk of power shortages for the country's downstream oil sector.
Over the past year, Venezuela's power market has swelled in terms of capacity. For instance, according to a report from BNamericas, 1.07 gigawatts (GW) have been brought online since Energy Minister Jesse Chacón announced a new energy short-term plan at the beginning of May 2013, after President Nicolás Maduro declared a state of emergency for the power sector in April 2013.
This notwithstanding, our grim outlook for the Venezuelan power sector remains in place. In order to meet demand, which averages between 17GW and 18GW, Venezuela has an installed capacity of approximately 28GW; however, only 20GW are currently operational. The country's business environment continues to present sizeable risks to investment (both industry and country specific). Under Chavez, private enterprise was asphyxiated and rigidly controlled tariff rates led to a lack of capital for investment in sufficient capacity. The situation has hardly improved under Maduro's presidency. In addition, despite repeated promises from the government, delays and problems with funding continue to obstruct capacity development and improvements to the transmission and distribution (T&D) system in Venezuela.
More specifically, we note that:
* We believe Venezuela's political and economic environment is beginning to gradually unravel. Venezuela's fiscal account deficit will remain deeply negative over the coming years, as revenues continue to be constrained and expenditures, notably on large-scale social...
The Venezuela 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 Venezuela 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 Venezuela to test other views - a key input for successful budgeting and strategic planning in the power market.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
You may also be interested in these related reports:
