Just Published: "Egypt Power Report Q3 2014"

Egypt is in desperate need of increased power capacity, as the country's energy infrastructure struggles to cope with the demand for power. However, with the political situation still in a state of flux, and the economic outlook remaining poor, Egypt's ability to channel investment towards to sector is likely to remain limited in the medium term. With power remaining a hot political issue, the government is likely to concentrate its efforts on reforming its elaborate system of energy subsidies, which in addition to pushing up demand for energy has had a deleterious impact on government finances.

Egypt's power sector is enduring a challenging period. With economic growth hinging on the provision of adequate and reliable power to vital sectors (ranging from industry and agriculture to tourism and transport), the expansion of Egypt's electricity infrastructure has long been a key priority for the government, and an ambitious power sector investment programme was implemented over two phases from 2002 to 2012, adding 18,850 megawatts (MW) of new capacity. However, persistent power shortages continue to blight the sector, demonstrating the need to continue to improve capacity, and making the development of the sector an even more urgent priority for the country.

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Egypt had originally outlined plans to install 30,000MW of capacity between 2010 and 2020, with annual investment in power infrastructure initially targeted at USD3bn, including significant investments in renewable energy. However, ongoing political and social unrest have disrupted these plans, discouraging investment and draining government finances, and it is difficult to see the country meeting these targets without a dramatic turnaround in its political fortunes. Other problems include the required re-prioritisation of natural gas feedstock away from exports and towards domestic consumption, as well as the need to make pronounced reforms to domestic energy subsidies. While the country's...

The Egypt 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 Egypt 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 Egypt to test other views - a key input for successful budgeting and strategic planning in the power market.

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