New Report Available: Cambodia Power Report Q4 2013

The major players in Asian power supply are clamouring to invest in Cambodia, with the result that huge capacity expansion can be expected from around 2015, as hydro-, gas- and coal-based schemes are introduced. This should leave the country with plentiful spare generation. Neighbouring Vietnam, which will finance a number of power projects, plans to make good use of Cambodia's potential export capability, as does Thailand if a major coal-fired scheme comes to fruition.

Hydropower expansion is already under way, and there is a long queue of potential projects with strong regional backing. Several are set to proceed, with a surge in hydro-based supply due from around 2016. Domestic gas resources could contribute additional capacity, while the utilisation of renewables is set to rise rapidly from a low base. New coal-fired stations are also in the planning stage, with Cambodia open to the long-term possibility of nuclear energy.

Full Report Details at
- http://www.fastmr.com/prod/684735_cambodia_power_report_q4_2013.aspx?afid=301

Key trends and developments in the Cambodian electricity market:

* Cambodia's Royal Group and China's Hydrolancang were given the go-ahead in November 2012 to commence construction on the Lower Se San 2 hydropower plant. The design and construction of the project will see electricity exported to Vietnam. The project is expected to be completed in the latter stages of 2017.
* During the period 2013-2022, Cambodia's overall power generation is expected to increase by an annual average of 18.5%, reaching 11.1 terawatt hours (TWh). Driving this growth is a new gas-fired scheme that is in the pipeline and should enter service during the forecast period, as well as a massive hydropower expansion programme that includes several dams with capacities exceeding 100 megawatt (MW).

Following real GDP growth of 7.3% in 2012, BMI forecasts average annual growth of 6.7% between 2013 and 2022. The population is expected to rise from 14.7mn in 2013 to 16.2mn by end-2022, with net power consumption forecast to increase from 2.8TWh in 2013 to 8.5TWh in 2022. During the period 2013-2022, the average annual growth rate for electricity demand is forecast at 13.1%.

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