Just Published: "Hong Kong Power Report 2015"

Hong Kong remains heavily dependent on thermal energy, with coal accounting for approximately 65.5 % of the city-state's energy production as of 201 4 . Although the government is actively researching renewable energy solutions to curb this dependency, it is most likely Hong Kong will become increasingly reliant on mainland China and imported natural gas over the medium term.

BMI forecasts Hong Kong's real GDP growth will average 3.6% a year between 2015-2024, with an increase of 2.7% estimated for 2015. BMI is forecasting an average annual increase in total electricity consumption of 1.8% to 46.12TWh between 2015-2019. Thermal generation, comprising coal, gas and oil, is expected to grow by an average of 2.2% per annum over the same period, and average 2.4% between 2019-2024. Thermal power generation will continue to account for all of domestic production, with imports from nuclear and pumped storage capacity in China .

Apart from domestic thermal energy production, Hong Kong is making limited progress in the field of renewable energy, with China Light & Power (CLP) and Hong Kong Electric Co. (HEC) drawing up plans for offshore wind farms. In addition, Hong Kong imports electricity generated by the Daya Bay Nuclear Power Station (DBNPS) in mainland China - Hong Kong has no plans to build its own nuclear facilities - and CLP has struck a deal with Chinese firms over long-term plans to import natural gas.

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Hong Kong is in 13th position in BMI's Asia Power Risk/Reward Ratings (RRRs), owing to its modest market size and below average growth prospects. It scores above average for industry and country risks, with its total score dragged down by the rewards side of the matrix.

Key Trends And Dev elopments

The Hong Kong 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 Hong Kong 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 Hong Kong to test other views - a key input for successful budgeting and strategic planning in the power market.
* Target business opportunities and risks Hong Kong's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Hong Kong.
* Assess the activities, strategy and market position of your competitors, partners and clients

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