New Report Available: Vietnam Power Report Q2 2016
Fast Market Research recommends "Vietnam Power Report Q2 2016" from Business Monitor International, now available
[ClickPress, Wed Apr 06 2016] There are significant opportunities for independent power producers (IPPs) , turbine manufacturers and private investors in Vietnam's thermal power generation sector - particularly the coal segment. A flurry of private sector activity in the coal sector will be supported by rapid growth in electricity demand and market deregulation, as well as delays to nuclear expansion and insuf ficient domestic gas supplies.
The thermal generation segment in Vietnam will continue to offer sizeable opportunities for investors and equipment suppliers. A number of large-scale power projects have advanced in the last few months - with institutional investors and utilities entering the sector to benefit from the huge growth potential.
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Rosatom's involvement in Vietnam's emerging nuclear sector aligns with our view that nuclear projects in Asia will be increasingly financed by foreign governments or state-owned utilities - particularly Russia and China. Despite this development, we are not factoring any nuclear capacity into our 10-year power forecasts in Vietnam, as there are still numerous barriers to project realisation.
Vietnam's wind market will continue to be a regional underperformer in terms of total installed capacity over our 10-year forecast period, as a lack of regulations encouraging investment, low wind power tariffs and the government's stronger focus on conventional power sources deter investors from developing projects. Until these issues are resolved, we expect only sporadic project developments, as opposed to a widespread investment trend.
We forecast electricity consumption in Vietnam will grow at an annual average of 7.5% between 2015 and 2024, and the government will continue to encourage investment in coal-fired capacity to meet demand. Vietnam's Master Plan VII predicts the country will need 75,000MW of installed capacity by 2020. Although we do not believe Vietnam will meet this target, it does serve as an ambitious statement of intent.
The Vietnam Power Report features BMI Research'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 Vietnam 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.
Use BMI's independent industry forecasts for Vietnam to test other views - a key input for successful budgeting and strategic planning in the power market.
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