Fast Market Research recommends "Egypt Power Report Q2 2016" from Business Monitor International, now available

[ClickPress, Thu Apr 28 2016] During the past few quarters, Egypt has seen an increase in the number of planned projects, as well as a surge in investment pledges from international investors within the power sector. While not all of the pledged investment will translate into projects due to a still uncertain political environment, the relative stability under President el-Sisi has created upside to our long-term forecasts as economic momentum gathers pace. We forecast total electricity generation will grow 4.5% in 2016 as the government brings new gas and coal capacity online in an attempt to overcome chronic power shortages .

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We forecast Egypt's power generation and capacity to average 4.3% and 3.7% growth rates respectively over the next decade. Growth rates will be somewhat stronger over the short-term as the country is investing into its energy sector in order to prevent recurring power shortages.

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Egypt's power distribution losses are expected to increase from an estimated 20.4TWh in 2015 to 32.2TWh in 2025. However, as a percentage of total output, distribution losses will remain largely stable, fluctuating between 11% and 12%.

Egypt expects to add 2,500-3,000MW of power generation capacity in 2016, in a bid to resolve the power shortage that has hampered the country's heavy industry in the last few years, citing Electricity Minister Mohamed Shaker (Reuters). The minister noted 6,882MW of additional capacity had already been added to the grid since the beginning of 2015.

In March 2016, Singapore-based Hyflux has obtained a letter of intent for a USD500mn engineering, procurement and construction contract for the Ain Sokhna Integrated Water and Power Project in Egypt. The project, featuring a daily production capacity of 150,000 cu m, will include an on-site 457MW combined cycle, gas turbine power facility, which will generate electricity for the desalination plant.

The Egyptian government has awarded a contract to Phoenix Energy, a unit of Lebanon-based Indevco Group, to build a solar power farm. The company will install about 200,000 solar panels on 1.1mn sq m near Luxor and Aswan to generate power of 62MW at peak, reports Construction is expected to begin in November 2016.

Siemens will build 12 wind parks, about 600 turbines, with total capacity of 2GW by 2022, in Egypt. The country's New and Renewable Energy Authority's (NREA) Chairman Mohamed Salah Sobky said Siemens has already started work on the first phase, which is expected to generate 180MW.

The Egypt 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.

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