(MENAFNEditorial)
We maintain our view that n uclear power will be key to driving Romania's energy sector given the p rospect of massive Chinese and Canadian investment in the second half of the decade. Gas will also play an important role with our O&G analysts forecast ing Romania to become a net gas exporter from 2020 onwards . This will fuel an increase in gas-power electricity generation which according to our forecasts will reach 11TWh in 2024 compared to 8 . 02 TWh in 2014. Finally we expect the government to remain committed to privatis ing the power sector increasing the potential for market-driven competition.
Key Trends And Developments
* A new government strategy for 2015-25 highlights the increasingly decrepit state of much of Romania's electricity infrastructure. According to the report many of the country's electric energy production capacities have gone beyond the technical life and are becoming wasteful and polluting. According to the government the Oltenia and Hunedoara complex energy units are now on the brink of bankruptcy.
* As a result of rising production exports of electricity surged n 2014. In February 2015 Romania signed an agreement with Turkey which establishes a consortium to develop a submarine power cable transmission line to Turkey laying the basis for increased exports in future.
* In January 2015 new regulations came into force which allow only energy traders who possess a license issued by Romania's energy regulation agency ANRE to import or export electricity. Under the new rules energy suppliers can sell energy only to the final customers while the traders can buy and sell energy on the central market or for export or import. The new law also prohibits energy producers to import or export energy.
* Hidroelectrica's performance continues to improve after a difficult few years. it recorded a gross profit of RON405mn (EUR91.8mn) in Q115 more than twice the gross profit reported in 2014 when...
Full Report Details at
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The Romania 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 Romania 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 Romania to test other views - a key input for successful budgeting and strategic planning in the power market.
* Target business opportunities and risks Romania's power sector through our reviews of latest power industry trends regulatory changes and major deals projects and investments in Romania.
* Assess the activities strategy and market position of your competitors partners and clients via our Competitive Landscape analysis.
Coverage
BMI Industry View
Summary of BMI’s key industry forecasts views and trend analysis covering power markets regulatory changes major investments projects and company developments.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the power sector and within the broader political economic and business environment.
BMI’s Power Forecast Scenario
Forecasts to end-2024 for all key indicators supported by explicit assumptions plus analysis of key downside risks to the main forecasts:
* Generation: Electricity generation total thermal coal natural gas oil nuclear hydropower hydro-electric pumped storage and non-hydropower renewables.
* Transmission and Distribution Losses: Electric power transmission and distribution losses.
* Trade: Total imports and exports.
* Electricity Consumption: Net consumption.
* Electricity Capacity: Capacity net conventional thermal nuclear hydropower and non-hydroelectric renewables.
BMI’s Power Risk Reward Index
BMI’s Risk Reward Indices provide investors (power companies service companies and equity investors) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors
Market Overview
Structure size and value of the industry sector; overview of the industry landscape and key players; an assessment of the business operating environment sustainable energy policies pricing and the latest regulatory developments.
Key Projects Database
Details and analysis of all current and planned developments (new ventures capacity expansion and other investments) across the sector broken down by location sector type capacity value companies and operational status.
Competitive Landscape
Illustration of the power industry that exploits our data-rich in-depth analysis of the leading players in the sector and examination of operational results strategic goals market position and the potential for investment.
Power Outlook long-Term Forecasts
Regional long-term power forecasts covering electricity generation consumption and capacity for thermal hydroelectric and nuclear power. These are supported by a country specific overview alongside an analysis of key downside risks to the main forecasts.
Regional Overview
Providing BMI’s near-term economic outlook for the region as a whole as well as taking a close look at countries of particular interest and the latest trends and developments.
Sources
The Power Market Reports draw on an extensive network of primary sources such as multilateral organisations government departments industry associations chambers and company reports including Energy Information Administration (EIA) World Bank (WB) and United Nations (UN).
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