Turkey Power Report Q1 2013 RnR Market Research

0

Courtesy of

Despite the fact that several of Turkey's economic challenges - including a significant current account deficit, elevated inflation and high cost of credit - have not dissipated yet, various macro and sector-specific indicators signal that Turkey is undergoing a gradual rebalancing of its economy. While a sharp decline in economic activity in 2012 has taken its toll on power consumption, we remain optimistic about the power industry's growth potential. However, we highlight that plans to increase coal-fired generation appear to reflect a political move, rather than any long-term energy strategy.

With our view for a sharp decline in economic activity in 2012 having played out, we have downwardly revised our growth estimate for the country's power sector for the year. We believe that electricity consumption saw real growth of 6.89% year-on-year (y-o-y), down from a previous forecast of 7.90%.

We believe that generation growth came as close in growth terms, reaching 6.87%.

As highlighted in previous analysis, though not out of the woods yet, the Turkish economy seems to have turned a corner. The Turkish authorities have thus far successfully steered the domestic economy away from a hard landing, with evidence of a rebalancing away from an overreliance on domestic demand towards a greater focus on exports and a more welcoming monetary policy. Coupled with diminishing demand-side inflationary pressures, these factors support not only a brighter short-term outlook for the country's power market, but also reinforce our relatively bullish view on the power industry's growth potential- especially when compared to expectations for power markets in Central and Eastern Europe (CEE).

Request your sample copy @ http://www.rnrmarketresearch.com/contacts/request-sample?rname=65980

With this in mind, we highlight that decisions regarding the country's capacity expansion plans and the future shape of its energy mix will be key in defining opportunities, most notably:

The government's decision to approve natural gas and electricity price increases in October 2012creates upside and downside risks to our outlook. Designed to support public finances, the move could also incentivise investment into the sector, improving the stance of power generators. Yet, we note that the hike is set to have an impact on inflation and could also have negative effects on power demand.

A certain degree of confusion has emerged in the thermal segment, following repeated announcements by the government that tenders for five to six gigawatts (GW) of new coal-fired plants could be opened soon. However, we judge this to be a political move rather than a longterm energy strategy and question the viability of this push.

Buy your report copy @ http://www.rnrmarketresearch.com/contacts/purchase?rname=65980

Table Of Contents

BMI Industry View

SWOT Analysis

Turkey Power SWOT

Regional Overview

Industry Forecast Scenario

Turkey Macroeconomic Snapshot

Table: Country Snapshot: Economic and Demographic Data

Table: Country Snapshot: Power Sector

Turkey Forecast Scenario

 

Electricity Generation And Power Generating Capacity

 

Table: Turkey Total Electricity Generation Data And Forecasts, 2010-2017

 

Table: Turkey Total Electricity Generation Long Term Forecasts, 2014-2021

 

Table: Turkey Electricity Generating Capacity Data And Forecasts, 2010-2017

 

Table: Turkey Electricity Generating Capacity Long Term Forecasts, 2014-2021

 

Electricity Consumption

 

Table: Turkey Total Electricity Consumption Data And Forecasts, 2010-2017

 

Table: Turkey Total Electricity Consumption Long-Term Forecasts, 2014- 2021

 

Transmission, Distribution, Imports And Exports

 

Table: Turkey Electric Power Transmission And Distribution Losses Data And Forecasts, 2010 - 2017

 

Table: Turkey Electric Power Transmission And Distribution Losses Long-Term Forecasts, 2014 -2021

 

Table: Turkey Trade Data And Forecasts, 2010-2017

 

Table: Turkey Trade Long-Term Forecasts, 2014- 2021

 

Key Policies/Market Structure

 

Regulation And Competition

 

Sustainable Energy Policies

 

Pricing

 

Key Projects Database

 

Table: Key Projects - Power

 

Risk/Reward Ratings

 

Central And Eastern Europe Regional Power Risk/Reward Ratings

 

Table: Central and Eastern Europe Power Risk/Reward Ratings

 

Turkey's Power Risk/Reward Ratings

 

Rewards

 

Competitive Landscape/Company Monitor

 

Glossary of Terms

 

Table: Glossary of Terms

 

Methodology And Sources

 

Industry Forecasts

 

Power Industry - Data Methodology

 

Generation And Consumption Data

 

Electricity Generation Capacity Data

 

Power Risk/Reward Ratings Methodology

 

Table: Power Risk/Reward Indicators

 

Sources

 

Customer comments

No comments were found for Turkey Power Report Q1 2013 RnR Market Research. Be the first to comment!