Iran Power Report - Business Monitor International - Industry Reports

Iran Power Report

Iran Power Report - Business Monitor International - Industry Reports
Iran Power Report
Published Oct 22, 2016
52 pages — Published Oct 22, 2016
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Abstract:

BMI View:Thermal power will remain the dominant electricity source throughout our forecast period, with its share of total electricity generation set to rise from --.- in ---- to --.- in ----, represented by a rise in absolute terms from ---.-TWh to ---.-TWh, thanks to a large pipeline of gas fired projects. A number of gas fired projects are in various stages of completion in Iran, where the gas sub-sector accounts for the overwhelming majority (--.- ) of thermal energy generation. According to the Tehran Times, three new thermal projects, with a combined eventual generating capacity of -,---MW, were scheduled to be inaugurated between late August ---- and late September ----. One of the most significant developments has been Turkey s Unit International announcing in June ---- that it will invest in seven gas-fired combined cycle power plants in Iran, which will boost generating capacity by -,---MW. Construction of the seven plants - all located in different provinces - is expected to begin in Q---. ...By the end of the period, Iran will generate ---.-TWh from natural gas, equivalent to a y-o-y average increase of over - . The benefits of the signing of the Joint Comprehensive Plan of Action in terms of new investment in gas fired power generation will begin to be seen in earnest during ----, when a series of new gas fired power plants will be commissioned.

...We retain our forecast that Iran s total power generation will increase -.- y-o-y to ---.--TWh in ----. Over the rest of our forecast period to ----, this output will grow at an average rate of -.- . ...According to the Tehran Times, three new thermal projects, with a combined eventual generating capacity of -,---MW, were scheduled to be inaugurated between late August ---- and late September ----. An agreement in principle for Turkey s Unit International to construct seven gas-fired combined cycle plants was signed in June ----, ahead of the reported conclusion of more detailed negotiations surrounding the USD-.-bn deal in August, which were expected to result in a formal approval by the Ministry of Energy, before construction gets underway in ----.In August ----, a spokesman for the Atomic Energy Organisation of Iran (AEOI) announced that work on the new Bushehr units was expected to start within the next one and a half months , in a bid to bring the two new units online between October ---- and ----. ...August ----, a spokesman for the Atomic Energy Organisation of Iran (AEOI) announced that work on the new Bushehr units was expected to start within the next one and a half months , in a bid to bring the two new units online between October ---- and ----. Repeated earlier delays and concerns that further nuclear development could undermine the easing of sanctions mean that both the new units are unlikely to start operating until after ---- - if they come to fruition at all - although there is a small upside risk to our current forecasts.

...BMI View: While the last quarter has seen extended engagement by foreign firms seeking to invest in Iran s power sector, our earlier caution about the pace of change has been borne out, with a key German industry body voicing concerns about the limits of sanctions removal. We continue to foresee overall growth in power generation of just over -.- annually over the next few years, driven largely by the gas-fired segment of the thermal sector, with fiscal constraints and the wider macroeconomic outlook likely preventing the government s ambitious plans coming to full fruition, especially in the largely untested renewables segment. ...

  
Source:
Document ID
1755-7054
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Iran Power Report" Oct 22, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Iran-Power-Report-2026-2625>
  
APA:
Business Monitor International - Industry Reports. (2016). Iran Power Report Oct 22, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Iran-Power-Report-2026-2625>
  
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