DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/06a15c/nigeria_power_repo) has announced the addition of the "Nigeria Power Report Q1 2012" report to their offering.
Plenty of work is needed if Nigeria is to extend market coverage and boost capacity, which is needed in order to ensure the absence of power shortages. There are numerous opportunities in renewables, but investment prospects are poor. The promise of nuclear over the long-term is likely to be unfulfilled, so Nigeria will likely remain over-dependent on oil, gas and hydro resources. Privatisation progress appears to be gathering momentum, which should help boost capacity.
Business Monitor International's Nigeria Power Report provides industry professionals and strategists, corporate analysts, power associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Nigeria's power industry.
Over-dependence on gas-fired power generation has resulted in supply disruptions during periods of gas shortage. The low level of gas pricing means that producers favour exports, while cheap electricity makes investment in new capacity unattractive. There is a belated focus on solar, wind, geothermal and other forms of renewable supply in order to help with medium-term supply expansion. Key trends and recent developments in the Nigerian electricity market include:
- In June 2010, the government revealed that the country will need to spend around US$6bn a year on electricity generation and distribution if it wants to become one of the 20 most industrialised nations in the world by 2020.
- During the period 2011-2021, Nigeria's overall power generation is expected to increase by an annual average of 7.07%, reaching 48.4TWh.
- Nigeria has abundant renewable energy resources, led by solar energy, biomass, wind and hydropower, with potential existing for geothermal and tidal power. The current state of renewable power generation use is very low. There is a lack of appropriate policy and regulatory and institutional framework to stimulate demand and attract investors.
- Following an increase in 2011 real GDP of an estimated 7.3%, BMI forecasts average annual growth of 7.2% between 2011 and 2021.
- Thanks partly to the forecast rise in net generation - growth of which barely matches the underlying demand trend - Nigeria is faced with a growing power supply shortfall.
Key Topics Covered:
- SWOT Analysis
- Global Industry Overview
- Regional Industry Overview
- Industry Forecast Scenario
- Electricity Generation and Power Generating Capacity
- Electricity Consumption
- Transmission & Distribution, Imports & Exports
- Key Policies/Market Structure
- Regulation and Competition
- Key Projects Database
- Business Environment
- Nigeria Power Risk/Reward Ratings
- Competitive Landscape
For more information visit http://www.researchandmarkets.com/research/06a15c/nigeria_power_repo