New Report Available: Slovakia Power Report Q3 2014
New Energy market report from Business Monitor International: "Slovakia Power Report Q3 2014"
[UKPRwire, Thu Aug 14 2014] The energy sector will expand steadily in the short and longer term. An expansion of Slovakia's nuclear capacity will drive generation, while a steady expansion of its manufacturing sector will drive consumption. By mid-decade, Slovakia should become a net exporter of energy. However, risks remain, such as interference in pricing by the government and the rising costs of the project to build two new reactors at the Mochovce nuclear power plant. Several major investments planned for the years ahead may experience delays or fail to materiali s e altogether.
Key Trends And Developments
* Overall power generation is forecast to rise by 6.2% in 2016 to 24.28 TWh, and by 19.1% over the next few years to 2023, on the back of strong growth in the generation of nuclear energy and rapid growth in non-hydro renewables.
* In March, the government raised objections to the European Commission's proposed cut of 40% in carbon emissions reductions by 2030 and increased use of renewable power.
* In March, a gas interconnector was opened to Hungary, ensuring the Slovakia will continue to receive gas supplies with which to generate power, despite the prospect of a suspension from its pipeline to Ukraine.
* In March, negotiations with the Russian company Rosatom over the expansion of a new reactor block at the Bohunice nuclear power station collapsed following a disagreement over pricing.
* In March, Rosatom announced that it would transport nuclear fuel to Slovakia by air, following a ban on the shipment of nuclear fuel cycle products by rail across Ukraine.
* In April, the Slovak company Transpetrol issued a EUR9.5mn contract notice for the purchase and supply of electricity for a two-year period.
* In April, Geotherm Košice (a subsidiary of Slovenský plynárenský priemysel) announced that it had completed all the necessary engineering preparations for developing a 23,000 MWh geothermal station in Svinica-?urkov in eastern Slovakia.
* In April 2014, shareholders...
Full Report Details at
The Slovakia Power Report features Business Monitor International (BMI)'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 Slovakia 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.
* Use BMI's independent industry forecasts for Slovakia to test other views - a key input for successful budgeting and strategic planning in the power market.
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