Sri Lanka Power Report 2014 - New Report Available

Fast Market Research recommends "Sri Lanka Power Report 2014" from Business Monitor International, now available

[UKPRwire, Mon Sep 15 2014] Sri Lanka will look to coal and renewables to meet its energy needs for the next three to five years, as alternatives offered by gas-fired power generation remain too costly and the necessary pipeline links, LNG facilities and distribution system are still lacking. More urgently, p lans for coal and renewable generation , as well as the cross-border energy trade with India have yet to be firmed up. That said, we believe that o il will gradually become less significant in the Sri Lankan power generation mix, as the government appears to be putting well-thought policies in place and private sector investors appear more confident of the country's business environment.

Sri Lanka relies most significantly on oil, hydropower and increasingly, coal, generation to meet the country's electricity demand, but has looked to the possibility of introducing liquidified natural gas (LNG) generation, which thus far has been excluded because of the lack of infrastructure and high cost of fuel vis-a-vis coal prices. In part, this reflects the country's improving economic outlook which should see electricity demand rise as well. While state-owned Ceylon Electricity Board (CEB), has demonstrated its keenness to grow the generation pool to ensure that there is sufficient power as demand grows in its Long Term Generation Expansion Plan, we note that it is also keen to cap the use of pollutive fuel sources.

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The country's hydropower potential has been the main recipient of state power investments, with over two-thirds of its estimated 2GW potential already harnessed. With the retirement of some capacity owned by independent power producers (IPP), the state utility is actively harnessing opportunities to enhance the capacity of its existing hydropower plants, plans for new capacity has been mostly centred on coal-type plants. Power generation by hydro plants has in recent months been reduced by drought, but government policy is still...

The Sri Lanka 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 Sri Lanka 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 Sri Lanka to test other views - a key input for successful budgeting and strategic planning in the power market.

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