Russia Power Report Q2 2014

Date: March 5, 2014
Pages: 92
US$ 1,295.00
Publisher: Business Monitor International
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

BMI View: A slowdown in household consumption and the Kremlin's failure to sufficiently address structural impediments to investment are likely to continue to weigh on the Russian power sector - based on the fact that power demand remains highly correlated with economic development and industrial production. While the Russian power market is huge in terms of its sheer scale, we maintain our view that it will only register subdued growth over our forecast period as macroeconomic headwinds, a difficult political environment and weak institutional capacity continue to discourage foreign investment. As such, with much of the country's aging capacity having been built in the 1960s and 1970s, we expect most of the investment that is channelled into the power sector to be targeted at modernising and substituting aging and inefficient thermal and nuclear capacity, and improving the inadequate transmission infrastructure.

Our relatively subdued outlook for the Russian power market continues to be underpinned by our downbeat forecasts for Russian economic growth this quarter. In line with our already bearish view on the Russian economy, real GDP growth continued to slow in 2013 - coming in at a modest 1.3%. While a breakdown of the Q413 result was not available at the time of writing, BMI's Country Risk team expects fixed investment to have continued to drag on growth in the fourth quarter - much like it did over the preceding nine months. at the same time, the main driver of growth over the past decade - household consumption - continues to weaken. We have said previously, that we believe such a slowdown is structural rather than cyclical and, as a consequence, unless structural reforms are implemented, economic growth is likely to remain subdued over our forecast period to 2023.
BMI Industry View
Industry Forecast
Russia Snapshot
  Table: Country Snapshot: Economic And Demographic Data
  Table: Country Snapshot: Power Sector
Russia Power Forecast Scenario
Electricity Generation And Power Generating Capacity
  Table: Russia Total Electricity Generation Data And Forecasts, 2012-2017
  Table: Russia Total Electricity Generation Long-Term Forecasts, 2018-2023
  Table: Russia Electricity Generating Capacity Data And Forecasts, 2012-2017
  Table: Russia Electricity Generating Capacity Long-Term Forecasts, 2018-2023
Electricity Consumption
  Table: Russia Total Electricity Consumption Data And Forecasts, 2012-2017
  Table: Russia Total Electricity Consumption Long-Term Forecasts, 2018-2023
Transmission & Distribution, Imports & Exports
  Table: Russia Electric Power Transmission And Distribution Losses Data And Forecasts, 2012-2017
  Table: Russia Electric Power Transmission And Distribution Losses Long-Term Forecasts, 2018-2023
  Table: Russia Trade Data And Forecasts, 2012-2017
  Table: Russia Trade Long-Term Forecasts, 2018-2023
Industry Risk/Reward Ratings
CEE Power Risk/Reward Ratings
  Table: CEE Power Risk/Reward Ratings, (Scores Out Of 100)
Russia Power Risk/Reward Ratings
Market Overview
Key Policies And Market Structure
Regulation And Competition
Sustainable Energy Policies
Russia Power Projects Database
  Table: Major Projects - Power
Competitive Landscape
Federal Grid Company (FGC)
Gazprom Energoholding
Company Profile
  Table: EON Disposal Proceeds And Dilution Overview, As Of March 13 2013
Inter RAO
Regional Overview
CEE Regional Overview
  Table: Glossary Of Terms
Industry Forecast Methodology
Risk/Reward Ratings Methodology
  Table: Power Risk/Reward Rating Indicators
  Table: Weighting Of Indicators
Russia Power Report Q3 2014 US$ 1,295.00 May, 2014 · 94 pages
Russia Power Report Q4 2014 US$ 1,295.00 Sep, 2014 · 89 pages
Russia Power Report Q1 2015 US$ 1,295.00 Nov, 2014 · 90 pages

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