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BMI View: BMI's core view is that, whilst the Russian power market sector benefits from considerable market size and widespread electricity export links, a whole host of challenges still face prospective investors in the sector. Macroeconomic trends, coupled with a declining population, are set to take a toll on power demand, with policies mergers and regulatory developments suggesting that the government's approach to the electricity sector is muddled. While we expect Russia to converge steadily towards developed standards of wealth, we caution that structural risks, including a weak business environment and poor institutional capacity, will remain a pertinent risk to project development across the power sector over the long term, and continuous delays put the country's fairly ambitious targets for conventional sources and renewable in jeopardy.
The Russian Federation is currently one of the top electricity generating economies in the world. Yet, a number of concurring factors point to the fact that the diverse components of Russia's power market will see rather moderate growth over our 10-year forecast period to 2022. BMI's Country Risks analysts anticipate that Russian growth will slow markedly over the period, with real GDP growth to average 3.9% between 2013 and 2022.
BMI View: BMI's core view is that, whilst the Russian power market sector benefits from considerable market size and widespread electricity export links, a whole host of challenges still face prospective investors in the sector. Macroeconomic trends, coupled with a declining population, are set to take a toll on power demand, with policies mergers and regulatory developments suggesting that the government's approach to the electricity sector is muddled. While we expect Russia to converge steadily towards developed standards of wealth, we caution that structural risks, including a weak business environment and poor institutional capacity, will remain a pertinent risk to project development across the power sector over the long term, and continuous delays put the country's fairly ambitious targets for conventional sources and renewable in jeopardy.
The Russian Federation is currently one of the top electricity generating economies in the world. Yet, a number of concurring factors point to the fact that the diverse components of Russia's power market will see rather moderate growth over our 10-year forecast period to 2022. BMI's Country Risks analysts anticipate that Russian growth will slow markedly over the period, with real GDP growth to average 3.9% between 2013 and 2022.
BMI Industry View
SWOT
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
Table: Russia Total Electricity Generation Long-Term Forecasts
Table: Russia Electricity Generating Capacity Data And Forecasts
Table: Russia Electricity Generating Capacity Long-Term Forecasts
Electricity Consumption
Table: Russia Total Electricity Consumption Data And Forecasts
Table: Russia Total Electricity Consumption Long-Term Forecasts
Transmission & Distribution, Imports & Exports
Table: Russia Electric Power Transmission And Distribution Losses Data And Forecasts
Table: Russia Electric Power Transmission And Distribution Losses Long-Term Forecasts
Table: Russia Trade Data And Forecasts
Table: Russia Trade Long-Term Forecasts
Industry Risk/Reward Ratings
CEE Power Risk/Reward Ratings
Table: CEE Power Risk/Reward Ratings (Scores Out Of 100)
Russia Power Risk/Reward Ratings
Rewards
Risks
Market Overview
Key Policies And Market Structure
Regulation and Competition
Sustainable Energy Policies
Pricing
Russia Power Projects Database
Table: Major Projects - Power
Competitive Landscape
Federal Grid Company (FGC)
Inter RAO UES
Gazprom Energoholding
E.ON
Enel
Company Profile
E.ON
Inter RAO UES
Regional Overview
CEE Industry Overview
Glossary
Table: Glossary of Terms
Methodology
Industry Forecasts
Power Industry - Data Methodology
Generation and Consumption Data
Electricity Generating Capacity Data
Power Risk/Reward Ratings Methodology
Table: Power Risk/Reward Indicators
Sources
SWOT
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
Table: Russia Total Electricity Generation Long-Term Forecasts
Table: Russia Electricity Generating Capacity Data And Forecasts
Table: Russia Electricity Generating Capacity Long-Term Forecasts
Electricity Consumption
Table: Russia Total Electricity Consumption Data And Forecasts
Table: Russia Total Electricity Consumption Long-Term Forecasts
Transmission & Distribution, Imports & Exports
Table: Russia Electric Power Transmission And Distribution Losses Data And Forecasts
Table: Russia Electric Power Transmission And Distribution Losses Long-Term Forecasts
Table: Russia Trade Data And Forecasts
Table: Russia Trade Long-Term Forecasts
Industry Risk/Reward Ratings
CEE Power Risk/Reward Ratings
Table: CEE Power Risk/Reward Ratings (Scores Out Of 100)
Russia Power Risk/Reward Ratings
Rewards
Risks
Market Overview
Key Policies And Market Structure
Regulation and Competition
Sustainable Energy Policies
Pricing
Russia Power Projects Database
Table: Major Projects - Power
Competitive Landscape
Federal Grid Company (FGC)
Inter RAO UES
Gazprom Energoholding
E.ON
Enel
Company Profile
E.ON
Inter RAO UES
Regional Overview
CEE Industry Overview
Glossary
Table: Glossary of Terms
Methodology
Industry Forecasts
Power Industry - Data Methodology
Generation and Consumption Data
Electricity Generating Capacity Data
Power Risk/Reward Ratings Methodology
Table: Power Risk/Reward Indicators
Sources
