Indonesia Power Generation Capacity is Estimated to Reach 90.1 GW by 2022
Transparency Market Research has released a new market research report titled Power Generation Market – Indonesia Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022. According to the report, the power generation capacity in Indonesia stood at 44.4 GW in 2013 and is projected to reach 90.1 GW, expanding at a CAGR of 8.5% between 2014 and 2022. Power generation in Indonesia stood at 206.5 TWh in 2013 and is anticipated to register a growth rate of 9.1% between 2014 and 2022 to reach 442.5 TWh by 2022.
The report also provides an estimated power generation market based on the cost of sales of electricity. According to the study, the power generation market in Indonesia was valued at USD 14.1 billion in 2013 and is projected to reach USD 63.6 billion by 2022, expanding at a CAGR of 18.7% between 2014 and 2022.
Browse to access In-depth research report on Indonesia Power Generation Market with detailed charts and figures: http://www.transparencymarketresearch.com/indonesia-power-generation-market.html
Coal is the primary source of power generation in this region and the ranking of coal-fired power generation in the global power generation mix is unlikely to decline in the near future. A country’s economic growth is highly reliant on the development of its electricity sector. Indonesia is currently experiencing a phase of high economic growth which needs to be supported by an equivalent growth in the volume of electricity supply. The country’s electricity demand grows by nearly 9.0% per year, which is substantially higher than the annual growth in the electricity generated in the past years.
Coal-fired power generation accounted for 54.7% of the total electricity generated in the country in 2013. Consumption of electricity generated from thermal coal-fired power plants is expected to nearly double by 2025. Coal is expected to retain its position as the most important fuel in the power generation mix of Indonesia throughout the forecast period. Investments are also anticipated to increase in the power infrastructure sector in Indonesia. This sector is relatively underdeveloped and has been lagging behind the other sectors in the past. The government has implemented several policies to attract foreign investments in Indonesia’s power sector.
The Indonesian government has set targets to increase electrification rate and to reduce greenhouse gas emissions by 2020. These targets are likely to drive substantial investments in the country’s power generation sector, particularly in the renewable energy sector. Increasing substitution of oil-fired power plants by natural gas and a general interest towards constructing natural gas-fired power plants in the country are driving interests in the natural gas-fired power plants in Indonesia. In order to diversify the power generation mix from oil-based to non-oil based, the government has assigned PLN to accelerate capacity additions of power plants using coal, gas, and renewable energy as a fuel.
A substantial number of high-quality geothermal resources and strong government support towards diversification of the energy portfolio are among the major drivers of growth in the geothermal power generation market in Indonesia. The country has abundant geothermal resources, amounting to nearly 28.0 GW, of which only 1.6 GW have been harnessed as of 2013. The Indonesian government has set a target of adding 5.0 GW of new geothermal power generation capacity by 2025.
Key participants in the power generation market in Indonesia include Alstom, PT Arutmin Indonesia, Asia Resource Minerals plc, Chevron Indonesia, Hyundai Engineering Co. Ltd., Medco Power Indonesia, Mitsubishi Heavy Industries Ltd., PT Adaro Energy Tbk., PT Bumi Resources Tbk., PT Cirebon Electric Power, PT Geo Dipa Energi, PT Harum Energy Tbk., PT Indonesia Power, PT Jawa Power, PT Pertamina Geothermal Energy, PT PLN, PT Wartsila Indonesia, PT. Pembangkitan Jawa-Bali, Siemens AG, United Coal Indonesia. The report provides an overview of these companies, followed by their financial overview, business strategies, technical performance analysis, operational standards, and awards and achievements.