New Investments to Drive Power Demand in the Eastern European Region

Bharatbook added a new report on "Power Market in Eastern Europe to 2020: New Investments to Drive Power Demand in the Region" which gives the growth and investment of power market in Eastern Europe.

Online PR News – 09-August-2010 – – Power Market in Eastern Europe to 2020: New Investments to Drive Power Demand in the Region

The report gives an in-depth analysis of the top 10 Eastern Europe power markets, (Russia, Lithuania, Bulgaria, Slovakia, Poland, Hungary, Romania, Croatia, Czech Republic and Ukraine). The research analyzes the regulatory framework and infrastructure of the power sector in these 10 countries. It provides a detailed forecast of the installed capacity by thermal, hydro, renewable and nuclear sources in each of the top 10 countries to 2020. The report also includes detailed information on the active and upcoming power plants in the top 10 Eastern European power markets. ( )

Growing Economy in the East European Countries will Lead to Increased Generation and Consumption of Electricity
Most of the Eastern Europe countries will see a growth in electricity consumption. Increase in electricity consumption will require increased generation in the countries. This region has shown increased consumption during the period 2000¬2008 due to industrialization, increasing population and extreme climate conditions. In the year 2009, the total consumption of the entire Eastern Europe declined due to the economic downturn. Since the industry sector, which consumes the highest percentage of electricity, was negatively affected by the global economic downturn, there was an overall decline in total power consumption during this period. Electricity consumption is expected to increase moderately during the forecast period 2010– 2020 due to increasing personal income and resulting electricity demand.

Clean Power Poised for Significant Growth with Increasing Investments and Government’s Proposed Incentives and Subsidies
In order to achieve the targets, the governments of these countries have formulated numerous legislations and are actively promoting renewable energy development. The governments are also providing various incentives and benefits to the developers of renewable power plants in order to promote clean sources of energy for future electricity generation. In Eastern Europe Countries, green tariff system has so far been successful in attracting the interest of foreign investors towards the renewable power.

Key Players Account for a Major Share of the Power Market in Eastern Europe Countries
The top three or four power companies in most of the countries in Eastern Europe constitute the major generating capacities in the country. In nearly all the Eastern European countries except Russia, top power companies contributed 60% -100% of the installed capacity.
In countries such as Bulgaria, Slovakia, Czech Republic and Croatia, the largest power company contributes a share of 60% -100% to the total installed capacity in the country.

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