Cambodia Market Research
The Cambodia power research opines that by the end of the estimate period of 2014, Cambodia will be consuming only 0.04% of the total power consumption in the Asia Pacific region, while it will be producing a slight surplus. T...
Cambodia Market Research
The Cambodia power research opines that by the end of the estimate period of 2014, Cambodia will be consuming only 0.04% of the total power consumption in the Asia Pacific region, while it will be producing a slight surplus. This marginal surplus will prove as the basis for exports for Cambodia to other nations in the Asia Pacific region. The total power generation in the Asia Pacific region was 7308 terawatt hours in 2014, while this was an increase of 2.6% from the last year. This is further expected to rise up to 9725 terawatt hours by the end of the year 2014 with an increase percentage of 26.2%. The Asia Pacific thermal power generation accounted for almost 80% of the total electricity which was produced. By the end of year 2014, the production level of thermal electricity would be 7600 terawatt hours, which would have increased at a rate of 23.7% thus decreasing the share of thermal electricity to 78.7%. One of the primary reasons for this is the generation of electricity through other methods such as nuclear generation, renewable sources and the like. Research reports say that Cambodia’s share of production in 2009 was a minimal 0.03% which amounted to 1.8 TWh. It is expected to rise slightly by the end of the estimate period and go up to 0.04%. The reason why Cambodia has such low dependence on fuel generation and consumption is that almost 73% of all the energy which is consumed is in the form of direct burning of organic fuels while oil accounts for the rest 26%. Hydroelectric fuels account for very less while coal and gas have not yet been added to the list.
The BMI research indicates that the Cambodian GDP will rise by 6.1% in the estimate period from 2010-2014 while the estimate for 2010 is 4.8%. The population in Cambodia is expected to increase marginally from 14.8mn to 15.1mn by the end of 2014 than what it is currently. Apart from this, the per capita GDP and electricity consumption is also estimated to increase by 67% and 69% respectively. The estimated annual electricity generation is supposed to increase by 17% till 2014, which will provide the slight surplus for the increase in consumption of electricity from 1.8TWh to 3 TWh. But there is a potential of electricity shortages if the demand exceeds the supply even by a marginal amount. In the long term forecast period of 2010-2019, there is an estimate of electricity generation rising by 414.2% in Cambodia. This will make it the fastest growing country in the Asia-Pacific region. Hydro consumption is also expected to rise exorbitantly by 3550%, since it is from a very low base. The research also estimates that there is going to be an increase in thermal power generation by 116% by the end of 2019.