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Government Investments in Infrastructure Drive Angola's Electricity Industry Reveals Frost & Sullivan - Frost & Sullivan forecasts that spending on electricity infrastructure in Angola will reach $8.4 billion over the next few years
Government Investments in Infrastructure Drive Angola's Electricity Industry Reveals Frost & Sullivan

 

NewswireToday - /newswire/ - Cape Town, South Africa, 2009/10/27 - Frost & Sullivan forecasts that spending on electricity infrastructure in Angola will reach $8.4 billion over the next few years.

   
 
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Together with the country's robust economic growth, this massive government investment in infrastructure development is set to boost Angola's electricity industry.

New analysis from Frost & Sullivan (energy.frost.com), Strategic Analysis of the Angolan Electricity Industry, finds that Angola's two state-owned utilities earned revenues of $356.0 million in 2008 and estimates this to reach $450.0 million in 2015. The following application sectors are covered in this analysis: construction, government/utilities, industrial, oil & gas and mining.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an email to Patrick Cairns, Corporate Communications, at patrick.cairns[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brief brochure will be sent to you by email.

"Angola's rapid economic growth has undoubtedly resulted in high levels of demand for electricity by both residential and commercial end users," notes Frost & Sullivan Programme Manager Cornelis van der Waal. "Despite the current financial crisis, the Angolan government is expected to continue its reconstruction programme, with greater emphasis on the development of electricity infrastructure."

Frost & Sullivan expects the Angolan power industry to grow by 20 per cent by 2015. The Angolan Government has also channelled $2.5 billion into the power sector to improve its capacity and efficiency. Such trends augur well for the future of the electrity industry in the country.

However, the poor state of existing infrastructure and lack of skilled labour threaten to impede rapid industry development. In addition, the high level of capital required to build a power plant is a major factor hampering industry expansion.

"Despite massive government investments, inadequate infrastructure is one of the key obstacles to the growth of the Angolan electricity industry," says Van der Waal. "The poor state of ports and roads, as well as sub-economic tariffs, is also likely to slow down the growth of this industry over the next two to five years."

In accordance with the Angolan programme for the development of the electricity industry, the country will need about 800 engineers to meet the development needs of the industry over the next five years.

"The country has a profound human resources crisis," cautions Van der Waal. "This is forcing Chinese companies developing projects in Angola to import 95 per cent of their manpower, triggering criticism from international agencies."

Strategic Analysis of the Angolan Electricity Industry is part of the Energy & Power Growth Partnership Services programme, which also includes research in the following markets: Angolan Power Generator & Equipment Suppliers, Angolan Power Suppliers and, Angolan Power Distributors. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents.

Strategic Analysis of the Angolan Electricity Industry / M3E3

 
 
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Government Investments in Infrastructure Drive Angola's Electricity Industry Reveals Frost & Sullivan

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