Power Market in Eastern Europe to 2020: New Investments to Drive Power Demand in the Region by GBIResearch

VIEWS: 227 PAGES: 402

More Info
									      Power Market in Eastern Europe to 2020: New Investments
               to Drive Power Demand in the Region
     Reference Code: GBIPE0006MR                                                                                                                               Publication Date: JUL 2010

  The region will witness           Russia and Ukraine, Largest Power Markets by Installed Capacity in the Eastern Europe
  increased generation and
  consumption with growing          In the year 2009, Russia emerged as the largest power market by installed capacity among the
  economy after the 2009 -          Eastern Europe countries with a share of 59.1% in the total installed capacity. Ukraine was the
  economic downturn.                second largest market having a share of 14.1% in total installed capacity. This was followed by
                                    Poland and Czech Republic having a share of 8.4% and 4.7% in the total installed capacity.
                                    Romania had a market share of 4.2% in total installed capacity and is the fifth largest country by
                                    installed capacity among the Eastern Europe countries.
                                    Growing Economy in the Eastern Europe 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.

                                      Eastern Europe Power Market, Total Annual Power Generation and Consumption (GWh),
                                               2000-2020

                                                                                               2,500,000
                                           Total Annual Power Generation & Consumption (GWh)




                                                                                               2,000,000




                                                                                               1,500,000




                                                                                               1,000,000




                                                                                                500,000




                                                                                                      0
                                                                                                           2000              2005             2009E           2015F            2020F
                                                                                                             Total Annual Power Generation (GWh) Total Annual Power Cosumption (GWh)


                                      Source: GBI Research




Power Market in Eastern Europe to 2020: New Investments to                                                                                                GBIPE0006MR /Published JUL 2010
Drive Power Demand in the Region
                                                                                                                                                                                       Page 1
                                                                                                                       © GBI Research. This is a licensed product and is not to be photocopied
                                    Clean Power Poised for a Significant Growth with Increasing Investments and Government’s
                                    Proposed Incentives and Subsidies
                                    The countries are actively augmenting their capacity through clean energy sources, namely,
                                    nuclear and renewables (wind, solar PV, geothermal, biomass). Countries such as Czech Republic
                                    and Ukraine have plans to built nuclear reactors by 2020. Russia and Romania have set target to
                                    generate 4.5% and 38% respectively from renewable sources by 2020. Hungary is expected to
                                    increase power generation from renewable sources to 17% by 2020. Countries like Slovakia,
                                    Poland, Croatia and Romania have set target of renewable sources contributing to 14%, 15%, 20%
                                    and 24% respectively of total energy consumption by 2020. On the guidelines of the Directive on
                                    the Promotion of the Use of Energy from Renewable Sources, Lithuania has set a target for the
                                    country to generate 23% of its total primary energy requirements from renewable energy sources
                                    by 2020.
                                    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.
                                    The commitment to curtail the carbon emissions has led to growing investments in power sector.
                                    Rehabilitation Program Drives Romania and Bulgarian Power Market
                                    Eastern European countries such as Bulgaria and Romania reflect exceptional growth potential in
                                    the power plant rehabilitation and refurbishment market. The growth has been fuelled by the rollout
                                    of the major rehabilitation, refurbishment and modernization programmes. This has been planned
                                    with an objective to improve efficiency, reliability and to comply with the EU environmental
                                    standards. The Bulgarian energy reports in the beginning of this decade were suggesting that more
                                    than 40% of installed capacity of the country were to retire by 2010. Thus, the grand refurbishment
                                    projects that have been observed in the market for the last three years were a necessity to keep
                                    Bulgaria a leading electricity exporter in South-Eastern Europe. Similarly, it is estimated that around
                                    8,000 MW of Romania's thermal-electric capacity will need to be replaced or rehabilitated. The
                                    proposed rehabilitation programs will be highly dependent on the capital inflow factors. A number of
                                    international organizations, including EBRD, IBRD, World Bank, JBIC, PNB Paribas, etc. have
                                    either expressed their interest or already started financing the projects.
                                    Expansion of Power Infrastructure
                                    The transmission and distribution network in Eastern European countries is currently undergoing
                                    major upgradation. With the increasing electricity demand, the transmission network has been put
                                    under tremendous pressure to supply power without any interruptions. To ease the pressure and
                                    supply electricity efficiently, many new transmission projects are currently underway or in a
                                    planning stage.
                                    Increasing focus on renewable energy projects and high growth in this sector would demand a
                                    more robust infrastructural network. Numerous projects to build transmission networks are either
                                    underway or planned.
                                    The major areas of investment are the reconstruction of the transmission grid, the development of
                                    the transmission grid, the reconstruction and development of power plants, IT, telecommunications
                                    and control systems, amongst others.
                                    Key Players Account for the 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% in the installed capacity.
                                    In countries such as Bulgaria, Slovakia, Czech Republic and Croatia, largest power company
                                    contributes a share of 60% -100% of the total installed capacity in the country.




Power Market in Eastern Europe to 2020: New Investments to                                                GBIPE0006MR /Published JUL 2010
Drive Power Demand in the Region
                                                                                                                                       Page 2
                                                                        © GBI Research. This is a licensed product and is not to be photocopied
                                    1         Table of Contents
                                    1    Table of Contents .................................................................................................................... 3
                                      1.1       List of Tables................................................................................................................ 11
                                      1.2       List of Figures............................................................................................................... 15
                                    2    Introduction ............................................................................................................................ 18
                                      2.1       Methodology Adopted For Ranking the Eastern Europe Countries.............................. 18
                                      2.2       Country Level Parameters............................................................................................ 18
                                         2.2.1     Business Viability .................................................................................................... 18
                                      2.3       Industry Specific Parameters ....................................................................................... 19
                                         2.3.1     Power Generation ................................................................................................... 19
                                         2.3.2     Power Installed Capacity ......................................................................................... 19
                                         2.3.3     Consumption Growth Rate ...................................................................................... 20
                                      2.4       Weight Assigned To the Parameters............................................................................ 21
                                      2.5       Country Selection Methodology ................................................................................... 22
                                      2.6       GBI ResearchReport Guidance.................................................................................... 23
                                    3    Power Market in Eastern Europe ........................................................................................... 24
                                      3.1       Overview ...................................................................................................................... 24
                                      3.2       Eastern Europe Power Market, Cumulative Installed Capacity: Overview ................... 25
                                         3.2.1     Cumulative Installed Capacity by Type of Power Plant: Percentage ....................... 26
                                         3.2.2     Top Electricity Markets in Eastern Europe Countries (Selected Countries), by
                                         Installed Capacity .................................................................................................................. 27
                                      3.3       Changing Trends in Generation and Consumption in the Eastern Europe................... 29
                                      3.4       Competitive Landscape of the Power Market in the Eastern European Countries ....... 33
                                         3.4.1     Russia Power Market, Market Share of Major Power Companies ........................... 33
                                         3.4.2     Ukraine Power Market, Market Share of Major Power Companies ......................... 34
                                         3.4.3     Poland Power Market, Market Shares of Major Power Companies ......................... 35
                                         3.4.4     Czech Republic Power Market, Market Share of Major Power Generating
                                         Companies............................................................................................................................. 36
                                         3.4.5     Romania Power Market, Market Shares of the Major Power Companies................ 37
                                         3.4.6     Bulgaria Power Market, Market Share of Major Power Companies......................... 38
                                         3.4.7     Hungary Power Market, Market Share of the Major Power Companies .................. 39
                                         3.4.8     Slovakia, Power Market, Market Shares of the Major Power Companies................ 40
                                         3.4.9     Lithuania Power Market, Market Shares of the Major Power Companies by
                                         Cumulative Installed Capacity, 2009...................................................................................... 41
                                         3.4.10        Croatia Power Market, Market Shares of the Major Power Companies.............. 42
                                    4    Russia, Power Market Analysis to 2020................................................................................. 43
                                      4.1       Power Market Overview ............................................................................................... 43
                                         4.1.1     Thermal Fuels are the Dominant Source in Russia’s Power Mix............................. 43
                                         4.1.2     Continued Growth in Electricity Generation and Consumption................................ 43
                                         4.1.3     Renewable Energy is the Way Forward .................................................................. 43
                                      4.2       Russia Power Market, Import and Export Scenario...................................................... 43
                                         4.2.1     Russia Power Market, Total Annual Imports, 2000-2008 ........................................ 43
                                         4.2.2     Russia Power Market, Total Annual Exports, 2000-2008 ........................................ 45
                                      4.3       Russia Power Market, Demand and Consumption Scenario........................................ 46
                                      4.4       Russia Power Market, Annual Power Consumption, 2000-2020.................................. 47
                                         4.4.1     Russia Power Market, Cumulative Installed Capacity, 2000-2020 .......................... 49
                                         4.4.2     Cumulative Thermal Installed Capacity, 2000-2020 ................................................ 51
                                         4.4.3     Cumulative Hydro Installed Capacity, 2000-2020.................................................... 53
                                         4.4.4     Cumulative Nuclear Installed Capacity, 2000-2020................................................. 55
                                         4.4.5     Cumulative Renewable Installed Capacity, 2000-2020 ........................................... 57
                                      4.5       Russia Power Market, Annual Power Generation, 2000-2020 ..................................... 59
                                         4.5.1     Annual Thermal Power Generation, 2000-2020 ...................................................... 61
                                         4.5.2     Annual Hydro Power Generation, 2000-2020.......................................................... 63
                                         4.5.3     Annual Nuclear Power Generation, 2000-2020 ....................................................... 65


Power Market in Eastern Europe to 2020: New Investments to                                                                          GBIPE0006MR /Published JUL 2010
Drive Power Demand in the Region
                                                                                                                                                                           Page 3
                                                                                      © GBI Research. This is a licensed product and is not to be photocopied
                                         4.5.4     Annual Renewable Power Generation, 2000-2020 ................................................. 67
                                      4.6      Russia Power Market, Top Active and Upcoming Projects .......................................... 68
                                         4.6.1     Active Power Projects.............................................................................................. 68
                                         4.6.2     Upcoming Power Projects ....................................................................................... 72
                                      4.7      Russia Power Market, Regulatory Structure ................................................................ 76
                                         4.7.1     Russia Power Market, Regulatory Structure, Overview........................................... 76
                                         4.7.2     Russia Power Market, Power Sector Restructuring................................................. 76
                                         4.7.3     Russia Power Market, Renewable policy ................................................................ 77
                                      4.8      Russia Power Market, Infrastructure ............................................................................ 77
                                         4.8.1     Russia Power Market, Infrastructure Overview ....................................................... 77
                                         4.8.2     Grid Interconnection ................................................................................................ 77
                                         4.8.3     Planned Investments ............................................................................................... 78
                                         4.8.4     Distribution Overview............................................................................................... 78
                                    5    Lithuania Power Market Analysis, 2000-2020........................................................................ 79
                                      5.1      Power Market Overview ............................................................................................... 79
                                         5.1.1     Thermal Power is the Dominant Source in the Power Mix....................................... 79
                                         5.1.2     Continued Growth in Power Generation .................................................................. 79
                                         5.1.3     Renewable Energy, the Way Forward ..................................................................... 79
                                      5.2      Lithuania Power Market, Import and Export Scenario .................................................. 80
                                      5.3      Lithuania Power Market, Demand and Consumption Scenario .................................... 81
                                      5.4      Lithuania Power Market, Annual Power Consumption, 2000-2020 .............................. 82
                                      5.5      Lithuania Power Market, Cumulative Installed Capacity, 2000-2020 ........................... 84
                                         5.5.1     Cumulative Installed Capacity by Type of Power Plant: Percentage ....................... 84
                                         5.5.2     Cumulative Installed Capacity: Total Value ............................................................. 84
                                         5.5.3     Cumulative Thermal Installed Capacity, 2000-2020 ................................................ 87
                                         5.5.4     Cumulative Hydro Installed Capacity, 2000-2020.................................................... 89
                                         5.5.5     Cumulative Nuclear Installed Capacity, 2000-2020................................................. 91
                                         5.5.6     Cumulative Renewable Installed Capacity, 2000-2020 ........................................... 93
                                      5.6      Lithuania Power Market, Annual Power Generation, 2000-2020.................................. 95
                                         5.6.1     Annual Thermal Power Generation, 2000-2020 ...................................................... 97
                                         5.6.2     Annual Hydro Power Generation, 2000-2020.......................................................... 99
                                         5.6.3     Annual Nuclear Power Generation, 2000-2020 ..................................................... 101
                                         5.6.4     Annual Renewable Power Generation, 2000-2020 ............................................... 103
                                      5.7      Lithuania Power Market, Top Active and Upcoming Projects..................................... 105
                                         5.7.1     Active Power Projects............................................................................................ 105
                                         5.7.2     Upcoming Power Projects ..................................................................................... 106
                                      5.8      Lithuania Power Market, Regulatory Structure........................................................... 107
                                         5.8.1     Lithuania Power Market, Regulatory Structure Overview ...................................... 107
                                         5.8.2     Lithuania Power Market, Liberalization.................................................................. 107
                                         5.8.3     Lithuania Power Market, Development of Renewable Energy............................... 107
                                         5.8.4     Lithuania Power Market, Nuclear Policy ................................................................ 108
                                      5.9      Lithuania Power Market, Infrastructure....................................................................... 109
                                         5.9.1     Lithuania Power Market, Infrastructure Overview .................................................. 109
                                         5.9.2     Market Liberalization ............................................................................................. 109
                                         5.9.3     Grid Interconnection .............................................................................................. 109
                                         5.9.4     Future Development Plans .................................................................................... 109
                                         5.9.5     Distribution Overview............................................................................................. 111
                                    6    Bulgaria Power Market Analysis, 2000-2020 ....................................................................... 112
                                      6.1      Power Market Overview ............................................................................................. 112
                                         6.1.1     Rehabilitation Program Drives Bulgarian Power Market........................................ 112
                                         6.1.2     High Share of Nuclear and Hydro Power............................................................... 112
                                         6.1.3     Increase in Power Generation and Consumption .................................................. 113
                                      6.2      Bulgaria Power Market, Import and Export Scenario ................................................. 113
                                      6.3      Bulgaria Power Market, Demand and Consumption Scenario ................................... 115
                                      6.4      Bulgaria Power Market, Annual Power Consumption, 2000-2020.............................. 116

Power Market in Eastern Europe to 2020: New Investments to                                                                    GBIPE0006MR /Published JUL 2010
Drive Power Demand in the Region
                                                                                                                                                                  Page 4
                                                                                   © GBI Research. This is a licensed product and is not to be photocopied
                                      6.5      Bulgaria Power Market, Cumulative Installed Capacity, 2000-2020........................... 118
                                         6.5.1     Cumulative Installed Capacity by Type of Power Plant: Percentage ..................... 118
                                         6.5.2     Cumulative Installed Capacity: Total Value ........................................................... 119
                                         6.5.3     Cumulative Thermal Installed Capacity, 2000-2020 .............................................. 120
                                         6.5.4     Cumulative Hydro Installed Capacity, 2000-2020.................................................. 122
                                         6.5.5     Cumulative Renewable Power Installed Capacity, 2000-2020 .............................. 124
                                         6.5.6     Cumulative Nuclear Installed Capacity, 2000-2020............................................... 125
                                      6.6      Bulgaria Power Market, Total Annual Power Generation, 2000-2020 ........................ 127
                                         6.6.1     Bulgaria Power Market, Annual Thermal Power Generation, 2000-2020 .............. 129
                                         6.6.2     Bulgaria Power Market, Annual Hydro Power Generation, 2000-2020.................. 131
                                         6.6.3     Bulgaria Power Market, Annual Renewable Power Generation, 2000-2020 ......... 133
                                         6.6.4     Nuclear Power Generation, 2000-2020 ................................................................. 135
                                      6.7      Bulgaria Power Market, Top Active and Upcoming Projects ...................................... 137
                                         6.7.1     Active Power Projects............................................................................................ 137
                                         6.7.2     Upcoming Power Projects ..................................................................................... 138
                                      6.8      Bulgaria Power Market, Regulatory Structure ............................................................ 141
                                         6.8.1     Bulgaria Power Market, Regulatory Structure Overview........................................ 141
                                         6.8.2     Reforms Aim at Increasing Competition ................................................................ 141
                                         6.8.3     Privatisation of the Bulgarian Electricity Sector ..................................................... 141
                                         6.8.4     Bulgaria Power Market, Renewable Energy, Policies for the Future ..................... 142
                                      6.9      Bulgaria Power Market, Infrastructure ........................................................................ 142
                                         6.9.1     Bulgaria Power Market, Infrastructure Overview ................................................... 142
                                         6.9.2     Grid Interconnection .............................................................................................. 142
                                      6.10     Developments for Transmission Systems .................................................................. 143
                                    7    Slovakia Power Market Analysis, 2000-2020....................................................................... 144
                                      7.1      Power Market Overview ............................................................................................. 144
                                         7.1.1     Thermal Power is the Dominant Source in the Power Mix..................................... 144
                                         7.1.2     Continued Growth in Power Generation ................................................................ 144
                                         7.1.3     Clean Energy, the Way Forward ........................................................................... 144
                                      7.2      Slovakia Power Market, Import and Export Scenario ................................................. 144
                                      7.3      Slovakia Power Market, Demand and Consumption Scenario ................................... 146
                                      7.4      Slovakia Power Market, Annual Power Consumption, 2000-2020 ............................. 147
                                      7.5      Slovakia Power Market, Cumulative Installed Capacity, 2000-2020 .......................... 149
                                         7.5.1     Cumulative Installed Capacity by Type of Power Plant: Percentage ..................... 149
                                         7.5.2     Cumulative Installed Capacity: Total Value ........................................................... 150
                                         7.5.3     Cumulative Thermal Installed Capacity, 2000-2020 .............................................. 152
                                         7.5.4     Cumulative Nuclear Installed Capacity, 2000-2020............................................... 155
                                         7.5.5     Cumulative Renewable Installed Capacity, 2000-2020 ......................................... 157
                                      7.6      Slovakia Power Market, Annual Power Generation, 2000-2020................................. 159
                                         7.6.1     Annual Thermal Power Generation, 2000-2020 .................................................... 161
                                         7.6.2     Annual Hydro Power Generation, 2000-2020........................................................ 163
                                         7.6.3     Annual Nuclear Power Generation, 2000-2020 ..................................................... 165
                                         7.6.4     Annual Renewable Power Generation, 2000-2020 ............................................... 167
                                      7.7      Slovakia Power Market, Top Active and Upcoming Projects...................................... 169
                                         7.7.1     Active Power Projects............................................................................................ 169
                                         7.7.2     Upcoming Power Projects ..................................................................................... 171
                                      7.8      Slovakia Power Market, Regulatory Structure............................................................ 172
                                         7.8.1     Slovakia Power Market, Regulatory Structure Overview ....................................... 172
                                         7.8.2     Slovakia Power Market, Liberalization................................................................... 172
                                         7.8.3     Slovakia Power Market, Development of Renewable Energy................................ 173
                                      7.9      Infrastructure .............................................................................................................. 174
                                         7.9.1     Overview ............................................................................................................... 174
                                         7.9.2     Grid Interconnection .............................................................................................. 174
                                         7.9.3     Future Development Plans .................................................................................... 174
                                    8    Poland Power Market Analysis, 2000-2020 ......................................................................... 175

Power Market in Eastern Europe to 2020: New Investments to                                                                       GBIPE0006MR /Published JUL 2010
Drive Power Demand in the Region
                                                                                                                                                                      Page 5
                                                                                     © GBI Research. This is a licensed product and is not to be photocopied
                                       8.1      Power Market, Overview ............................................................................................ 175
                                          8.1.1    Changing Dynamics of the Poland Power Market ................................................. 175
                                          8.1.2    Increase in Power Generation and Consumption .................................................. 175
                                          8.1.3    Renewable Energy, the Way Forward ................................................................... 175
                                          8.1.4    Expansion of Power Infrastructure ........................................................................ 175
                                       8.2      Poland Power Market, Import and Export Scenario ................................................... 175
                                          8.2.1    Poland Power Market, Total Annual Imports, 2000-2009 ...................................... 176
                                          8.2.2    Poland Power Market, Total Annual Exports, 2000-2009 ...................................... 177
                                       8.3      Poland Power Market, Demand and Consumption Scenario ..................................... 178
                                       8.4      Poland Power Market, Annual Power Consumption, 2000-2020................................ 179
                                       8.5      Poland Power Market, Cumulative Installed Capacity, 2000-2020............................. 181
                                          8.5.1    Cumulative Thermal Installed Capacity, 2000-2020 .............................................. 183
                                          8.5.2    Cumulative Hydro Installed Capacity, 2000-2020.................................................. 185
                                          8.5.3    Cumulative Renewable Installed Capacity, 2000-2020 ......................................... 187
                                       8.6      Poland Power Market, Annual Power Generation, 2000-2020 ................................... 189
                                          8.6.1    Annual Thermal Power Generation, 2000-2020 .................................................... 191
                                          8.6.2    Annual Hydro Power Generation, 2000-2020........................................................ 193
                                          8.6.3    Annual Renewable Power Generation, 2000-2020 ............................................... 195
                                       8.7      Poland Power Market, Top 10 Active and Upcoming Projects ................................... 197
                                          8.7.1    Active Power Projects............................................................................................ 197
                                          8.7.2    Upcoming Power Projects ..................................................................................... 200
                                    9     Poland Power Market, Regulatory Structure........................................................................ 202
                                       9.1      Poland Power Market, Regulatory Structure, Overview ............................................. 202
                                       9.2      Poland Power Market, Energy Law Act Amendments ................................................ 202
                                       9.3      Poland Power Market, Energy Policy Until 2030 ........................................................ 202
                                       9.4      Poland Power Market, Infrastructure.......................................................................... 203
                                          9.4.1    Poland Power Market, Infrastructure Overview ..................................................... 203
                                          9.4.2    Grid Interconnection .............................................................................................. 203
                                          9.4.3    Planned Developments for Transmission Systems ............................................... 204
                                          9.4.4    Investment Scenario in Transmission Systems ..................................................... 204
                                    10    Hungary Power Market Analysis, 2000-2020....................................................................... 205
                                       10.1     Power Market, Overview ............................................................................................ 205
                                          10.1.1      Thermal Power is the Dominant Source in the Power Mix................................ 205
                                          10.1.2      Continued Growth in Power Generation ........................................................... 205
                                          10.1.3      Focus on Clean Energy Sources for Future Demand ....................................... 205
                                       10.2     Hungary Power Market, Import and Export Scenario ................................................. 205
                                       10.3     Hungary Power Market, Demand and Consumption Scenario ................................... 207
                                       10.4     Hungary Power Market, Annual Power Consumption, 2000-2020 ............................. 208
                                       10.5     Hungary Power Market, Cumulative Installed Capacity, 2000-2020 .......................... 210
                                          10.5.1      Cumulative Installed Capacity by Type of Power Plant: Percentage ................ 210
                                          10.5.2      Cumulative Installed Capacity: Total Value ...................................................... 211
                                          10.5.3      Cumulative Thermal Installed Capacity, 2000-2020 ......................................... 213
                                          10.5.4      Cumulative Hydro Installed Capacity, 2000-2020 ............................................. 215
                                          10.5.5      Cumulative Nuclear Installed Capacity, 2000-2020 .......................................... 216
                                          10.5.6      Cumulative Renewable Installed Capacity, 2000-2020..................................... 218
                                       10.6     Hungary Power Market, Annual Power Generation, 2000-2020................................. 220
                                          10.6.1      Annual Thermal Power Generation, 2000-2020 ............................................... 222
                                          10.6.2      Annual Hydro Power Generation, 2000-2020 ................................................... 224
                                          10.6.3      Annual Nuclear Power Generation, 2000-2020 ................................................ 226
                                          10.6.4      Annual Renewable Power Generation, 2000-2020........................................... 228
                                       10.7     Hungary Power Market, Top Active and Upcoming Projects...................................... 229
                                          10.7.1      Active Power Projects....................................................................................... 229
                                          10.7.2      Upcoming Power Projects ................................................................................ 232
                                    11    Hungary Power Market, Regulatory Structure ..................................................................... 234
                                       11.1     Hungary Power Market, Regulatory Structure Overview............................................ 234

Power Market in Eastern Europe to 2020: New Investments to                                                                   GBIPE0006MR /Published JUL 2010
Drive Power Demand in the Region
                                                                                                                                                                 Page 6
                                                                                   © GBI Research. This is a licensed product and is not to be photocopied
                                          11.1.1      Hungary Power Market, Market Liberalization .................................................. 234
                                          11.1.2      Hungary Power Market, Energy Efficiency ....................................................... 234
                                          11.1.3      Hungary Power Market, Renewable Energy Development............................... 234
                                          11.1.4      Hungary Power Market, Nuclear Policy ............................................................ 235
                                       11.2     Hungary Power Market, Infrastructure ....................................................................... 236
                                          11.2.1      Hungary Power Market, Infrastructure Overview .............................................. 236
                                          11.2.2      Grid Interconnections........................................................................................ 236
                                          11.2.3      Future Development Plans ............................................................................... 236
                                          11.2.4      Distribution Overview........................................................................................ 237
                                    12    Romania Power Market Analysis, 2000-2020 ...................................................................... 238
                                       12.1     Power Market, Overview ............................................................................................ 238
                                          12.1.1      Rehabilitation Program Drives the Romanian Power Market............................ 238
                                          12.1.2      Power Mix – Thermal Installed Capacity, A Dominant Source.......................... 238
                                          12.1.3      Increase in Power Generation and Consumption ............................................. 238
                                       12.2     Romania Power Market, Import and Export Scenario ................................................ 238
                                       12.3     Romania Power Market, Demand and Consumption Scenario .................................. 240
                                       12.4     Romania Power Market, Annual Power Consumption, 2000-2020 ............................ 241
                                       12.5     Romania Power Market, Cumulative Installed Capacity, 2000-2020.......................... 243
                                          12.5.1      Cumulative Installed Capacity by Type of Power Plant: Percentage ................ 243
                                          12.5.2      Cumulative Installed Capacity: Total Value ...................................................... 244
                                          12.5.3      Cumulative Thermal Installed Capacity, 2000-2020 ......................................... 246
                                          12.5.4      Cumulative Hydro Installed Capacity, 2000-2020 ............................................. 248
                                          12.5.5      Cumulative Renewable Power Installed Capacity, 2000-2020 ......................... 250
                                          12.5.6      Cumulative Nuclear Installed Capacity, 2000-2020 .......................................... 252
                                       12.6     Romania Power Market, Total Annual Power Generation, 2000-2020....................... 254
                                          12.6.1      Romania Power Market, Annual Thermal Power Generation, 2000-2020 ........ 256
                                          12.6.2      Romania Power Market, Annual Hydro Power Generation, 2000-2020............ 258
                                          12.6.3      Romania Power Market, Annual Renewable Power Generation, 2000-2020 ... 260
                                          12.6.4      Nuclear Power Generation, 2000-2020 ............................................................ 261
                                       12.7     Romania Power Market, Top Active and Upcoming Projects ..................................... 264
                                          12.7.1      Active Power Projects....................................................................................... 264
                                          12.7.2      Upcoming Power Projects ................................................................................ 266
                                       12.8     Romania Power Market, Regulatory Structure ........................................................... 268
                                          12.8.1      Romania Power Market, Regulatory Structure Overview.................................. 268
                                          12.8.2      Reforms Aim at Increasing Competition ........................................................... 268
                                          12.8.3      Privatisation of the Romanian Electricity Sector ............................................... 269
                                          12.8.4      Romania Power Market, Renewable Energy, Policies for the Future ............... 269
                                       12.9     Romania Power Market, Infrastructure....................................................................... 271
                                          12.9.1      Romania Power Market, Infrastructure Overview ............................................. 271
                                          12.9.2      Grid Interconnection ......................................................................................... 271
                                       12.10 Developments for Transmission Systems .................................................................. 271
                                    13    Croatia Power Market Analysis, 2000-2020......................................................................... 273
                                       13.1     Power Market, Overview ............................................................................................ 273
                                          13.1.1      Hydro Power is the Dominant Source in the Power Mix ................................... 273
                                          13.1.2      Continued Growth in Power Generation ........................................................... 273
                                          13.1.3      Clean Energy, the Way Forward....................................................................... 273
                                       13.2     Croatia Power Market, Import and Export Scenario ................................................... 274
                                       13.3     Romania Power Market, Demand and Consumption Scenario .................................. 275
                                       13.4     Croatia Power Market, Annual Power Consumption, 2000-2020 ............................... 276
                                       13.5     Croatia Power Market, Cumulative Installed Capacity, 2000-2020 ............................ 278
                                          13.5.1      Cumulative Installed Capacity by Type of Power Plant: Percentage ................ 278
                                          13.5.2      Cumulative Installed Capacity: Total Value ...................................................... 279
                                          13.5.3      Cumulative Thermal Installed Capacity, 2000-2020 ......................................... 281
                                          13.5.4      Cumulative Hydro Installed Capacity, 2000-2020 ............................................. 283
                                          13.5.5      Cumulative Nuclear Installed Capacity, 2000-2020 .......................................... 285

Power Market in Eastern Europe to 2020: New Investments to                                                                  GBIPE0006MR /Published JUL 2010
Drive Power Demand in the Region
                                                                                                                                                               Page 7
                                                                                  © GBI Research. This is a licensed product and is not to be photocopied
                                          13.5.6      Cumulative Renewable Installed Capacity, 2000-2020..................................... 285
                                       13.6     Croatia Power Market, Annual Power Generation, 2000-2020................................... 287
                                          13.6.1      Annual Thermal Power Generation, 2000-2020 ............................................... 288
                                          13.6.2      Annual Hydro Power Generation, 2000-2020 ................................................... 290
                                          13.6.3      Annual Nuclear Power Generation, 2000-2020 ................................................ 291
                                          13.6.4      Annual Renewable Power Generation, 2000-2020........................................... 292
                                       13.7     Croatia Power Market, Top Active and Upcoming Projects........................................ 294
                                          13.7.1      Active Power Projects....................................................................................... 294
                                          13.7.2      Upcoming Power Projects ................................................................................ 296
                                       13.8     Croatia Power Market, Regulatory Structure.............................................................. 297
                                          13.8.1      Croatia Power Market, Regulatory Structure Overview .................................... 297
                                          13.8.2      Croatia Power Market, Liberalization ................................................................ 297
                                          13.8.3      Croatia Power Market, Development of Renewable Energy............................. 297
                                          13.8.4      Croatia Power Market, Energy Efficiency ......................................................... 298
                                       13.9     Croatia Power Market, Infrastructure ......................................................................... 299
                                          13.9.1      Croatia Power Market, Overview ...................................................................... 299
                                          13.9.2      Grid Interconnection ......................................................................................... 299
                                          13.9.3      Future Development Plans ............................................................................... 299
                                          13.9.4      Distribution Overview........................................................................................ 300
                                    14    Czech Republic Power Market Analysis, 2000-2020 ........................................................... 301
                                       14.1     Power Market, Overview ............................................................................................ 301
                                          14.1.1      Thermal Power is the Dominant Source in the Power Mix................................ 301
                                          14.1.2      Continued Growth in Power Generation ........................................................... 301
                                          14.1.3      Focus on Nuclear Energy for Future Demand .................................................. 301
                                       14.2     Czech Republic Power Market, Import and Export Scenario...................................... 302
                                       14.3     Czech Republic Power Market, Demand and Consumption Scenario ....................... 303
                                       14.4     Czech Republic Power Market, Annual Power Consumption, 2000-2020................. 304
                                       14.5     Czech Republic Power Market, Cumulative Installed Capacity, 2000-2020 ............... 306
                                          14.5.1      Cumulative Installed Capacity by Type of Power Plant: Percentage ................ 306
                                          14.5.2      Cumulative Installed Capacity: Total Value ...................................................... 307
                                          14.5.3      Cumulative Thermal Installed Capacity, 2000-2020 ......................................... 309
                                          14.5.4      Cumulative Hydro Installed Capacity, 2000-2020 ............................................. 311
                                          14.5.5      Cumulative Nuclear Installed Capacity, 2000-2020 .......................................... 313
                                          14.5.6      Cumulative Renewable Installed Capacity, 2000-2020..................................... 315
                                       14.6     Czech Republic Power Market, Annual Power Generation, 2000-2020 ..................... 316
                                          14.6.1      Annual Thermal Power Generation, 2000-2020 ............................................... 318
                                          14.6.2      Annual Hydro Power Generation, 2000-2020 ................................................... 319
                                          14.6.3      Annual Nuclear Power Generation, 2000-2020 ................................................ 321
                                          14.6.4      Annual Renewable Power Generation, 2000-2020........................................... 323
                                       14.7     Czech Republic Power Market, Top Active and Upcoming Projects .......................... 324
                                          14.7.1      Active Power Projects....................................................................................... 324
                                          14.7.2      Upcoming Power Projects ................................................................................ 326
                                       14.8     Czech Republic Power Market, Regulatory Structure ................................................ 327
                                          14.8.1      Czech Republic Power Market, Regulatory Structure Overview ....................... 327
                                          14.8.2      Czech Republic Power Market, Energy Efficiency and Renewable Energy
                                          Enhancement....................................................................................................................... 328
                                          14.8.3      Czech Republic Power Market, Nuclear Policy................................................. 328
                                       14.9     Czech Republic Power Market, Infrastructure ............................................................ 329
                                          14.9.1      Czech Republic Power Market, Infrastructure Overview................................... 329
                                          14.9.2      Grid Interconnections........................................................................................ 329
                                          14.9.3      Future Development Plans ............................................................................... 329
                                          14.9.4      Distribution Overview........................................................................................ 330
                                    15    Ukraine Power Market Analysis, 2000-2020 ........................................................................ 331
                                       15.1     Power Market, Overview ............................................................................................ 331
                                          15.1.1      Thermal Power is the Dominant Source in the Power Mix................................ 331

Power Market in Eastern Europe to 2020: New Investments to                                                                       GBIPE0006MR /Published JUL 2010
Drive Power Demand in the Region
                                                                                                                                                                      Page 8
                                                                                     © GBI Research. This is a licensed product and is not to be photocopied
                                          15.1.2      Continued Growth in Power Generation ........................................................... 331
                                          15.1.3      Focus on Clean Energy Sources for Future Demand ....................................... 331
                                       15.2     Ukraine Power Market, Import and Export Scenario .................................................. 332
                                       15.3     Ukraine Power Market, Demand and Consumption Scenario .................................... 333
                                       15.4     Ukraine Power Market, Annual Power Consumption, 2000-2020 .............................. 334
                                       15.5     Ukraine Power Market, Cumulative Installed Capacity, 2000-2020............................ 336
                                          15.5.1      Cumulative Installed Capacity by Type of Power Plant: Percentage ................ 336
                                          15.5.2      Cumulative Installed Capacity: Total Value ...................................................... 337
                                          15.5.3      Cumulative Thermal Installed Capacity, 2000-2020 ......................................... 338
                                          15.5.4      Cumulative Hydro Installed Capacity, 2000-2020 ............................................. 340
                                          15.5.5      Cumulative Nuclear Installed Capacity, 2000-2020 .......................................... 342
                                          15.5.6      Cumulative Renewable Installed Capacity, 2000-2020..................................... 344
                                       15.6     Ukraine Power Market, Annual Power Generation, 2000-2020.................................. 345
                                          15.6.1      Annual Thermal Power Generation, 2000-2020 ............................................... 347
                                          15.6.2      Annual Hydro Power Generation, 2000-2020 ................................................... 349
                                          15.6.3      Annual Nuclear Power Generation, 2000-2020 ................................................ 350
                                          15.6.4      Annual Renewable Power Generation, 2000-2020........................................... 352
                                       15.7     Ukraine Power Market, Top Active and Upcoming Projects ....................................... 354
                                          15.7.1      Active Power Projects....................................................................................... 354
                                          15.7.2      Upcoming Power Projects ................................................................................ 357
                                       15.8     Ukraine Power Market, Regulatory Structure ............................................................. 358
                                          15.8.1      Ukraine Power Market, Regulatory Structure Overview.................................... 358
                                          15.8.2      Ukraine Power Market, Market Liberalization ................................................... 358
                                          15.8.3      Ukraine Power Market, Energy Efficiency......................................................... 359
                                          15.8.4      Ukraine Power Market, the Law on Alternative Energy Sources ...................... 359
                                          15.8.5      Ukraine Power Market, Feed-in Tariff Program/Green Tariff Law..................... 360
                                          15.8.6      Ukraine Power Market, Nuclear Policy ............................................................. 360
                                       15.9     Ukraine Power Market, Infrastructure......................................................................... 360
                                          15.9.1      Ukraine Power Market, Infrastructure Overview ............................................... 360
                                          15.9.2      Grid Interconnections........................................................................................ 361
                                          15.9.3      Future Development Plans ............................................................................... 362
                                          15.9.4      Distribution Overview........................................................................................ 362
                                    16    Eastern Europe Power Market, Major Power Companies.................................................... 363
                                       16.1     JSC RusHydro ........................................................................................................... 363
                                          16.1.1      JSC RusHydro, Company Overview................................................................. 363
                                          16.1.2      JSC RusHydro, Business Description............................................................... 363
                                          16.1.3      JSC RusHydro, SWOT Analysis ....................................................................... 364
                                       16.2     Energoatom Concern OJSC....................................................................................... 367
                                          16.2.1      Energoatom Concern OJSC, Company Overview ............................................ 367
                                          16.2.2      Energoatom Concern OJSC, Business Description.......................................... 367
                                          16.2.3      Energoatom Concern OJSC, SWOT Analysis .................................................. 368
                                       16.3     OAO Mosenergo ........................................................................................................ 370
                                          16.3.1      OAO Mosenergo, Company Overview.............................................................. 370
                                          16.3.2      OAO Mosenergo, Business Description ........................................................... 370
                                          16.3.3      OAO Mosenergo, SWOT Analysis.................................................................... 371
                                       16.4     Polska Grupa Energetyczna....................................................................................... 375
                                          16.4.1      Polska Grupa Energetyczna, Company Overview ............................................ 375
                                          16.4.2      Polska Grupa Energetyczna, Business Description.......................................... 375
                                          16.4.3      Polska Grupa Energetyczna, SWOT Analysis .................................................. 376
                                       16.5     JSC OGK-1 ................................................................................................................ 378
                                          16.5.1      JSC OGK-1, Company Overview...................................................................... 378
                                          16.5.2      JSC OGK-1, Business Description ................................................................... 378
                                          16.5.3      JSC OGK-1, SWOT Analysis............................................................................ 379
                                       16.6     JSC OGK-6 ................................................................................................................ 381
                                          16.6.1      JSC OGK-6, Company Overview...................................................................... 381

Power Market in Eastern Europe to 2020: New Investments to                                                                      GBIPE0006MR /Published JUL 2010
Drive Power Demand in the Region
                                                                                                                                                                    Page 9
                                                                                    © GBI Research. This is a licensed product and is not to be photocopied
                                          16.6.2      JSC OGK-6, Business Description ................................................................... 382
                                          16.6.3      JSC OGK-6, SWOT Analysis............................................................................ 382
                                       16.7     NNEGC Energoatom.................................................................................................. 385
                                          16.7.1      NNEGC Energoatom, Company Overview ....................................................... 385
                                          16.7.2      NNEGC Energoatom, Business Description..................................................... 385
                                          16.7.3      NNEGC Energoatom, SWOT Analysis ............................................................. 386
                                       16.8     JSC Dniproenergo...................................................................................................... 388
                                          16.8.1      JSC Dniproenergo, Company Overview ........................................................... 388
                                          16.8.2      JSC Dniproenergo, Business Description......................................................... 388
                                          16.8.3      JSC Dniproenergo, SWOT Analysis ................................................................. 389
                                       16.9     Tauron Polska Energia SA ......................................................................................... 391
                                          16.9.1      Tauron Polska Energia S.A., Company Overview ............................................ 391
                                          16.9.2      Tauron Polska Energia S.A., Business Description .......................................... 391
                                          16.9.3      Tauron Polska Energia S.A., SWOT Analysis .................................................. 392
                                       16.10 CEZ, a.s. .................................................................................................................... 394
                                          16.10.1     CEZ, a.s., Company Overview ......................................................................... 394
                                          16.10.2     CEZ, a.s., Business Description ....................................................................... 394
                                          16.10.3     CEZ, a.s., SWOT Analysis................................................................................ 395
                                    17    Appendix.............................................................................................................................. 399
                                       17.1     Market Definitions ...................................................................................................... 399
                                          17.1.1      Power ................................................................
								
To top