Angola Power EPC Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Angola Power EPC Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The power EPC market in Angola is expected to grow at a CAGR of more than 2.05% during the forecast period. Factors, such as increasing demand for electricity due to rapid urbanization and population growth, especially in the capital city of Luanda is expected to drive the market. However, lower private participation and underdeveloped grid infrastructure are expected to restrain the studied market during the forecast period.

Key Highlights

• Hydropower is expected to witness significant growth in the power generation EPC market during the studied period.
• Angola holds great potential for the renewable energy sector. The country has been planning to diversify its power generation from coal, and oil to renewable. Thus, this is expected to provide a great opportunity for the power EPC market.
• Ambitious government plans and targets for rapid urbanization, which are expected to require more power and transmission network, are expected to drive the Angola power EPC market during the forecast period.

Key Market TrendsHydropower Generation to Witness Significant Growth

• Angola’s hydropower potential is among the highest in Africa, estimated at 18.2 GW. The government’s aim is to substantially grow its hydropower generation capacity from its current levels of around 2041 MW in 2019 to 9,000 MW by 2025.
• The country has exceptional hydro resources, with 159 sites identified in previous studies as having potential for large hydropower plants, in addition to those already under construction or decided upon. For instance, in January 2018, the Angolan government took two new loans with a combined value of USD 396 million to be invested in the Laúca Hydroelectric Plant.
• The Angolan government is also planning to open up the energy market for private investors in the near future, especially with regard to smaller hydropower projects.
• Further, the government is also planning to develop the hydropower industry by integrating hydropower plants with natural gas-fired power plants. This kind of integration is assumed to enable a secure and competitive system, even in drought years.
• Thus, the great potential of hydropower combined with the government efforts to develop hydro power industry are expected to provide hydropower power generation a great capability during the forecast period.

Ambitious Government Plans to Drive the Market

• Available generation capacity in Angola has grown significantly over the past years, however, power demand is still suppressed. Suppressed demand results in frequent power supply cut along with widespread use of generators for auto-consumption, with a greater incidence in the humid months due to the use of air conditioning.
• In order to meet these challenges, the Angolan government has developed a series of policies and laws in the past years to define the main objectives and orientations of the energy and electric sector. Angola government now has the ambition to electrify adequately every provincial and municipal capital, and of bringing basic energy services to all of the country’s population.
• The growth of generation capacity and the expansion of the grid, as well as the mobilization of private capital, are the strategic long-term axes established in the policy and strategy for National Energy Security (2018-2025), with impact on the long term development of the country and on the diversification of the national economy.
• Therefore, such government initiatives are expected to drive the power EPC market during the forecast period.

Competitive Landscape

The Angola power EPC market is moderately fragmented. Some of the key players are Isolux Corsan, S.A., Gesto-Energia S.A., Anglo Belgian Corporation, AEE Power Corporation, and Siemens AG.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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