Angola Power Market Size, Trends, Regulations, Competitive Landscape and Forecast, 2022-2035

The total power generation in Angola was 15TWh in 2021. The total electricity generation is expected to grow at a CAGR of more than 7% during the forecast period. Thermal power and hydropower are used as the primary source of power generation in Angola. However, the country’s hydropower potential will be exploited and there will be an increase in renewable energy power production.

The Angola power market report discusses the power market structure of Angola and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country’s power sector is also included in the report.

Angola power market overview

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What are the market dynamics in the Angola power industry?

Angola’s energy demand is expected to witness a growing trend based on the electrification rate in provincial capitals, municipal townships, and communal townships. The country is planning to give priority to grid extension and is increasing power capacity in all sub-systems through a strong reliance on hydro and partially on gas and oil. The country is also increasing its renewable energy capacity and is expected to witness the highest growth rate in this sector during 2021-2035. Biopower and solar PV are expected to add a significant share to meet the renewable energy target. The government is making an effort to reduce the sector’s reliance on subsidies and encourage outside investment into the sector.

The development of the energy sector in Angola is solely managed by the Ministry of energy and Water (MINEA). The country also has a national regulatory agency called Instituto Regulador do Sector Eléctrico (IRSE). The Angolan government is prioritizing the increase of electric power availability in the country to diversify the economy and meet the increasing energy demand of a growing population. The government’s announcement to reduce government subsidies will result in higher fuel and electricity prices. This is expected to create demand for renewable energy solutions.

The renewable power sector, especially solar photovoltaic (PV) and wind power are expected to be promoted by the government through portfolio standards and feed-in-tariffs (FiTs). These energy sources have relatively high potential and effective governmental intervention should see considerable investment taking place in this direction.

What are the key sectors in the Angola power market?

The key sectors in the Angola power market are thermal power, hydropower, and renewable power. Within thermal power sources, oil was the dominant technology followed by gas. Major hydropower is on the river basin of the Kwanza River. Government focuses highly on increasing electric power availability through hydropower in order to diversify the economy and meet the increasing energy demand of a growing population. In 2021, within renewable power, biopower held the dominant share followed by solar PV.

Angola power market, by sector

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Which are the key companies in the Angola power market?

The key companies in the power market in Angola are Public Electricity Production Company (PRODEL-EP), the National Electricity Transport Company (RNT-EP), and the National Electricity Distribution Company (ENDE-EP). The government of Angola established them in 2014. The Public Electricity Production Company (PRODEL-EP) has been assigned as a power generation company.

Market report scope

This report provides:

• Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
• Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast for the next 14 years to 2035.
• Capacity, generation, and major power plants by technology.
• Data on leading active and upcoming power plants.
• Information on transmission and distribution infrastructure, and electricity imports and exports
• Policy and regulatory framework governing the market.
• Detailed analysis of top market participants, including market share analysis and SWOT analysis.

Reasons to Buy

• Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector.
• Identify key factors driving investment opportunities in the country’s power sector.
• Facilitate decision-making based on strong historic and forecast data.
• Develop strategies based on the latest regulatory events.
• Position yourself to gain the maximum advantage of the industry’s growth potential.
• Identify key partners and business development avenues.
• Identify key strengths and weaknesses of important market participants.
• Respond to your competitors’ business structure, strategy, and prospects.