Angola Power EPC Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Power Generation and Power Transmission and Distribution

Market Snapshot

Angola Power EPC Market
Study Period: 2016 - 2026
Base Year: 2020
CAGR: >2.05 %

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Market Overview

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.

  • 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.

Scope of the Report

The Angola power EPC market report includes:

Power Generation Scenario
Thermal
Hydroelectric
Other Types

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Key Market Trends

Hydropower 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.
Angola Power EPC Market

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.
Angola Power EPC Market

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Installed Power Capacity Forecast in MW, till 2025

    3. 4.3 Primary Energy Consumption, by Fuel Type, 2018

    4. 4.4 Electricity Generation and Consumption Forecast, 2018-2025

    5. 4.5 Electricity Generation, by Fuel Type, 2019

    6. 4.6 Recent Trends and Developments

    7. 4.7 Government Policies and Regulations

    8. 4.8 Market Dynamics

      1. 4.8.1 Drivers

      2. 4.8.2 Restraints

    9. 4.9 Supply Chain Analysis

    10. 4.10 PESTLE Analysis

  5. 5. MARKET SEGMENTATION AND ANALYSIS (Qualitative Analysis)

    1. 5.1 Power Generation Scenario

      1. 5.1.1 Thermal

      2. 5.1.2 Hydroelectric

      3. 5.1.3 Other Types

    2. 5.2 Power Transmission and Distribution Scenario

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 EPC Developers

        1. 6.3.1.1 Isolux Corsan, S.A.

        2. 6.3.1.2 Gesto-Energia S.A.

        3. 6.3.1.3 Anglo Belgian Corporation

        4. 6.3.1.4 AEE Power Corporation

      2. 6.3.2 Original Equipment Manufacturers

        1. 6.3.2.1 General Electric Co.

        2. 6.3.2.2 AE Energia

        3. 6.3.2.3 Siemens AG

        4. 6.3.2.4 Andritz Hydro GmbH

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Angola Power EPC Market market is studied from 2016 - 2026.

The Angola Power EPC Market is growing at a CAGR of >2.05% over the next 5 years.

Isolux Corsan, S.A., Gesto-Energia S.A., Anglo Belgian Corporation, AEE Power Corporation, Siemens AG are the major companies operating in Angola Power EPC Market.

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