The thermal power market in Indonesia has shown commendable growth in the period 2008-2013 showcasing a CAGR of 9.6%. This noteworthy performance is largely attributed to the rise in the number of Independent Power Producers and an economy with a healthy growth rate which renders a high demand for power. The trend is expected to continue with the market nearing 100% electrification rate and new projects entering the market. A steady economic growth, a rising demand and government’s continuous efforts for a higher electrification ratio translated into a high growth period for the market value of the total production by the thermal power industry.
Coal will sustain its dominance in the market and will be followed by geothermal energy which looks on course to increase its share in the total market. Though PLN will continue to hold the majority of the market in both, thermal power and total power, the share of IPPs will register a growth due to the advent of FTP phase-II.
The Indonesia thermal power market is envisaged to grow at a substantial rate due to the significant surge in production capacity by IPPs with enhancement in the geothermal power projects’ number and capacity. This growth is estimated to be fueled with substantial surge in demand from the expansion in the user base due to increasing reach of electric grid and the growing economy.
The report titled “Indonesia Thermal Power Market Outlook to 2018- Led by surge led by Increasing Electricity Coverage and Private Producers” provides detailed overview on the thermal power Market of Indonesia and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in the coming years. The report will help industry consultants, equipment manufacturers, new IPPs wishing to set up projects, existing players searching for expansion opportunities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.