Utilities

Faced with increasing consumer demand, the water and power sector is receiving a $37.5bn injection of state funding in 2014. These projects, chiefly in power generation, will be accompanied by a restructuring of the mostly state-owned power company that accounts for 85% of public supply. Electricity subsidies remain in place, with consumer prices near production costs, making them well below global levels. Considerable efforts are also being directed at reducing consumption and increasing efficiency of power use. Ambitious targets for renewable energy have been set, and there are considerable opportunities for investors as electricity expands.