In 2015 and early 2016 the state rolled out a series of reforms and initiatives aimed at shoring up the country’s energy industry, including expanding the national electricity grid, particularly in rural areas; developing new renewable energy sources; opening up the hydrocarbons sector to greater foreign investment; and working to introduce a new fuel pricing formula, which has the potential...
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Chapter | Energy & Utilities from The Report: Sri Lanka 2016
Sri Lanka’s investment environment is set to become more balanced, transparent and predictable, with the elections of 2015 largely heralded as a win for inclusive governance, providing a fresh five-year mandate for an administration committed to economic revolution. As the country looks to broaden its investor base, it is hoped that policy changes and plans brought in by the new government will attract the added investment needed to help the country reach its growth goals.
A new wave of investments in Papua New Guinea’s energy sector could see some $19bn of projects launched in the coming years, boosting the country’s liquefied natural gas (LNG) output and providing employment to thousands.
The start of new gas production in Ghana has significantly improved the prospects for long-term growth in the country, although efforts to exploit domestic reserves for local power generation faced a minor setback earlier this year.
Economic update | Indonesia expands energy capacity
13 May 2016
To ensure energy security and meet growing demand for electricity, the Indonesian government is looking to expand its generation capacity through a mix of traditional and alternative sources, including geothermal and new coal technology.
Articles & Analysis | Major regional and global developments leading to improvements in Abu Dhabi's energy sector from The Report: Abu Dhabi 2016
While Abu Dhabi continues to diversify its economy, oil and gas nevertheless remain the emirate’s mainstays, representing more than half of GDP in 2015 and accounting for more than 90% of government revenues, according to figures from the Statistics Centre - Abu Dhabi (SCAD). Despite the impact of low oil prices on the sector, the government...