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Fiji Electric Power Transmission & Distribution (T&D) Infrastructure Industry Analysis
Fiji, an island nation located in the South Pacific, has a small and developing electricity market. The country is heavily reliant on imported fossil fuels to generate electricity, making it vulnerable to fuel price fluctuations and supply disruptions. The Electric Power Transmission & Distribution Infrastructure industry in Fiji is dominated by the government-owned Fiji Electricity Authority (FEA).
Current Scenario:
As of 2021, the FEA operates and maintains a transmission network of approximately 1,875 km and a distribution network of over 11,000 km. The network covers about 95% of Fiji's population and serves approximately 200,000 customers. The majority of electricity generation in Fiji is from diesel generators, with renewable energy sources contributing only a small fraction.
Construction of New Projects:
In recent years, Fiji has been investing in renewable energy sources, primarily hydroelectric power and solar power. The government has set a target of generating 100% of the country's electricity from renewable sources by 2036. To achieve this goal, the FEA is investing in a number of new renewable energy projects, including the 15MW Ba River hydroelectric power station and the 5MW Kinoya solar power plant. In addition, the FEA is also upgrading its existing transmission and distribution infrastructure to improve the reliability and efficiency of the network.
Major Drivers:
The major drivers of the Electric Power Transmission & Distribution Infrastructure industry in Fiji include the country's growing population and economy, the need to reduce reliance on imported fossil fuels, and the increasing demand for electricity from both residential and commercial customers. The government's commitment to increasing the use of renewable energy sources is also a major driver, as is the need to upgrade the existing infrastructure to improve its reliability and efficiency.
Industry Outlook:
The outlook for the Electric Power Transmission & Distribution Infrastructure industry in Fiji is positive. The government's commitment to increasing the use of renewable energy sources and the investment in new renewable energy projects will drive growth in the industry. However, the high cost of renewable energy technology and the country's reliance on imported fossil fuels remain significant challenges for the industry. The government's ability to attract investment in the industry will also be a key factor in its future success. Overall, the industry is expected to continue to grow and modernize, with a focus on improving the reliability and efficiency of the network, as well as increasing the use of renewable energy sources.
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