Electricity sector – Brighter outlook for hydropower plants in 2025
- Total electricity consumption volume to increase in 2024-2025 due to the increase in manufacturing activities and the residential power demand. However, we are yet to be optimistic on business performance of hydropower plants in 2024.
- 2025F outlook for hydropower generation companies to be brighter due to (1) strong volume growth due to a La Nina phase returning in H2 2024, (2) the average electricity selling price for hydropower plants would hardly decline, while that could increase once EVN improve its financial performance.
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