What is the future outlook for the Brunei power market?

The Brunei Power Market is expected to register a CAGR of greater than 1.5% during the forecast period. Nearly 18% of Brunei's primary energy consumption comes from oil-fired thermal energy, while almost all of the remaining comes from natural gas-fired power plants.

Is natural gas the main source of electricity in Brunei?

Although natural gas is the primary source of electricity in Brunei, in the upcoming period, renewables are expected to expand their share and drive the power market of Brunei during the forecast period. The Bruneian power market is consolidated.

How does Brunei generate electricity?

Power generation uses a variety of sources, ranging from fossil fuels like natural gas and oil to renewable sources like wind and solar. The energy mix for electricity generation in Brunei is dominated by fossil fuels, which accounted for nearly 99.9% of the power generation in 2020.

Does Brunei have solar power?

Brunei has significant solar potential, and the Bruneian government is trying to utilize the solar potential of the country. The government has committed to a target of installing 100 MWp of solar capacity by 2025, which is expected to drive the demand for players in the solar energy segment of the Bruneian power market during the forecast period.

What are the major companies in the Bruneian power market?

The Bruneian power market is consolidated. The major companies include the Department of Electrical Services, Berakas Power Company Sdn Bhd, Brunei LNG Sdn Bhd, General Electric Company, and Toshiba Corp. Need More Details on Market Players and Competiters?

What is the energy mix in Brunei?

The energy mix for electricity generation in Brunei is dominated by fossil fuels, which accounted for nearly 99.9% of the power generation in 2020. Brunei has witnessed a moderate change in the electricity generation capacity since 2017, with the installed capacity growing by 7% till 2020.