Power industry contracts in Middle East and Africa for April 2020 down 11%

14 May 2020 (Last Updated May 14th, 2020 14:49)
Power industry contracts in Middle East and Africa for April 2020 down 11%
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Middle East and Africa power industry contracts activity in April 2020 saw 25 contracts announced, marking a drop of 11% over the last 12-month average of 28, according to GlobalData’s power database.

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Middle East and Africa power industry contracts in April 2020: Oman leads activity

Looking at contracts by country, Oman led the activity in April 2020 with six contracts and a share of 24%, up 21% over the previous month and up 500% when compared with the last 12 month-average, followed by Guinea with three contracts and a share of 12% and Iraq with two contracts and a share of 8% during the month.

Looking at the last 12-month average, Iran (Islamic Republic of Iran) held the top spot with three contracts, followed by Saudi Arabia with two and Egypt with two contracts.

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Solar is top technology area for contracts in April 2020

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with eight contracts and a 57.1% share, followed by thermal with six contracts and a 42.9% share.

Looking at power industry contracts divided by segment in Middle East and Africa as tracked by GlobalData, T&D Project was the most popular segment in April 2020, with nine contracts, followed by Power Plant (8) and Generation Equipment (4).

The proportion of contracts by category tracked by GlobalData in the month was as follows:

  1. Project Implementation: nine contracts and a 36% share
  2. Consulting & Similar Services: six contracts and a 24% share
  3. Supply & Erection: six contracts and a 24% share
  4. Power Purchase Agreement: two contracts and an 8% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and an 8% share.

Power contracts in April 2020: Top companies by capacity

The top issuers of contracts for the month in terms of power capacity involved in Middle East and Africa were:

  1. Dubai Electricity and Water Authority (United Arab Emirates): 900MW from one contract
  2. Nordgold Group: 66MW from two contracts
  3. Ministry of Energy and Mineral Resources of Jordan (Jordan): 46.33MW capacity from one contract.

Power contracts in April 2020: Top winners by capacity

The top winners of contracts for the month in terms of power capacity involved in Middle East and Africa were:

  1. ACWA Power International (Saudi Arabia): 900MW from one contract
  2. Sumec Group (China): 66MW from two contracts
  3. BELECTRIC Gulf (United Arab Emirates): 46.33MW capacity from one contract.

All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s Power database.