Power industry contracts in Middle East and Africa for August 2020 down 33%

18 September 2020 (Last Updated September 18th, 2020 08:20)

Power industry contracts in Middle East and Africa for August 2020 down 33%

Middle East and Africa power industry contracts activity in August 2020 saw 20 contracts announced, marking a drop of 33% over the last 12-month average of 30, according to GlobalData’s power database.

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Middle East and Africa power industry contracts in August 2020: Iran leads activity

Looking at contracts by country, Iran led the activity in August 2020 with three contracts and a share of 15%, down 2.6% over the previous month and flat growth when compared with the last 12 month-average, followed by the United Arab Emirates with three contracts and a share of 15% and Egypt with two contracts and a share of 10% during the month.

Looking at the last 12-month average, Iran held the top spot with three contracts, followed by Saudi Arabia with three and the United Arab Emirates with two contracts.

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Thermal is top technology area for contracts in August 2020

Looking at contracts divided by the type of technology, thermal accounted for the largest proportion with four contracts and a 50% share, followed by solar with two contracts and a 25% share and hydro with one contract and a 12.5% 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 August 2020, with eight contracts, followed by Power Plant (6) and T&D Equipment (4).

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

  1. Consulting & Similar Services: six contracts and a 30% share
  2. Project Implementation: six contracts and a 30% share
  3. Supply & Erection: six contracts and a 30% share
  4. Repair, Maintenance, Upgrade & Others: two contracts and a 10% share.

Power contracts in August 2020: Top issuers by capacity

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

  1. New and Renewable Energy Authority (Egypt): 250MW from one contract
  2. Government of Madagascar (Madagascar): 56MW from one contract.

Power contracts in August 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. Vestas Wind Systems (Denmark): 250MW from one contract
  2. China Three Gorges (China): 56MW 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.