Power industry contracts in Middle East and Africa for Q3 2019 down 53%

24 November 2019 (Last Updated November 26th, 2019 05:50)

Power industry contracts in Middle East and Africa for Q3 2019 down 53%
Oil and gas companies are making moves into the UK energy market.

Middle East and Africa power industry contracts activity in Q3 2019 saw 50 contracts announced, marking a drop of 53% over the last four-quarter average of 107, according to GlobalData’s power database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Middle East and Africa power industry contracts in Q3 2019: Iran (Islamic Republic of Iran) leads activity

Looking at contracts by country, Iran (Islamic Republic of Iran) led the activity in Q3 2019 with nine contracts and a share of 18%, up 9.4% over the previous quarter and down 65% when compared with the last four-quarter average, followed by Iraq with six contracts and a share of 12% and Saudi Arabia with six contracts and a share of 12% during the quarter.

Looking at the last four-quarter average, Iran (Islamic Republic of Iran) held the top spot with 26 contracts, followed by the United Arab Emirates with ten and Egypt with seven contracts.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Solar is top technology area for contracts in Q3 2019

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 16 contracts and a 42.1% share, followed by thermal with 14 contracts and a 36.8% share and wind with five contracts and a 13.2% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Power Plant was the most popular segment in Middle East and Africa power contracts activity during Q3 2019, with 22 contracts, followed by Generation Equipment (12) and T&D Project (12).

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

  1. Project Implementation: 17 contracts and a 34% share
  2. Consulting & Similar Services: 14 contracts and a 28% share
  3. Supply & Erection: nine contracts and an 18% share
  4. Power Purchase Agreement: five contracts and a 10% share
  5. Repair, Maintenance, Upgrade & Others: four contracts and an 8% share
  6. Electricity Supply: one contract and a 2% share.

Power contracts in Q3 2019: Top companies by capacity

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

  1. Ministry of Electricity, Iraq (Iraq): 1,600MW from one contract
  2. Plambeck Emirates: 500MW from one contract
  3. Abu Dhabi Future Energy (United Arab Emirates) and EDF Renewables (United States): 415.8MW capacity from one contract.

Power contracts in Q3 2019: Top winners by capacity

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

  1. Orascom Construction (United Arab Emirates) and Siemens (Germany): 1,600MW from one contract
  2. Saipem (Italy): 500MW from one contract
  3. Vestas Mediterranean (Spain): 415.8MW 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.