Power industry contracts in Middle East and Africa for Q4 2020 down 16%

25 January 2021 (Last Updated January 25th, 2021 09:00)

Power industry contracts in Middle East and Africa for Q4 2020 down 16%

Middle East and Africa power industry contracts activity in Q4 2020 saw 79 contracts announced, marking a drop of 16% over the last four-quarter average of 94, according to GlobalData’s power database.

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Middle East and Africa power industry contracts in Q4 2020: Saudi Arabia leads activity

Looking at contracts by country, Saudi Arabia led the activity in Q4 2020 with 13 contracts and a share of 16.5%, up 4.1% over the previous quarter and up 18% when compared with the last four-quarter average, followed by Egypt with ten contracts and a share of 12.7% and the United Arab Emirates with seven contracts and a share of 8.9% during the quarter.

Looking at the last four-quarter average, Saudi Arabia held the top spot with 11 contracts, followed by Iran with ten and the United Arab Emirates with eight contracts.

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Solar is top technology area for contracts in Q4 2020

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 33 contracts and a 60% share, followed by thermal with 15 contracts and a 27.3% share and hydro with five contracts and a 9.1% 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 Q4 2020, with 29 contracts, followed by T&D Project (27) and Generation Equipment (11).

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

  1. Project Implementation: 43 contracts and a 54.4% share
  2. Supply & Erection: 15 contracts and a 19% share
  3. Power Purchase Agreement: 11 contracts and a 13.9% share
  4. Repair, Maintenance, Upgrade & Others: six contracts and a 7.6% share
  5. Consulting & Similar Services: four contracts and a 5.1% share.

Power contracts in Q4 2020: Top issuers by capacity

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

  1. ACWA Power International (Saudi Arabia): 2,589MW from two contracts
  2. AlDhahir Group (Jordan): 1,000MW from one contract
  3. Electricidade De Mozambique EP (Mozambique): 490MW capacity from two contracts.

Power contracts in Q4 2020: 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. SEPCOIII Electric Power Construction (China): 2,413MW from two contracts
  2. Power Construction Corporation of China (China): 1,034.95MW from two contracts
  3. ACWA Power International (Saudi Arabia): 210MW 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.