Middle East and Africa power plant contracts activity down 31% in Q3 2020

29 October 2020 (Last Updated October 29th, 2020 03:20)

Middle East and Africa power plant contracts activity down 31% in Q3 2020

There were 24 power plant contracts announced in the Middle East and Africa region in Q3 2020, marking a drop of 31% over the last 12-month average of 35, according to GlobalData’s power industry contracts database.

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T&D Project stood at first place when compared with other power tender categories in the Middle East and Africa region in Q3 2020 with 31 contracts and a 30.7% share, followed by Power Plant with 24 contracts and a 23.8% share and Generation Equipment with 16 contracts and a 15.8% share during the quarter.

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

  1. Project Implementation: 14 contracts and a 58.3% share
  2. Consulting & Similar Services: seven contracts and a 29.2% share
  3. Power Purchase Agreement: two contracts and an 8.3% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 4.2% share.

Solar is top technology for Middle East and Africa power plant contracts in Q3 2020

Looking at power plant contracts by the type of technology in the Middle East and Africa region, solar accounted for 11 contracts with a 44% share, followed by hydro with six contracts and a 24% share and thermal with five contracts and a 20% share.

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Middle East and Africa power plant contracts in Q3 2020: Top issuers by capacity

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

  1. Emirates Water and Electricity (United Arab Emirates): 2,000MW from one contract
  2. ACWA Power International (Saudi Arabia): 900MW from one contract
  3. New and Renewable Energy Authority (Egypt): 502MW capacity from two contracts.

Middle East and Africa power plant contracts in Q3 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. Abu Dhabi Future Energy (United Arab Emirates), Abu Dhabi National Energy (United Arab Emirates), Jinko Power Technology (China) and EDF Renewables (France): 2,000MW from one contract
  2. Shanghai Electric Group (China): 900MW from one contract
  3. Vestas Wind Systems (Denmark): 502MW capacity from two contracts.

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.