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March 16, 2021

Power industry contracts in Middle East and Africa for February 2021 down 31%

By Amit Sharma

Middle East and Africa power industry contracts activity in February 2021 saw 22 contracts announced, marking a drop of 31% over the last 12-month average of 32, according to GlobalData’s power database.

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Middle East and Africa power industry contracts in February 2021: Saudi Arabia leads activity

Looking at contracts by country, Saudi Arabia led the activity in February 2021 with six contracts and a share of 27.3%, down 10.6% over the previous month and up 50% when compared with the last 12 month-average, followed by Egypt with five contracts and a share of 22.7% and Iran with two contracts and a share of 9.1% during the month.

Looking at the last 12-month average, Saudi Arabia held the top spot with four contracts, followed by Egypt with two and Namibia with two contracts.

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Solar is top technology area for contracts in February 2021

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with six contracts and a 46.2% share, followed by thermal with six contracts and a 46.2% share and wind with one contract and a 7.7% 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 February 2021, with 12 contracts, followed by Power Plant (6) and Generation Equipment (3).

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

  1. Project Implementation: 13 contracts and a 59.1% share
  2. Supply & Erection: five contracts and a 22.7% share
  3. Consulting & Similar Services: two contracts and a 9.1% share
  4. Repair, Maintenance, Upgrade & Others: two contracts and a 9.1% share.

Power contracts in February 2021: Top issuer by capacity

The top issuer of contracts for the month in terms of power capacity involved in Middle East and Africa was:Ministry of Electricity, Iraq (Iraq) with 1,400MW from one contract.

Power contracts in February 2021: Top winners by capacity

The top winner of contracts for the month in terms of power capacity involved in Middle East and Africa was:Hassan Allam Holding (Egypt) and Power Generation Engineering and Services (Egypt) with 10MW 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.

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