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July 30, 2019

Power industry contracts in Middle East and Africa for Q2 2019 down 35%

Middle East and Africa power industry contracts activity in Q2 2019 saw 79 contracts announced, marking a drop of 35% over the last four-quarter average of 122, according to GlobalData’s power database.

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Middle East and Africa power industry contracts in Q2 2019: Oman leads activity

Looking at contracts by country, Oman led the activity in Q2 2019 with eight contracts and a share of 10.1%, up 2.8% over the previous quarter and up 100% when compared with the last four-quarter average, followed by Iran (Islamic Republic of Iran) with seven contracts and a share of 8.9% and Kenya with six contracts and a share of 7.6% during the quarter.

Looking at the last four-quarter average, Iran (Islamic Republic of Iran) held the top spot with 40 contracts, followed by the United Arab Emirates with 11 and Egypt with eight contracts.

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Solar is top technology area for contracts in Q2 2019

Looking at contracts divided by the type of technology, Solar accounted for the largest proportion with 33 contracts and a 54.1% share, followed by Thermal with 17 contracts and a 27.9% share and Wind with four contracts and a 6.6% 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 Q2 2019, with 35 contracts, followed by T&D Project (17) and Generation Equipment (16).

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

  1. Project Implementation: 31 contracts and a 39.2% share
  2. Consulting & Similar Services: 13 contracts and a 16.5% share
  3. Supply & Erection: 13 contracts and a 16.5% share.

Power contracts in Q2 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. Abu Dhabi Future Energy (United Arab Emirates), EDF Renewables (United States), Green Of Africa (Morocco) and Moroccan Agency for Sustainable Energy (Morocco) with 800MW from one contract
  2. Oman Power and Water Procurement (Oman) and Ministry of Electricity, Iraq (Iraq) with 500MW from one contract
  3. RioZim (Zimbabwe) with 178MW capacity from one contract.

Power contracts in Q2 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. Abu Dhabi Future Energy (United Arab Emirates), EDF Renewables (United States), Green Of Africa (Morocco) and TSK Electronica y Electricidad (Spain) with 800MW from one contract
  2. Siemens (Germany), Gulf Investment (Kuwait), ACWA Power International (Saudi Arabia) and Alternative Energy Projects (Kuwait) with 500MW from one contract
  3. Xago Africa (Kenya) with 300MW 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.

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