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January 20, 2022

Power industry contracts in Middle East and Africa for December 2021 down 17%

Middle East and Africa power industry contracts activity in December 2021 saw 30 contracts announced, marking a drop of 17% over the last 12-month average of 36, according to GlobalData’s power database.

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

Looking at contracts by country, Saudi Arabia led the activity in December 2021 with 13 contracts and a share of 43.3%, up 26.1% over the previous month and up 117% when compared with the last 12 month-average, followed by the United Arab Emirates with three contracts and a share of 10% and Egypt with two contracts and a share of 6.7% during the month.

Looking at the last 12-month average, Saudi Arabia held the top spot with six contracts, followed by South Africa with three and the United Arab Emirates with three contracts.

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Solar is top technology area for contracts in December 2021

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with eight contracts and a 66.7% share, followed by thermal with four contracts and a 33.3% 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 December 2021, with 14 contracts, followed by Power Plant (6) and Generation Equipment (4).

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

  1. Project Implementation: 18 contracts and a 60% share
  2. Supply & Erection: nine contracts and a 30% share
  3. Power Purchase Agreement: two contracts and a 6.7% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 3.3% share.

Power contracts in December 2021: Top companies by capacity

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

  1. : 680.9MW from one contract
  2. Mines and Metals Development Investment: 366MW from one contract
  3. Eneo (France): 36MW capacity from one contract.

Power contracts in December 2021: Top winners by capacity

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

  1. Mitsubishi (Japan) and SEPCOIII Electric Power Construction (China): 680.9MW from one contract
  2. MAPNA Group (Iran): 366MW from one contract
  3. Scatec (Norway): 43.7MW 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.

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