Oil and gas companies are making moves into the UK energy market.

Middle East and Africa power industry contracts activity in January 2022 saw 23 contracts announced, marking a drop of 34% over the last 12-month average of 35, according to GlobalData’s power database.

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Middle East and Africa power industry contracts in January 2022: Saudi Arabia leads activity

Looking at contracts by country, Saudi Arabia led the activity in January 2022 with nine contracts and a share of 39.1%, down 0.3% over the previous month and up 29% when compared with the last 12 month-average, followed by Egypt with four contracts and a share of 17.4% and Iran with two contracts and a share of 8.7% during the month.

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

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Solar is top technology area for contracts in January 2022

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with four contracts and a 44.4% share, followed by wind with three contracts and a 33.3% share and nuclear with one contract and an 11.1% 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 January 2022, with nine contracts, followed by T&D Equipment (5) and Power Plant (5).

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

  1. Project Implementation: 11 contracts and a 47.8% share
  2. Supply & Erection: eight contracts and a 34.8% share
  3. Consulting & Similar Services: two contracts and an 8.7% share
  4. Power Purchase Agreement: one contract and a 4.3% share
  5. Repair, Maintenance, Upgrade & Others: one contract and a 4.3% share.

Power contracts in January 2022: Top companies by capacity

The top issuer of contracts for the month in terms of power capacity involved in Middle East and Africa was:East Delta Electricity Production (Egypt) with 250MW from one contract.

Power contracts in January 2022: 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 Construction (Egypt) with 250MW 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.