Middle East and Africa power industry contracts activity in Q3 2022 saw 32 contracts announced, marking a drop of 67% over the last four-quarter average of 97, according to GlobalData’s power database.

Middle East and Africa power industry contracts in Q3 2022: Nigeria leads activity

Looking at contracts by country, Nigeria led the activity in Q3 2022 with four contracts and a share of 12.5%, up 3.2% over the previous quarter and down 43% when compared with the last four-quarter average, followed by Egypt with three contracts and a share of 9.4% and Ethiopia with three contracts and a share of 9.4% during the quarter.

Looking at the last four-quarter average, Saudi Arabia held the top spot with 17 contracts, followed by South Africa with 11 and Egypt with seven contracts.

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Solar is top technology area for contracts in Q3 2022

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 16 contracts and a 69.6% share, followed by thermal with three contracts and a 13% share and hydro with three contracts and a 13% 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 Q3 2022, with 14 contracts, followed by T&D Project (13) and Electricity Procurement (8).

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

1. Project Implementation: 21 contracts and a 65.6% share
2. Power Purchase Agreement: eight contracts and a 25% share
3. Consulting & Similar Services: two contracts and a 6.3% share
4. Repair, Maintenance, Upgrade & Others: one contract and a 3.1% share.

Power contracts in Q3 2022: 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. Government of Nigeria (Nigeria): 961MW from one contract
2. Eskom Holdings SOC (South Africa): 420MW from one contract
3. International Finance (United States) and Government of Malawi: 350MW capacity from one contract.

Power contracts in Q3 2022: 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. Sterling and Wilson Solar Solutions (United States): 961MW from one contract
2. China Energy Engineering (China): 852MW from three contracts
3. China Energy Construction Group (China): 527MW 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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