Business Monitor International


Kuwait Power Report

Published 25 July 2014

  • 50 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Kuwait Power Report

BMI View:   Kuwait's first public-private p artnership for the construction of the 1.5GW al-Zour power plant and desalination plant has the potential to set a precedent for greater private sector engagement within Kuwait's infrastructure and power sectors. The country, which relies almost entirely on conventional thermal sourc es for electricity generation, has suffered from power shortages in recent months. With demand for power likely to continue rising rapidly in the years ahead, the government is keen to spur additional investment in the sector. That said, Kuwait's business environment remains challenging for international investors, and we question the timely realisation of the project given the barriers still left to overcome .

Conventional thermal sources will remain the dominant fuel for electricity generation in Kuwait over the coming years. Following the Fukushima tragedy in 2011, Kuwait ordered the National Nuclear Energy Committee to be dissolved and officially abandoned its pursuit of nuclear power. However, the country is nevertheless aiming to reduce its domestic oil consumption in an effort to free up additional barrels for export, with many power projects that are planned or under construction set to use gas.

The electricity and water ministry wishes to more than double generating and desalination capacity by 2017 to cater for growing demand and an estimated USD2.5bn is expected to be invested over the medium term. As part of these efforts, in late December 2013 the government awarded a USD2bn contract for the construction of the emirate's first independent water and power contract, granting private companies a stake in the country's energy sector for the first time in an effort to encourage investment. The government has also set ambitious targets with regard to the use of renewable energy, and in March called for Expressions of Interest from international firms for the construction of the country's first integrated solar power...

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
10
Kuwait Snapshot
10
Table: Country Snapshot: Economic and Demographic Data (Kuwait 2013-2018)
10
Table: Country Snapshot: Economic and Demographic Data (Kuwait 2018-2023)
10
Table: Country Snapshot: Power Sector
10
Kuwait Power Forecast Scenario
11
Electricity Generation And Power Generating Capacity
11
Table: Total Electricity Generation Data And Forecasts (Kuwait 2012-2017)
11
Table: Total Electricity Generation Data And Forecasts (Kuwait 2018-2023)
12
Table: Electricity Generating Capacity Data And Forecasts (Kuwait 2012-2017)
14
Table: Electricity Generating Capacity Data And Forecasts (Kuwait 2018-2023)
15
Electricity Consumption
18
Table: Total Electricity Consumption Data And Forecasts (Kuwait 2012-2017)
18
Table: Total Electricity Consumption Data And Forecasts (Kuwait 2018-2023)
18
Transmission & Distribution
19
Table: Electric Power T&D Losses Data And Forecasts (Kuwait 2012-2017)
19
Table: Electric Power T&D Losses Data And Forecasts (Kuwait 2018-2023)
19
Industry Risk/Reward Ratings
21
MEA Power Risk/Reward Ratings
21
Table: MENA - Power Risk/Reward Ratings (Scores Out Of 100)
28
Table: Sub Saharan Africa - Power Risk Reward Ratings (Scores Out Of 100)
29
Kuwait Power Risk/Reward Ratings
30
Rewards
30
Risks
30
Market Overview
32
Key Policies And Market Structure
32
Regulation And Competition
32
Pricing
32
Kuwait Power Projects Database
33
Table: Major Projects - Power
33
Competitive Landscape
35
Regional Overview
36
Middle East And Africa - Regional Overview
36
Glossary
45
Table: Glossary Of Terms
45
Methodology
46
Methodology And Sources
46
Industry Forecast Methodology
46
Sources
49
Risk/Reward Ratings Methodology
49
Table: Power Risk/Reward Rating Indicators
50
Table: Weighting Of Indicators
52

The Kuwait Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The Kuwait Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

  • Use BMI's independent industry forecasts for Kuwait to test other views - a key input for successful budgeting and strategic planning in the power market.
  • Target business opportunities and risks Kuwait's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Kuwait
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis, covering power markets, regulatory changes, major investments, projects and company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the power sector, and within the broader political, economic and business environment.

Regional Overview

The Regional Overview provides a comparative context from within which one can assess the relative profitability of the power industry in a given country, incorporating BMI's country risk macro forecasts into our regional analysis. They also detail any relevant issues or events that might cause market fluctuations, as well as evaluate the impact of existing power infrastructure and fresh investments on the regional market.

BMI Industry Forecasts

The Industry Forecasts provide historic data series and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual power segment present in the country. These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast. These in turn are broken down into:

Electricity Generation forecasts for Thermal, Coal, Gas, Oil, Nuclear, Hydro and Non-Hydro Renewables. For this section, we provide information on electricity generation (TWh), % growth year-on-year, KWh per capita, and the % of total electricity generation. The thermal fuels (coal, gas and oil) also have figures for their % of total thermal electricity generation.

Electricity Generating Capacity offers forecasts for the potential net capacity and net capacity growth % change year-on-year for the whole power industry. It also includes individual forecasts for capacity (MW), capacity growth % change year-on-year, and % of total capacity for Thermal, Nuclear, Hydro and Non-Hydro Renewables.

The section also includes historic data series and forecasts to end-2018 for:

Electricity Consumption, encompassing information on net consumption (TWh), net consumption growth % change year-on-year, and net consumption per capita (KWh).

Transmission And Distribution Losses, comprising predictions on Electric Power Transmission And Distribution Losses, (TWh), and Electric Power Transmission And Distribution Losses, % of Output.

Electricity Trade, offering historical figures for imports and exports and forecasts for net imports (TWh).

Market Overview

This section provides an overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.

Risk/Reward Rankings

BMI's Power Risk/reward Rankings provide fully comparable rankings aimed at investors (power companies, services companies and equity investors) in the regional power market. The rankings methodology makes sophisticated use of various industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc