Business Monitor International


United Arab Emirates Power Report

Published 15 July 2014

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

BMI View: UAE authorities at both F ederal and E mirate levels continue to prioritise generating capacity expansion programmes focusing on expanding the country electricity mix to include a wider range of fuel sources, spanning to traditional steam and gas turbines to carbon-light technologies, such as renewables and nuclear . Yet we remain sceptical about the ability of the country to meet its targets with the anticipated speed.

Key Trends And Developments

  • Although the UAE is not without its challenges, it is seen as one of the more stable Gulf states over the long term, with a small, wealthy population; no history of terrorism; and no sectarian tensions to speak of. Additionally, BMI's Country Risk analysts remain bullish on the economic outlook for the UAE as a wealth of data point to continued growth. With consumer and business sentiment looking positive, the outlook for household consumption and fixed investment is particularly bright over the coming quarters, effectively supporting plans for hikes in generating capacity. With more than USD8bn to be invested in the period up to 2020, the market is expected to remain highly attractive to regional and international developers.

  • Several major players are vying for contracts in the well-established thermal segment, as well as in renewables and nuclear. Natural gas-fired generation will continue to fire the lion's share of generation (71.92% in 2023), as the country perseveres with fossil-fuel-based capacity additions with a view to taking advantage of its abundant and cheap domestic resources. Yet, new technologies are being developed in the country. For instance, state-owned Dubai Electricity and Water Authority (DEWA)'s decision to launch a tender for the construction of a new 1,200MW coal-fired power plant in Q313 underlines the UAE's ambitious capacity expansion plans, and we believe one of the most notable elements of the project is that it could potentially be the biggest clean...

Table of Contents

BMI Industry View
7
SWOT
8
Industry Forecast
10
United Arab Emirates Snapshot
10
Table: Country Snapshot: Economic and Demographic Data (United Arab Emirates 2013-2018)
10
Table: Country Snapshot: Economic and Demographic Data (United Arab Emirates 2018-2023)
10
Table: Country Snapshot: Power Sector
10
United Arab Emirates Power Forecast Scenario
11
Electricity Generation And Power Generating Capacity
11
Table: Total Electricity Generation Data And Forecasts (United Arab Emirates 2012-2017)
11
Table: Total Electricity Generation Data And Forecasts (United Arab Emirates 2018-2023)
12
Table: Electricity Generating Capacity Data And Forecasts (United Arab Emirates 2012-2017)
14
Table: Electricity Generating Capacity Data And Forecasts (United Arab Emirates 2018-2023)
14
Table: Planned UAE Nuclear Power Reactors
18
Electricity Consumption
20
Table: Total Electricity Consumption Data And Forecasts (United Arab Emirates 2012-2017)
20
Table: Total Electricity Consumption Data And Forecasts (United Arab Emirates 2018-2023)
21
Transmission And Distribution, Imports And Exports
22
Industry Risk/Reward Ratings
23
MEA Power Risk/Reward Ratings
23
Table: MENA - Power Risk/Reward Ratings (Scores Out Of 100)
30
Table: Sub Saharan Africa - Power Risk Reward Ratings (Scores Out Of 100)
30
United Arab Emirates Power Risk/Reward Ratings
32
Rewards
32
Risks
33
Market Overview
34
Key Policies And Market Structure
34
Regulation And Competition
34
Sustainable Energy Policies
35
United Arab Emirates Power Projects Database
36
Table: Projects - Power
36
Competitive Landscape
40
DEWA
40
ADWEA
41
TAQA
41
Company Profile
42
TAQA
42
Regional Overview
45
Middle East And Africa - Regional Overview
45
Glossary
54
Table: Glossary Of Terms
54
Methodology
55
Methodology And Sources
55
Industry Forecast Methodology
55
Sources
58
Risk/Reward Ratings Methodology
58
Table: Power Risk/Reward Rating Indicators
59
Table: Weighting Of Indicators
61

The United Arab Emirates 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 United Arab Emirates 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 United Arab Emirates to test other views - a key input for successful budgeting and strategic planning in the power market.
  • Target business opportunities and risks United Arab Emirates's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in United Arab Emirates
  • 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.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

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