Kuwait Power Report

Providing expert analysis, independent forecasts and competitive intelligence on the power.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Petrochemicals Risk Reward Index, Economic Forecasts, Company Profiles and Global, Regional and Country Industry Overviews.

Why you should buy this report

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  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
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Kuwait Power Report
Product Price
$1,295.00

BMI View : Kuwait will register limited power generation capacity growth over the next decade, with the exception of the Al-Zour gas power facility, as a poor track-record in executing big-ticket infrastructure projects coupled with a limited project pipeline will weigh on sector expansion plans . We note that ambitious government plans to develop a non-hydro renewables sector provide an upside risk to our forecast.

Headline Power Forecasts (Kuwait 2015-2021)
2015 2016f 2017f 2018f 2019f 2020f 2021f
e/f = BMI estimate/forecast. Source: UN, EIA, BMI
Generation, Total, TWh 67.920 72.430 76.650 78.540 80.330 82.110 84.129
Consumption, Net Consumption, TWh 58.4 62.2 66.0 67.9 69.7 71.4 73.4
Capacity, Net, MW 17,819.0 19,358.0 19,747.4 20,186.2 20,608.7 21,044.1 21,512.6

Latest Updates And Structural Trends

  • Kuwait's total power generation stood at 67.9TWh in 2015. Supported by the opening of gas-fired Az-Zour North (phase 1) project, we forecast this figure to increase by 6.6% to 72.4TWh in 2016.

  • Apart from Az-Zour North project, our outlook remains bearish and we forecast total net power generation growth to average just 2.8% per annum during 2017-2025. Total generation is expected to reach 92.7TWh, with oil-fired facilities contributing nearly 59.0% of the total and the remaining 41.0% coming from gas-fired power plants.

  • While non-hydro renewables currently account for a negligible share of the total generation, we note that ambitious government plans to develop renewable energy pose a notable upside risk to our forecast.

  • Kuwait's electricity consumption is expected to rise by an annual average of 3.2% over the coming decade, increasing from 58.4TWh in 2015 to 79.7TWh in 2025. We note that consumption growth in set to decelerate towards the second half of our forecast period.

  • In August 2016, the Kuwaiti government approved a steep cut in fuel subsidies, which increased motor gasoline prices by 41-83%, depending on the petrol grade. The country's subsidy system reform presents significant downside risk to our consumption forecast.

BMI Industry View
7
Table: Headline Power Forecasts (Kuwait 2015-2021)
7
SWOT
8
Industry Forecast
10
Kuwait Snapshot
10
Table: Country Snapshot: Economic and Demographic Data (Kuwait 2015-2020)
10
Table: Country Snapshot: Economic and Demographic Data (Kuwait 2020-2025)
10
Table: Country Snapshot: Power Sector
10
Kuwait Power Forecast Scenario
11
Latest Updates
11
Structural Trends
11
Table: Total Electricity Generation Data And Forecasts (Kuwait 2014-2019)
15
Table: Total Electricity Generation Data And Forecasts (Kuwait 2020-2025)
16
Table: Electricity Generating Capacity Data And Forecasts (Kuwait 2014-2019)
17
Table: Electricity Generating Capacity Data And Forecasts (Kuwait 2020-2025)
17
Electricity Consumption
18
Latest Updates
18
Structural Trends
18
Table: Total Electricity Consumption Data And Forecasts (Kuwait 2014-2019)
19
Table: Total Electricity Consumption Data And Forecasts (Kuwait 2020-2025)
19
Transmission & Distribution
19
Latest Updates
19
Structural Trends
19
Table: Electric Power T&D Losses Data And Forecasts (Kuwait 2014-2019)
20
Table: Electric Power T&D Losses Data And Forecasts (Kuwait 2020-2025)
21
Industry Risk/Reward Index
22
Table: MENA Power Risk/Reward Index
27
Kuwait Power Risk Reward Index
28
Rewards
28
Risks
28
Market Overview
30
Key Policies And Market Structure
30
Regulation And Competition
30
Pricing
30
Kuwait Power Projects Database
32
Table: Kuwait Power Projects
32
Competitive Landscape
33
Regional Overview
35
Middle East And Africa - Regional Overview
35
Glossary
43
Table: Glossary Of Terms
43
Methodology
44
Methodology And Sources
44
Industry Forecast Methodology
44
Sources
47
Risk/Reward Index Methodology
47
Table: Power Risk/Reward Index Indicators
48
Table: Weighting Of Indicators
49

The Kuwait Power Report features BMI Research'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.

BMI’s Power Forecast Scenario

Forecasts to end-2024 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

  • Generation: Electricity generation total, thermal, coal, natural gas, oil, nuclear, hydropower, hydro-electric pumped storage and non-hydropower renewables.
  • Transmission and Distribution Losses: Electric power transmission and distribution losses.
  • Trade: Total imports and exports.
  • Electricity Consumption: Net consumption.
  • Electricity Capacity: Capacity net, conventional thermal, nuclear, hydropower and non-hydroelectric renewables.

BMI’s Power Risk Reward Index

BMI’s Risk Reward Indices provide investors (power companies, service companies and equity investors) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors,

Market Overview

Structure, size and value of the industry sector; overview of the industry landscape and key players; an assessment of the business operating environment, sustainable energy policies, pricing and the latest regulatory developments.

Key Projects Database

Details and analysis of all current and planned developments (new ventures, capacity expansion and other investments) across the sector broken down by location, sector type, capacity, value, companies and operational status.

Competitive Landscape

Illustration of the power industry that exploits our data-rich, in-depth analysis of the leading players in the sector and examination of operational results, strategic goals, market position and the potential for investment.

Power Outlook long-Term Forecasts

Regional long-term power forecasts covering electricity generation, consumption and capacity for thermal, hydroelectric and nuclear power. These are supported by a country specific  overview, alongside an analysis of key downside risks to the main forecasts.

Regional Overview

Providing BMI’s near-term economic outlook for the region as a whole, as well as taking a close look at countries of particular interest and the latest trends and developments.

Sources

The Power Market Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports, including Energy Information Administration (EIA), World Bank (WB) and United Nations (UN).