Kuwait Power Report

Published 23 December 2014

  • 44 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: The Kuwaiti power sector is facing a number of significant challenges in the years ahead. With power generation struggling the keep up with growing demand, much greater levels of investment are urgently needed. However, with the sector almost wholly state-owned and operated, and a highly restrictive regulatory environment, attracting major investment is difficult.

Kuwait's first public-private partnership 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. At the same time, the government is attempting to scale back its generous regime of energy subsidies, which have led to overconsumption and waste. It remains to be seen how proposals to reduce subsidies will play out, although the issue adds another layer of complexity to the government's attempts to spur investment.Conventional thermal sources have long been the dominant fuel for energy generation in Kuwait, and despite some government efforts to diversify the sector, oil and gas will remain the dominant energy source 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...

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
11
Kuwait Snapshot
11
Table: Country Snapshot: Economic and Demographic Data (Kuwait 2013-2018)
11
Table: Country Snapshot: Economic and Demographic Data (Kuwait 2018-2023)
11
Table: Country Snapshot: Power Sector
11
Kuwait Power Forecast Scenario
12
Electricity Generation And Power Generating Capacity
12
Table: Total Electricity Generation Data And Forecasts (Kuwait 2012-2017)
12
Table: Total Electricity Generation Data And Forecasts (Kuwait 2018-2023)
13
Table: Electricity Generating Capacity Data And Forecasts (Kuwait 2012-2017)
15
Table: Electricity Generating Capacity Data And Forecasts (Kuwait 2018-2023)
16
Electricity Consumption
19
Table: Total Electricity Consumption Data And Forecasts (Kuwait 2012-2017)
19
Table: Total Electricity Consumption Data And Forecasts (Kuwait 2018-2023)
20
Transmission & Distribution
20
Table: Electric Power T&D Losses Data And Forecasts (Kuwait 2012-2017)
20
Table: Electric Power T&D Losses Data And Forecasts (Kuwait 2018-2023)
20
Industry Risk/Reward Ratings
22
MENA Power Risk/Reward Ratings
22
Table: MENA - Power Risk/Reward Ratings (Scores Out Of 100)
26
Kuwait Power Risk/Reward Ratings
27
Rewards
27
Risks
27
Market Overview
29
Key Policies And Market Structure
29
Regulation And Competition
29
Pricing
29
Kuwait Power Projects Database
30
Table: Major Projects - Power
30
Competitive Landscape
32
Regional Overview
33
MEA Power Regional Overview
33
Glossary
39
Table: Glossary Of Terms
39
Methodology
40
Methodology And Sources
40
Industry Forecast Methodology
40
Sources
43
Risk/Reward Ratings Methodology
43
Table: Power Risk/Reward Rating Indicators
44
Table: Weighting Of Indicators
46

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).

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