Saudi Arabia 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.

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  • Benefit from the latest market opportunities
  • 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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Saudi Arabia Power Report
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BMI View: The outlook for public spending on all but the most important power sector infrastructure is a strong headwind , with the Saudi government undertaking fiscal consolidation as it faces up to lower oil revenues. Delays and cancellations to the most ambitious and costly projects across all areas of the power sector remain the bigges t risk to our forecasts as the k ingdom rationalises spending. Upside risk comes from the strategic importance being placed on gas-fired generation.

Headline Power Forecasts (2014-2020)
2014e 2015e 2016f 2017f 2018f 2019f 2020f
e/f = BMI estimate/forecast. Source: National sources, BMI
Generation, Total, TWh 280.831 292.697 311.092 327.090 340.141 351.580 364.110
Consumption, Net Consumption, TWh 254.6 266.6 283.3 299.8 312.7 323.7 336.6
Capacity, Net, MW 58,619.2 60,816.7 63,069.8 66,045.0 68,453.1 69,893.5 70,736.5

Latest Trends And Developments:

  • The outlook for Saudi Arabia's economy has deteriorated as lower oil prices force the government to ramp up the pace of fiscal consolidation, as indicated by its 2016 budget. Given the power sector's reliance on government spending, this has by extension darkened our capacity and generation forecasts.

  • These conditions do not mean that the government will not spend on power infrastructure as it attempts to keep pace with surging electricity demand and diversify the oil-heavy power mix so as to preserve oil for export (rather than burning it domestically). It does, however, mean that certain projects - such as the Fadhili gas project - which are crucial to the Saudi energy sector will be realised while others will be delayed or cancelled.

  • We believe the more ambitious (and expensive) projects in the power sector - particularly new solar and nuclear capacity are particularly vulnerable to further delays.

  • One bright spot for potential investors is that we expect a bigger focus on attempting to attract private investment into the power sector via public-private partnerships (PPPs) - in an effort to reduce the burden on the state.

  • Saudi Electric Company (SEC) is expected to be debundled into separate entities in 2016, with foreign investment sought once these have been created.

BMI Industry View
Table: Headline Power Forecasts (2013-2019)
Industry Forecast
Saudi Arabia Snapshot
Table: Country Snapshot: Economic and Demographic Data (Saudi Arabia 2014-2019)
Table: Country Snapshot: Economic and Demographic Data (Saudi Arabia 2019-2024)
Table: Country Snapshot: Power Sector
Saudi Arabia Power Forecast Scenario
Electricity Generation And Power Generating Capacity
Table: Saudi Arabia - Original 2032 Power Sector Targets (Now Pushed Back To 2040)
Table: Total Electricity Generation Data And Forecasts (Saudi Arabia 2013-2018)
Table: Total Electricity Generation Data And Forecasts (Saudi Arabia 2019-2024)
Table: Electricity Generating Capacity Data And Forecasts (Saudi Arabia 2013-2018)
Table: Electricity Generating Capacity Data And Forecasts (Saudi Arabia 2019-2024)
Electricity Consumption
Table: Total Electricity Consumption Data And Forecasts (Saudi Arabia 2013-2018)
Table: Total Electricity Consumption Data And Forecasts (Saudi Arabia 2019-2024)
Transmission & Distribution
Table: Electric Power T&D Losses Data And Forecasts (Saudi Arabia 2013-2018)
Table: Electric Power T&D Losses Data And Forecasts (Saudi Arabia 2019-2024)
Industry Risk/Reward Index
MENA Power RRI: GCC Still Firmly On Top
Saudi Arabia Power RRI
Market Overview
Key Policies And Market Structure
Regulation And Competition
Table: IPP - Investment Opportunities
Sustainable Energy Policies
Saudi Arabia Power Projects Database
Competitive Landscape
Saudi Electricity Company (SEC)
Regional Overview
MEA Power: Key Regional Themes
Table: Glossary Of Terms
Methodology And Sources
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Power Risk/Reward Index Indicators
Table: Weighting Of Indicators

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


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.


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).