Saudi Arabia Power Report

Published 18 March 2015

  • 66 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Saudi Arabia Power Report

BMI View: Lower oil prices will have limited impact on Saudi Arabia's short-term power sector investment plans thanks to looser fiscal policy and increased government spending - ensuring that the growth rates in the sector remain robust. Over the longer term, however, we believe costly nuclear and solar projects will remain susceptible to delays as a result of increased budgetary scrutiny in a sustained lower oil price environment.

We emphasise that, in relative terms, Saudi Arabia's power market will certainly remain an attractive destination for power sector investors as the kingdom attempts to keep pace with surging electricity demand, diversify its energy mix and boost energy efficiency. Investment in the power sector is a necessity - underpinned by attempts to ensure Saudi Arabia's growing population does not cannibalise the country's economic base. Saudi Arabia must reduce the amount of oil that is burned in domestic power generation in order to preserve it for lucrative export and maintain its status as a global swing producer.

A strong project pipeline will ensure Saudi Arabia continues to appeal to investors in the power sector over our forecast period and underpins our forecasts for annual average growth in electricity generation of 4% between 2015 and 2024. We currently forecast that oil will slowly lose its primacy in the kingdom's power generation mix, as energy efficiency efforts and plans to use more gas gradually gain traction. The kingdom will ultimately have to cut gas subsidies and raise gas prices if it is to exploit its non-associated gas reserves fully.

Our optimistic long-term outlook for Saudi Arabia's power sector has, however, been tempered slightly following the government's decision to push back its hugely ambitious solar and nuclear capacity expansion plans. The January 2015 announcement that the original 2032 deadline for realising these targets will be delayed until 2040 indicates that, although the short-term impact of lower oil...

Table of Contents

BMI Industry View
7
SWOT
10
Industry Forecast
13
Saudi Arabia Snapshot
13
Table: Country Snapshot: Economic and Demographic Data (Saudi Arabia 2013-2018)
13
Table: Country Snapshot: Economic and Demographic Data (Saudi Arabia 2018-2023)
13
Table: Country Snapshot: Power Sector
13
Saudi Arabia Power Forecast Scenario
14
Electricity Generation and Power Generating Capacity
14
Table: Total Electricity Generation Data And Forecasts (Saudi Arabia 2012-2017)
14
Table: Total Electricity Generation Data And Forecasts (Saudi Arabia 2018-2023)
15
Table: Electricity Generating Capacity Data And Forecasts (Saudi Arabia 2012-2017)
16
Table: Electricity Generating Capacity Data And Forecasts (Saudi Arabia 2018-2023)
16
Electricity Consumption
35
Table: Total Electricity Consumption Data And Forecasts (Saudi Arabia 2012-2017)
35
Table: Total Electricity Consumption Data And Forecasts (Saudi Arabia 2018-2023)
35
Transmission & Distribution
37
Table: Electric Power T&D Losses Data And Forecasts (Saudi Arabia 2012-2017)
37
Table: Electric Power T&D Losses Data And Forecasts (Saudi Arabia 2018-2023)
37
Table: 2011 Key T&D Projects
38
Industry Risk/Reward Ratings
40
MENA Power Risk/Reward Ratings
40
Table: MENA - Power Risk/Reward Ratings (Scores Out Of 100)
44
Saudi Arabia Power Risk/Reward Ratings
45
Rewards
45
Risks
46
Market Overview
48
Key Policies And Market Structure
48
Regulation and Competition
48
Table: IPP - Investment Opportunities
49
Sustainable Energy Policies
50
Saudi Arabia Power Projects Database
51
Table: Major Projects - Power
51
Competitive Landscape
57
Saudi Electricity Company (SEC)
57
Regional Overview
59
MEA Power Regional Overview
59
Glossary
65
Table: Glossary Of Terms
65
Methodology
66
Methodology And Sources
66
Industry Forecast Methodology
66
Sources
69
Risk/Reward Index Methodology
69
Table: Power Risk/Reward Index Indicators
70
Table: Weighting Of Indicators
71

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.

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).

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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