Middle East And Africa Power Industry Contracts Up 15% In Q2 2021
Solar accounted for the largest proportion with 42 contracts and a 60.9% share, followed by thermal with 13 contracts and an 18.8% share and hydro with five contracts and a 7.2% share
Middle East and Africa power industry contracts activity in Q2 2021 saw 106 contracts announced, marking a rise of 15% over the last four-quarter average of 92, according to GlobalData’s power database.
Middle East and Africa power industry contracts in Q2 2021: Saudi Arabia leads activity.
Looking at contracts by country, Saudi Arabia led the activity in Q2 2021 with 24 contracts and a share of 22.6%, down 4.3% over the previous quarter and up 85% when compared with the last four-quarter average, followed by the United Arab Emirates with 11 contracts and a share of 10.4% and Iran with nine contracts and a share of 8.5% during the quarter.
Looking at the last four-quarter average, Saudi Arabia held the top spot with 13 contracts, followed by the United Arab Emirates with seven and Egypt with seven contracts.
Solar is top technology area for contracts in Q2 2021
Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 42 contracts and a 60.9% share, followed by thermal with 13 contracts and an 18.8% share and hydro with five contracts and a 7.2% share.
Looking at power industry contracts divided by segment as tracked by GlobalData, T&D Project was the most popular segment in Middle East and Africa power contracts activity during Q2 2021, with 30 contracts, followed by Power Plant (28) and Generation Equipment (23).
The proportion of contracts by category tracked by GlobalData in the quarter was as follows:
- Project Implementation: 39 contracts and a 36.8% share
- Supply & Erection: 25 contracts and a 23.6% share
- Consulting & Similar Services: 20 contracts and an 18.9% share
- Power Purchase Agreement: 14 contracts and a 13.2% share
- Repair, Maintenance, Upgrade & Others: eight contracts and a 7.5% share.
Power contracts in Q2 2021: Top issuers by capacity
The top issuers of contracts for the quarter in terms of power capacity involved in Middle East and Africa were:
- Saudi Power Procurement (Saudi Arabia): 2,970MW from seven contracts
- Ministry of Electricity, Iraq (Iraq): 2,000MW from one contract
- ACWA Power International (Saudi Arabia) and The Saudi Public Investment Fund (Saudi Arabia): 1,500MW capacity from one contract.
Power contracts in Q2 2021: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved in Middle East and Africa were:
- Abu Dhabi Future Energy (United Arab Emirates): 2,600MW from three contracts
- ACWA Power International (Saudi Arabia): 2,500MW from four contracts
- Larsen & Toubro (India): 1,800MW capacity from two contracts.
Source: utilities
