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Saudi Arabia Power Report Q1 2013 - New Market Study Published

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2013-02-19 10:16:09 - New Energy research report from Business Monitor International is now available from Fast Market Research

BMI View: With domestic consumption remaining buoyant, a bright medium-term outlook for fixed investment and macroeconomic policy staying supportive, our outlook for the power sector remains sanguine. We anticipate that the thermal sector will continue to be the main beneficiary of hefty investment plans. Interest in nuclear and renewable sources is strengthening; however, regulatory and political risks (including uncertainty surrounding the royal succession) have the potential to temper progress in the short term, leading us to believe that developments on this front will be more pronounced over our 10-year forecast period. Saudi's macroeconomic performance and its demographics continue to impress, with a combination of factors including reliance on energy intensive industries and poor levels of energy efficiency pushing up power

consumption and putting significant pressure on Saudi Arabia's existing power generating capacity.

Full Report Details at
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For instance, power consumption rose by 9% in H112, with the peak demand in the summer up by 7%, according to Saudi Water and Electricity Minister Abdullah Al-Hussayen (quoted by Reuters). While more bearish than the Saudi government, BMI believes that these dynamics will underpin the government's attempts to improve on and enlarge the existing power infrastructure, continuing to support a healthy growth outlook for the country's power sector in the coming years. An outlook supported by the fact that:

* The country is already executing an extremely ambitious US$80bn expansion plan for power projects, with the Kingdom's Ninth Development Plan (2010-2014) aiming to raise generating capacity by 20.4 gigawatts (GW) by 2014. Even if BMI adopts a conservative stance and only 70% of the planned capacity comes online, our forecasts show that the country will be able to meet its commitments, with total installed capacity to reach just over 72GW by 2014.
* The Kingdom appears committed to develop nuclear capacity, with plans to invest US$100bn to build 17 nuclear reactors over the coming two decades to produce electricity.
* BMI believes that the very strong track record in the development of power projects bodes well for nonhydro renewables expansion, especially since the Saudi government has long demonstrated a substantial commitment to social and economic infrastructure. Plans to tap renewable energy as a way to free more crude oil for export are progressively taking shape in the Kingdom, which now aims to channel US $109bn in investment to create a solar industry that generates a third of the nation's electricity by 2032.

The country will reportedly start work on its first commercial solar-power facility in early 2013. However, we reiterate that the existing regulatory environment, together with a number of political dynamics and development pertinent to the Oil & Gas sector, creates downside risks for new projects.

Report Table of Contents:

BMI Industry View
- Power
Industry Forecast
- Saudi Arabia Snapshot
- Table: Country Snapshot: Economic and Demographic Data
- Table: Country Snapshot: Power Sector
- Saudi Arabia Forecast Scenario
- Electricity Generation and Power Generating Capacity
- Table: Saudi Arabia Total Electricity Generation Data And Forecasts, 2011-2016
- Table: Saudi Arabia Total Electricity Generation Long-Term Forecasts, 2016-2021
- Table: Saudi Arabia Electricity Generating Capacity Data And Forecasts, 2011-2016
- Table: Saudi Arabia Electricity Generating Long-Term Forecasts, 2016-2021
- Table: Saudi Arabia - Project Pipeline
- Electricity Consumption
- Table: Saudi Arabia Total Electricity Consumption Data And Forecasts, 2011-2016
- Table: Saudi Arabia Total Electricity Consumption Long-Term Forecasts, 2016-2021
- Transmission & Distribution, Imports & Exports
- Table: Saudi Arabia Electric Power Transmission And Distribution Losses Data And Forecasts, 2011-2016
- Table: Saudi Arabia Electric Power Transmission And Distribution Long-Term Forecasts, 2016-2021
- Table: Saudi Arabia Trade Data And Forecasts, 2011-2016
- Table: Saudi Arabia Trade Long-Term Forecasts, 2016-2021
- Table: 2011 KeyT&D Projects
Industry Risk Reward Ratings
- MEA Power Risk/Reward Ratings
- Table: MENA Power Risk/Reward Ratings (Scores Out Of 100)
- Table: SSA Power Risk/Reward Ratings (Scores Out Of 100)
- Saudi Arabia Power Risk/Reward Ratings
- Rewards
- Risks
Market Overview
- Key Policies And Market Structure
- Regulation and Competition
- Table: IPP - Investment Opportunities
- Saudi Arabia Power Projects Database
- Table: Saudi Arabia Power Projects Database
Competitive Landscape
- Saudi Electricity Company (SEC)
Regional Overview
- MEA Industry Overview
- Glossary of Terms
- Table: Glossary of Terms
- Industry Forecasts
- Power Industry - Data Methodology
- Generation and Consumption Data
- Electricity Generating Capacity Data
- Power Risk/Reward Ratings Methodology
- Table: Power Risk/Reward Indicators
- Sources

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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