2013-10-21 11:29:59 - Fast Market Research recommends "United Arab Emirates Power Report Q4 2013" from Business Monitor International, now available
Confronted by a sustained increase in demand over our 10-year forecast period, the UAE authorities at both federal and emirate levels are expected to continue to prioritise generating capacity expansion programmes, effectively supporting a bullish outlook for this power market. Although we question whether targets will be met with the anticipated speed, the government and its parastatal utilities are doing most things right, with the country expanding its electricity mix to include a wider range of fuel sources, spanning from traditional steam and gas turbines to carbon-light technologies, such as renewables and nuclear.
Full Report Details at
- www.fastmr.com/prod/694779_united_arab_emirates_power_report_q4_ ..
The UAE is not without its challenges. However, it is seen as one of the more stable Gulf states over the long
term, with a small, wealthy population; no history of terrorism; and no sectarian tensions to speak of. Additionally, with consumer and business sentiment appearing to have finally turned a corner, the outlook for household consumption and fixed investment is particularly bright over the coming quarters, effectively supporting plans for hikes in generating capacity. With more than US$8bn to be invested in the period up to 2020, the market is expected to remain highly attractive to regional and international developers.
* Several major players are vying for contracts in the well-established thermal segment, as well as in renewables and nuclear. Natural gas-fired generation will continue to fire the lion's share of generation (78.71% in 2022), as the country perseveres with fossil-fuel-based capacity additions with a view to taking advantage of its abundant and cheap domestic resources.
* Yet, new technologies are being developed in the country. For instance, state-owned Dubai Electricity and Water Authority (DEWA)'s decision to launch a tender for the construction of a new 1,200 megawatt (MW) coal-fired power plant in Q313 underlines the UAE's ambitious capacity expansion plans, and we believe one of the most notable elements of the project is that it could potentially be the biggest clean coal-fired power plant in the Gulf when it is completed in 2021. Furthermore, with plans in place to deploy carbon capture and storage technology at the site, the captured carbon could be used in Enhanced Oil Recovery (EOR), or utilised to produce biofuels. As a consequence, if the plant can be brought online, it would not only prove to be environmentally friendly, but may also help the UAE achieve a considerable return (by enabling the emirate to extract more oil) on the significant investment that would be needed to bring such a large-scale CCS project online.
* Similarly, the country's nuclear aspirations continue to take shape. The UAE looks set to have its first nuclear reactor in operation by 2017, and in September 2013 the Federal Authority for Nuclear Regulation (FANR), the country's independent nuclear regulatory body, invited the public to review and comment on its draft regulations on its emergency procedures - a positive signal for the country's nuclear programme.
Report Table of Contents:
BMI Industry View
- United Arab Emirates Snapshot
- Table: Country Snapshot: Economic And Demographic Data
- Table: Country Snapshot: Power Sector
- United Arab Emirates Power Forecast Scenario
- Electricity Generation And Power Generating Capacity
- Table: UAE Total Electricity Generation Data And Forecasts, 2011-2016
- Table: UAE Total Electricity Generation Long-Term Forecasts, 2017-2022
- Table: UAE Electricity Generating Capacity Data And Forecasts, 2011-2016
- Table: UAE Electricity Generating Capacity Long-Term Forecasts, 2017-2022
- Table: Planned UAE Nuclear Power Reactors
- Electricity Consumption
- Table: UAE Total Electricity Consumption Data And Forecasts, 2011-2016
- Table: UAE Total Electricity Consumption Long-Term Forecasts, 2017-2022
- Transmission & Distribution, Imports & Exports
- Table: UAE Electric Power Transmission And Distribution Losses Data And Forecasts, 2011-2016
- Table: UAE Electric Power Transmission And Distribution Losses Long-Term Forecasts, 2017-2022
Industry Risk/Reward Ratings
- MEA Power Risk/Reward Ratings
- Table: MENA Risk/Reward Ratings, Scores Out Of 100
- Table: SSA Power Risk/Reward Ratings (Scores Out Of 100)
- United Arab Emirates Power Risk/Reward Ratings
- Key Policies And Market Structure
- Regulation And Competition
- Sustainable Energy Policies
- United Arab Emirates Power Projects Database
- Table: Projects - Power
- MEA Regional Overview
- Table: Glossary Of Terms
- Methodology And Sources
- Industry Forecasts
- Power Industry - Data Methodology
- Generation and Consumption Data
- Electricity Generating Capacity Data
- Power Risk/Reward Ratings Methodology
- Table: Power Risk/Reward Indicators
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