Market Report, "Kuwait Power Report Q3 2016", published.
Kuwait seeks to boost investment in its power sector in order to meet the rising electricity demand and prevent recurring power shortages. The government has earmarked USD9.9bn for infrastructure projects including power, and progress is being made on greenfield thermal and renewable projects. Also, the energy ministry is aiming to double generating and desalination capacity by 2017. Nonetheless, we note that the country has a history of significant project delays, while the private investor involvement in the power sector remains very limited.
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The country's total net generation is forecast to increase from an estimated 66.1 terawatts (TWh) in 2015 to 98.1TWh in 2025.
We forecast gas fired generation to average 6.5% annual growth over the coming decade, leaving behind oil-fired generation with an average annual expansion rate of 2.3%.
Kuwait's government passed a bill, which introduces individualised charges for electricity and water based on the actual consumption rate. The parliament also approved an amendment allowing to raise power and water rates for non-Kuwaiti citizens.
Kuwait's total electricity consumption was estimated at 56.8TWh in 2015, marking 4% y-o-y growth and we expect this figure to continue rising at a similar pace over the coming decade, lifting the overall consumption figure to around 84.3TWh by 2025.
We expect transmission and distribution (T&D) losses in Kuwait to reach 9.9TWh in 2016 or 14.1% of the total output. Similar T&D losses - ranging between 13% and 14% of the total generation - will be sustained over the coming decade.
The Kuwait 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 Kuwait 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.
Use BMI's independent industry forecasts for Kuwait to test other views - a key input for successful budgeting and strategic planning in the power market.
Target business opportunities and risks Kuwait's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Kuwait.
Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.
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|Date:||Jul 19, 2016|
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