Kuwait Power Report - Business Monitor International - Industry Reports

Kuwait Power Report

Kuwait Power Report - Business Monitor International - Industry Reports
Kuwait Power Report
Published Oct 15, 2016
51 pages — Published Oct 15, 2016
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Abstract:

Kuwait s total power generation stood at --.-TWh in ----. Supported by the opening of gas-fired Az- Zour North (phase -) project, we forecast this figure to increase by -.- to --.-TWh in ----. ...Total generation is expected to reach --.-TWh, with oil-fired facilities contributing nearly --.- of the total and the remaining --.- coming from gas-fired power plants. While non-hydro renewables currently account for a negligible share of the total generation, we note that ambitious government plans to develop renewable energy pose a notable upside risk to our forecast. Kuwait s electricity consumption is expected to rise by an annual average of -.- over the coming decade, increasing from --.-TWh in ---- to --.-TWh in ----. ...In August ----, the Kuwaiti government approved a steep cut in fuel subsidies, which increased motor gasoline prices by ----- , depending on the petrol grade. The country s subsidy system reform presents significant downside risk to our consumption forecast.

...The electricity and water ministry has outlined its intention to more than double generating and desalination capacity by ---- and is keen to diversify the country s energy sector, with a greater focus on natural gas as well as renewable energy Completion of Az-Zour power plant, Kuwait s first public-private partnership in the electricity sector, could signal a move towards greater private sector involvement in the industry A number of projects to build Kuwait s renewable energy capacity have been announced, suggesting that the government s ambitions with regard to renewable energy may materialise over the coming years Kuwait s finance ministry has given approval for building a series of power plants, desalination facilities and other infrastructure projects totalling about KWD-bn (USD-.-bn) ...

...Kuwait s total power generation stood at --.-TWh in ----. Supported by the opening of gas-fired Az- Zour North (phase -) project, we forecast this figure to increase by -.- to --.-TWh in ----. Apart from Az-Zour North project, our outlook remains bearish and we forecast total net power generation growth to average just -.- per annum during ---------. Total generation is expected to reach --.-TWh, with oil-fired facilities contributing nearly --.- of the total and the remaining --.- coming from gas-fired power plants. While non-hydro renewables currently account for a negligible share of the total generation, we note that ambitious government s plans to develop renewable energy pose a notable upside risk to our forecast. ...Total generation is expected to reach --.-TWh, with oil-fired facilities contributing nearly --.- of the total and the remaining --.- coming from gas-fired power plants. While non-hydro renewables currently account for a negligible share of the total generation, we note that ambitious government s plans to develop renewable energy pose a notable upside risk to our forecast.

...

  
Source:
Document ID
1755-7062
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Kuwait Power Report" Oct 15, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Kuwait-Power-Report-2026-543>
  
APA:
Business Monitor International - Industry Reports. (2016). Kuwait Power Report Oct 15, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Kuwait-Power-Report-2026-543>
  
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