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.
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