Market Report, "Kuwait Power Report Q3 2014", published

Kuwait's first public-private p artnership for the construction of the 1.5GW al-Zour power plant and desalination plant has the potential to set a precedent for greater private sector engagement within Kuwait's infrastructure and power sectors. The country, which relies almost entirely on conventional thermal sourc es for electricity generation, has suffered from power shortages in recent months. With demand for power likely to continue rising rapidly in the years ahead, the government is keen to spur additional investment in the sector. That said, Kuwait's business environment remains challenging for international investors, and we question the timely realisation of the project given the barriers still left to overcome.

Conventional thermal sources will remain the dominant fuel for electricity generation in Kuwait over the coming years. Following the Fukushima tragedy in 2011, Kuwait ordered the National Nuclear Energy Committee to be dissolved and officially abandoned its pursuit of nuclear power. However, the country is nevertheless aiming to reduce its domestic oil consumption in an effort to free up additional barrels for export, with many power projects that are planned or under construction set to use gas.

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The electricity and water ministry wishes to more than double generating and desalination capacity by 2017 to cater for growing demand and an estimated USD2.5bn is expected to be invested over the medium term. As part of these efforts, in late December 2013 the government awarded a USD2bn contract for the construction of the emirate's first independent water and power contract, granting private companies a stake in the country's energy sector for the first time in an effort to encourage investment. The government has also set ambitious targets with regard to the use of renewable energy, and in March called for Expressions of Interest from international firms for the construction of the country's first integrated solar power...

The Kuwait Power Report features Business Monitor International (BMI)'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.

Key Benefits

* 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.

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