New Energy research report from Business Monitor International is now available from Fast Market Research
[ClickPress, Fri Apr 29 2016] Significant changes are on the cards in the Kuwaiti power sector as the government attempts to spur investment into the country's ageing infrastructure. The government has earmarked USD9.9bn for infrastructure projects including power , and progress is being made on greenfield thermal and renewable projects. The electricity and water ministry is aiming to double generating and desalination capacity by 2017 to cater to growing demand , and an estimated USD2.5bn is expected to be invested over the medium term .
Latest Updates And Structural Trends
Driven by continued expansion in oil and gas-fired electricity sources, the country's total net generation is forecast to increase from an estimated 66.2 terawatts (TWh) in 2015 to 99.9TWh in 2025.
We forecast gas fired generation to average 7.0% growth per annum over the coming decade, leaving behind oil-fired generation with the average annual expansion rate of 2.3%.
Non-hydro renewables generation will continue rising from a low base, but the sector's contribution to the overall country's power mix will remain very limited.
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In January 2016, the deputy chairman of the state-run energy company Kuwait Petroleum Corporation , Nizar al Adsani, reiterated the government's plans to enact gradual subsidy cuts for energy products during the year.
Kuwait's total electricity consumption was estimated at 56.9TWh in 2015 and we expect this figure to continue growing at an average annual pace of 4.2% in the next decade to reach 85.9TWh in 2025.
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.
BMI Industry View
Summary of BMI’s key industry forecasts, views and trend analysis, covering power markets, regulatory changes, major investments, projects and company developments.
Industry SWOT Analysis
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