Now Available: Qatar Power Report Q3 2016

From: Fast Market Research, Inc.
Published: Tue Jul 12 2016

Developing greater power capacity and security remains a key focus of the Qatari government. While the country does currently have sufficient capacity, consumption is growing and Qatar will need to rapidly develop additional generation if it is to keep up with rising demand. The government has committed to extensive investment in new power plants over the coming years, though at present few specific project details have been announced. Instead much of the project pipeline is currently accounted for by transmission grid expansion and improvements. Of the expected new power plant developments, we expect the vast majority will be concentrated on natural gas fired power due to Qatar's extensive reserves, with some small investment in the solar power segment as Qatar aims for 2% renewable energy in the mix by 2022.

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Latest Updates And Structural Trends

The Arab Petroleum Investments Corporation (Apicorp) estimates that Qatar's power sector will require USD9bn of investment between 2016 and 2020 in order to expand capacity to keep up with rising consumption demands. Qatar is largely on track to meet the required investment, with the Finance Minister Ali Shareef Al Emadi reported in late 2015 that some QAR30bn (USD8.2bn) was due to be spent on water and power projects.

Opportunities continue to arise for foreign construction firms and power equipment providers. In May 2016 Siemens announced it has been awarded a contract to provide six gas turbines, four steam turbines and ten generators for the new Umm Al Houl combined-cycle power plant. Siemens is also working with Kahramaa on various grid and substation upgrade projects.

At present, we are maintaining our forecasts for 5.7% growth in generation in 2016 followed by further similar growth over the course of the ten year forecast period through to 2025, to reach 65.35TWh. We do note some upside risk, however, as more projects are expected to be added to the pipeline in the coming months.

The Qatar 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 Qatar 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 Qatar to test other views - a key input for successful budgeting and strategic planning in the power market.
Target business opportunities and risks Qatar's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Qatar.

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