Middle East & Africa power industry contracts down 33% in August 2020

Noble Horvath

*Power transmission lines Lagos — Middle East and Africa power industry contracts activity in August 2020 saw 20 contracts announced, marking a drop of 33% over the last 12-month average of 30, according to GlobalData’s power database. Middle East and Africa power industry contracts in August 2020: Iran leads activity […]

*Power transmission lines

Lagos — Middle East and Africa power industry contracts activity in August 2020 saw 20 contracts announced, marking a drop of 33% over the last 12-month average of 30, according to GlobalData’s power database.

Middle East and Africa power industry contracts in August 2020: Iran leads activity

Looking at contracts by country, Iran led the activity in August 2020 with three contracts and a share of 15%, down 2.6% over the previous month and flat growth when compared with the last 12 month-average, followed by the United Arab Emirates with three contracts and a share of 15% and Egypt with two contracts and a share of 10% during the month.

Looking at the last 12-month average, Iran held the top spot with three contracts, followed by Saudi Arabia with three and the United Arab Emirates with two contracts.

Thermal is top technology area for contracts in August 2020

Looking at contracts divided by the type of technology, thermal accounted for the largest proportion with four contracts and a 50% share, followed by solar with two contracts and a 25% share and hydro with one contract and a 12.5% share.

Looking at power industry contracts divided by segment in Middle East and Africa as tracked by GlobalData, T&D Project was the most popular segment in August 2020, with eight contracts, followed by Power Plant (6) and T&D Equipment (4).

The proportion of contracts by category tracked by GlobalData in the month was as follows:

– Consulting & Similar Services: six contracts and a 30% share

– Project Implementation: six contracts and a 30% share

– Supply & Erection: six contracts and a 30% share

– Repair, Maintenance, Upgrade & Others: two contracts and a 10% share.

Power contracts in August 2020: Top issuers by capacity

The top issuers of contracts for the month in terms of power capacity involved in Middle East and Africa were:

– New and Renewable Energy Authority (Egypt): 250MW from one contract

– Government of Madagascar (Madagascar): 56MW from one contract.

Power contracts in August 2020: Top winners by capacity

The top winners of contracts for the month in terms of power capacity involved in Middle East and Africa were:

– Vestas Wind Systems (Denmark): 250MW from one contract

– China Three Gorges (China): 56MW from one contract.

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