New market study, "Kuwait Power Report Q4 2015", has been published
New Energy market report from Business Monitor International: "Kuwait Power Report Q4 2015"
[USPRwire, Wed Oct 21 2015] Blackouts across Kuwait have drawn attention to the significant challenges the Kuwaiti power sector is facing. With power generation struggling to keep up with growing demand, much greater levels of investment are urgently needed. It appears the state is addressing the situation having earmarked USD9.9bn for infrastructure projects including power. Over the last three months there has also been a visible shift to a more positive attitude over foreign investment in the power sector.
Significant changes are on the cards in the Kuwaiti power sector over the coming years, as the government attempts to spur investment into the country's ageing infrastructure. Kuwait's first public-private partnership (PPP) for the construction of the 1.5-gigawatt Al-Zour power and desalination plant has the potential to set a precedent for greater private sector engagement within Kuwait's infrastructure and power industries, which has the potential to lead to an influx of investment. At the same time, the government is attempting to scale back its generous regime of energy subsidies, which have led to overconsumption and waste. Despite the potential, significant roadblocks continue to lie in the way, not least those presented by the emirate's dysfunctional political establishment.
Full Report Details at
Conventional thermal sources have long been the dominant fuel for energy generation in Kuwait and despite some government efforts to diversify the sector, oil and gas will remain the dominant energy source 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.
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.
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