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Power Generation Spending in Saudi Arabia Expected to Be $100 Billion Between 2011 and 2020 Says Frost & Sullivan - Rapid economic growth has been envisaged in Saudi Arabia in this decade across sectors such as petrochemicals and plastics, power, water and wastewater, infrastructure, and metals and mining
Power Generation Spending in Saudi Arabia Expected to Be $100 Billion Between 2011 and 2020 Says Frost & Sullivan

 

NewswireTODAY - /newswire/ - Dubai, UAE, United Arab Emirates, 2011/07/13 - Rapid economic growth has been envisaged in Saudi Arabia in this decade across sectors such as petrochemicals and plastics, power, water and wastewater, infrastructure, and metals and mining.

   
 
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This, in turn, is expected to lead to a significant increase in power generation in the country. With the private sector's contribution in power generation expected to grow from 7.4 per cent to over 17 per cent by 2020, the total spend on power between 2011-2020 is pegged at approximately $100 billion.

This surge in power generation is expected to contribute towards an increase in spend on power transmission and distribution (T&D) as well, especially looking at the regional interconnectivity needs and the demand for infrastructure arising from industrialization and urbanization. Frost & Sullivan forecasts a cumulative investment of $30 Billion on Power T&D infrastructure in Saudi Arabia between 2011 and 2016. This is required to develop 4,500-5,000 km of new network infrastructure, and to cater to an increase in customer base by a significant 26 per cent. This would involve $8-10 Billion being spent cumulatively on T&D lines, $7.5-8 Billion on transformers, and approximately $5.5-6 Billion on switchgears.

According to a Frost & Sullivan upcoming Report on 'The GCC Power and Distribution Transformers Market 2010,' the Saudi Arabian power transformer market was estimated to be worth approximately $1 billion in 2010, of which locally-manufactured transformers amounted to $70 million only. The Research Report highlights the need for a skilled workforce with technical capabilities to accelerate local manufacturing. Frost & Sullivan recommends that Saudi Arabia's robust and diversified power strategy can be empowered by developing local vendors for supplying components to transformer manufacturers. The region can look at developing local skill and expertise to tackle the issue of unemployment, thereby contributing towards Saudization.

"Some key challenges faced by the Power T&D Sector in Saudi Arabia today include the constant need of investments to meet peaking demand, lack of coordination between the stakeholders, insufficient focus on energy efficiency, need for technology adoption, lack of qualified manpower, and lack of finances especially for the highly-priced energy-efficient equipment", says Frost & Sullivan Energy and Power Systems Industry Manager Abhay Bhargava.

The Frost & Sullivan Report recommends that the Saudi Arabian power sector should develop localised Saudi manufacturing enterprises, which would help address most equipment requirements of the power T&D market in the country, thereby promoting national enterprises. A critical challenge to the development of the Saudi Arabian power market is the lack of a technically capable workforce. To address this, the country needs to foster an environment that encourages joint ventures, with a focus on technology transfer and development of local talent. The Report also recommends industry involvement in course development, to ensure relevance of training with industry requirements, and concludes with insights on the kind of opportunities that the next 5-10 years will bring up in the country.

If you are interested in more information on this Report, please send an email with your contact details to Tanu Chopra / Deepshri Iyer, Corporate Communications, Frost & Sullivan, at tanu.chopra[.]frost.com/deepshrii[.]frost.com

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

Contact:
Nimisha Iyer, Corporate Communications – South Asia and Middle East
P: +91 98200 50519 / F: +91 22 2832 4713 / E: niyer[.]frost.com.

 
 
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Power Generation Spending in Saudi Arabia Expected to Be $100 Billion Between 2011 and 2020 Says Frost & Sullivan

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Frost & Sullivan |
Contact: Tanu Chopra / Deepshri Iyer 
+91 22 6607 2037 / +91 22 6607 2003 tanu.chopra[.]frost.com / deepshrii[.]frost.com
 
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