|According to a new research report by RNCOS, “Middle East Power Sector Analysis”, the electricity production in the Kingdom of Saudi Arabia is growing at an unprecedented rate, though there still remains a considerable mismatch in the overall demand-supply matrix. The increase in power demand is attributed to the growing demand from the industrial sector and a significant electricity loss in the Saudi Electricity Company (SEC) system. The government is preparing to boost installed power-generating capacity along with private investors. With the power sector reforms and rapid developments underway, the electricity installed capacity in the Kingdom is projected to register a CAGR of around 7% during 2011-2014 to reach around 65 GW by 2014.
Our research highlights that, the bulk of generating capacity is provided by the majority state-owned SEC. However, the government has encouraged the development of private investment in power and desalination, which means that most of the new generating capacity will come from Independent Power Projects, or Independent Water and Power Projects. Other state bodies contributing in this respect include Saline Water Conversion Corporation, the state-owned utilities firm for the cities of Jubail and Yanbu, Marafiq, and Saudi Aramco.
In addition, our report is an outcome of extensive research and objective analysis of the Middle-East power industry, mainly focusing on potential regional markets. It provides a country level reliable statistics and analysis on electricity installed capacity, and consumption trends. A separate GCC grid interconnection analysis has also been covered in our report along with country-level renewable developments facilitates an all-round market understanding. Moreover, it has also identified key players in the market and included their detail business description along with their recent developments. Overall, our report presents the most unbiased picture of the industry and would serve to be a perfect source of information for clients interested for investments.