In Saudi Arabia, the government is currently focusing on developing an alternative energy sector, despite having sufficient crude oil and gas resources to sustain and develop its electricity generation capabilities. According to our latest research report on Saudi Arabia’s power market, the Kingdom is, however, utilizing crude oil for power generation to balance the use of new oilfields. On the basis of our extensive study and in-depth analysis, we have estimated that the electricity installed capacity in the Kingdom will register a CAGR of around 7% during 2011-2014 on back of reforms and other developments.
The report, “Saudi Arabia Power Market Outlook to 2014”, says, after analyzing the demand-supply matrix, that the electricity production in the Kingdom is growing fast, but still, there is a considerable mismatch as the power demand is increasing rapidly due to the growing demand from the industrial sector. In order to fill the gap, the government is trying to boost the installed power-generating capacity along with private investors.
Our comprehensive study also talks about various Independent Power Projects (IPPs), and Independent Water and Power Projects (IWPPs) being developed in the Kingdom. On analyzing the sector-wise demand, we observed that the residential sector is the leading electricity consumer, while the industrial sector stands third in the consumption value chain. With a view to presenting the complete picture of the market to clients, we have also elaborated regulatory environment, non-conventional energy developments and competitive landscape prevailing in Saudi Arabia’s power industry.