Middle East and Africa power industry contracts activity in Q1 2022 saw 63 contracts announced, marking a drop of 42% over the last four-quarter average of 108, according to GlobalData’s power database.

Middle East and Africa power industry contracts in Q1 2022: Saudi Arabia leads activity

Looking at contracts by country, Saudi Arabia led the activity in Q1 2022 with 17 contracts and a share of 27%, up 4.2% over the previous quarter and down 23% when compared with the last four-quarter average, followed by Egypt with seven contracts and a share of 11.1% and South Africa with six contracts and a share of 9.5% during the quarter.

Looking at the last four-quarter average, Saudi Arabia held the top spot with 22 contracts, followed by South Africa with 11 and the United Arab Emirates with nine contracts.

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Solar is top technology area for contracts in Q1 2022

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 23 contracts and a 57.5% share, followed by wind with seven contracts and a 17.5% share and thermal with five contracts and a 12.5% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Power Plant was the most popular segment in Middle East and Africa power contracts activity during Q1 2022, with 18 contracts, followed by T&D Project (17) and Electricity Procurement (13).

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

1. Project Implementation: 25 contracts and a 39.7% share
2. Supply & Erection: 19 contracts and a 30.2% share
3. Power Purchase Agreement: 13 contracts and a 20.6% share
4. Consulting & Similar Services: four contracts and a 6.3% share
5. Repair, Maintenance, Upgrade & Others: two contracts and a 3.2% share.

Power contracts in Q1 2022: Top companies by capacity

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

1. Saudi Power Procurement (Saudi Arabia): 1,000MW from two contracts
2. First Quantum Minerals (Canada): 430MW from one contract
3. East Delta Electricity Production (Egypt): 250MW capacity from one contract.

Power contracts in Q1 2022: Top winners by capacity

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

1. Acwa Power (Saudi Arabia): 700MW from one contract
2. Total Eren (France): 470MW from two contracts
3. Jinko Power (HK) (China), Jinko Power Dhafra Holding (United Arab Emirates), Jinko Power Middle East Holding (United Arab Emirates) and Jinko Power Technology (China): 300MW capacity from one contract.

All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s Power database.

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