REF ER EN CE CO DE GD PE0770IC R | PU BLIC AT IO N D AT E APR IL 2015
UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Executive Summary
Annual power consumption increased from XX
The UAE has one of the most impressive economies in the Middle East. Largely due to the economic performance of the constituent states of Dubai and Sharjah, its Gross Domestic Product (GDP) increased at a Compound Annual Growth Rate (CAGR) of XX% from $XX billion in 2000 to $XX billion in 2014.
Electricity consumption
followed suit, growing at a CAGR of XX% during the same period. Although the region is not highly industrialized, the rapid growth of the services industry and vast investment in real estate have ensured the growth of electricity consumption.
GDP (constant prices)
Source: GlobalData; IMF, 2014 TWh: Terawatt hour
2014
2013
2011
2012
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
GDP ($bn)
Annual power consumption (TWh)
Power Market, UAE, Gross Domestic Product ($bn) and Annual Power Consumption (TWh), 2000–2014
Annual power consumption
TWh in 2000 to XX TWh in 2014 at a CAGR of XX% due to growth in both the economy and the size of the population. Annual electricity generation increased during the same period from XX TWh in 2000 to XX TWh in 2014 at a CAGR of XX%. Renewable generation in the UAE is still in its nascent stages, and so the additional electricity generation came almost entirely from thermal sources. Power Market, UAE, Annual Power Consumption and Generation (TWh), 2000–2014 Annual power consumption and generation (TWh)
UAE’s Power Sector Outlook
2000
2007
Annual power consumption
2014 Annual power generation
Source: GlobalData, Power Database [Accessed on March 20, 2015]
In 2014, thermal sources accounted for XX% of UAE’s total installed capacity, with gas-based capacity contributing XX% and oil-based thermal capacity contributing only XX%. The remaining XX% came from renewable sources, including solar Photovoltaic (PV), Concentrated Solar Power (CSP) and onshore wind.
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UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Table of Contents
1 1
2
Table of Contents Table of Contents ....................................................................................................................... 4 1.1
List of Tables ...................................................................................................................... 8
1.2
List of Figures ..................................................................................................................... 9
Introduction ............................................................................................................................... 10 2.1
3
4
UAE, Power Market, Snapshot ................................................................................................. 12 3.1
UAE, Power Market, Macro-economic Factors .................................................................. 12
3.2
UAE, Power Market, Supply Security ................................................................................ 14
3.3
UAE, Power Market, Opportunities.................................................................................... 15
3.4
UAE, Power Market, Challenges ....................................................................................... 15
UAE, Power Market, Market Analysis ....................................................................................... 17 4.1
UAE, Power Market, Supply Structure .............................................................................. 17
4.2
UAE, Power Market, Key Market Players .......................................................................... 18
4.3
UAE, Power Market, Financial Deals ................................................................................ 19
4.3.1
Deal Volume and Value Analysis, 2004–March 2015 .................................................... 19
4.3.2
Deals by Type, 2014 ..................................................................................................... 20
4.4 4.4.1 5
GlobalData Report Guidance ............................................................................................ 11
UAE, Power Market, Demand Structure ............................................................................ 20 Electricity Consumption by Sector, 2014 ....................................................................... 23
UAE, Power Market, Regulatory Scenario ................................................................................ 24 5.1
UAE, Power Market, Key Electricity Policies ..................................................................... 24
5.2
UAE, Power Market, Nuclear Energy Policy ...................................................................... 24
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UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Table of Contents
5.3 6
UAE, Power Market, Renewable Energy Policies.............................................................. 26
UAE, Power Market, Capacity and Generation Overview .......................................................... 28 6.1
UAE, Power Market, Cumulative Installed Capacity by Fuel Type, 2014 ........................... 28
6.2
UAE, Power Market, Cumulative Installed Capacity and Annual Power Generation, 2000– 2025.................................................................................................................................. 29
6.2.1
Cumulative Installed Thermal Capacity and Annual Thermal Power Generation, 2000– 2025 ............................................................................................................................. 32
6.2.2
Cumulative Installed Nuclear Capacity and Annual Nuclear Power Generation, 2000– 2025 ............................................................................................................................. 36
6.2.3
Cumulative Installed Renewable Capacity and Annual Renewable Power Generation, 2000–2025 ................................................................................................................... 39
7
UAE, Power Market, Transmission and Distribution Overview .................................................. 42 7.1 7.1.1
Upcoming Projects ........................................................................................................ 44
7.2
UAE, Power Market, Distribution Overview ....................................................................... 44
7.3
UAE, Power Market, Grid Interconnection ......................................................................... 45
7.3.1 7.4 8
UAE, Power Market, Transmission Overview .................................................................... 42
Electricity Import and Export Trends, 2000–2013 .......................................................... 46 UAE, Power Market, Electricity Trading............................................................................. 46
The UAE, Power Market, Competitive Landscape: Snapshot of Leading Power Generating Companies ............................................................................................................................... 47 8.1
Key Company in the UAE Power Market: Abu Dhabi Water & Electricity Authority ............ 47
8.1.1
Company Overview ....................................................................................................... 47
8.1.2
Business Description ..................................................................................................... 47
8.1.3
SWOT Overview ........................................................................................................... 48
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Table of Contents
8.2 8.2.1
Company Overview ....................................................................................................... 51
8.2.2
Business Description ..................................................................................................... 51
8.2.3
SWOT Overview ........................................................................................................... 52
8.3
Key Company in the UAE Power Market: Sharjah Electricity & Water Authority ................ 56
8.3.1
Company Overview ....................................................................................................... 56
8.3.2
Business Description ..................................................................................................... 56
8.3.3
SWOT Overview ........................................................................................................... 57
8.4
9
Key Company in the UAE Power Market: Dubai Electricity and Water Authority ............... 51
Key Company in the UAE Power Market: Federal Electricity & Water Authority ................ 60
8.4.1
Company Overview ....................................................................................................... 60
8.4.2
Business Description ..................................................................................................... 60
8.4.3
SWOT Overview ........................................................................................................... 61
Appendix................................................................................................................................... 64 9.1
Market Definitions ............................................................................................................. 64
9.1.1
Power............................................................................................................................ 64
9.1.2
Installed Capacity .......................................................................................................... 64
9.1.3
Electricity Generation .................................................................................................... 64
9.1.4
Electricity Consumption ................................................................................................. 64
9.1.5
Thermal Power Plant ..................................................................................................... 64
9.1.6
Hydropower Plant .......................................................................................................... 64
9.1.7
Nuclear Power............................................................................................................... 64
9.1.8
Renewable Energy Resources ...................................................................................... 65
9.2
Abbreviations .................................................................................................................... 66
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UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Table of Contents
9.3
Bibliography ...................................................................................................................... 67
9.4
GlobalData’s Methodology ................................................................................................ 67
9.4.1
Coverage ...................................................................................................................... 68
9.4.2
Secondary Research and Analysis ................................................................................ 68
9.4.3
Primary Research and Analysis..................................................................................... 69
9.5
Disclaimer ......................................................................................................................... 69
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UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Table of Contents
1.1
List of Tables
Table 1:
Power Market, UAE, Gross Domestic Product ($bn), Population (million) and Annual Power Consumption (TWh), 2000–2019 ................................................................................................. 14
Table 2:
Power Market, UAE, Market Share of Power Generation Companies (%), 2014........................... 18
Table 3:
Power Market, UAE, Deal Value ($bn) and Number of Deals, 2004–March 2015 ......................... 20
Table 4:
Power Market, UAE, Annual Power Consumption (TWh), 2000–2025 .......................................... 22
Table 5:
Power Market, UAE, Electricity Consumption by Sector (%), 2014 ............................................... 23
Table 6:
Power Market, UAE, Cumulative Installed Capacity by Fuel Type (%), 2014 ................................ 28
Table 7:
Power Market, UAE, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2025 .................................................................................................................................. 31
Table 8:
Power Market, UAE, Leading Thermal Power Plants, 2015 .......................................................... 33
Table 9:
Power Market, UAE, Cumulative Installed Thermal Power Capacity (GW) and Annual Thermal Power Generation (TWh), 2000–2025 ......................................................................................... 35
Table 10:
Power Market, UAE, Upcoming Nuclear Power Units, 2015–2020 ............................................... 36
Table 11:
Power Market, UAE, Cumulative Installed Nuclear Power Capacity (GW) and Annual Nuclear Power Generation (TWh), 2000–2025 ......................................................................................... 38
Table 12:
Power Market, UAE, Cumulative Installed Renewable Power Capacity and Annual Renewable Power Generation, 2000–2025 .................................................................................................... 41
Table 13:
Power Market, UAE, Transmission Line Length (Ckm), 2000–2020 ............................................. 43
Table 14:
Power Market, UAE, Upcoming Transmission Line Projects, 2015–2020 ..................................... 44
Table 15:
Power Market, UAE, Distribution Line Length (Ckm), 2000–2020 ................................................. 45
Table 16:
Power Market, UAE, Abu Dhabi Water and Electricity Authority, SWOT Profile, 2014 .................. 49
Table 17:
Power Market, UAE, Dubai Electricity and Water Authority, SWOT Profile, 2014.......................... 52
Table 18:
Power Market, UAE, Sharjah Electricity & Water Authority, SWOT Profile, 2014 .......................... 57
Table 19:
Power Market, UAE, Federal Electricity & Water Authority, SWOT Profile, 2014 .......................... 61
Table 20:
Abbreviations .............................................................................................................................. 66
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UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Table of Contents
1.2
List of Figures
Figure 1:
Power Market, UAE, Gross Domestic Product ($bn), Population (million), and Annual Power Consumption (TWh), 2000–2019 ................................................................................................. 13
Figure 2:
Power Market, UAE, Market Share of Power Generation Companies (%), 2014........................... 18
Figure 3:
Power Market, UAE, Deal Value ($bn) and Number of Deals, 2004–March 2015 ......................... 19
Figure 4:
Power Market, UAE, Annual Power Consumption (TWh), 2000–2025 .......................................... 21
Figure 5:
Power Market, UAE, Electricity Consumption by Sector (%), 2014 ............................................... 23
Figure 6:
Power Market, UAE, Cumulative Installed Capacity by Fuel Type (%), 2014 ................................ 28
Figure 7:
Power Market, UAE, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2025 .................................................................................................................................. 30
Figure 8:
Power Market, UAE, Cumulative Installed Thermal Power Capacity (GW) and Annual Thermal Power Generation (TWh), 2000–2025 ......................................................................................... 34
Figure 9:
Power Market, UAE, Cumulative Installed Nuclear Power Capacity (GW) and Annual Nuclear Power Generation (TWh), 2000–2025 ......................................................................................... 37
Figure 10: Power Market, UAE, Cumulative Installed Renewable Power Capacity (GW) and Annual Renewable Power Generation (TWh), 2000–2025 ....................................................................... 40
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UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Introduction
2
Introduction
The UAE, a federation of seven emirates in the Arabian Peninsula: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain, is one of the biggest exporters of oil in the world and plays a major role in the Organization of the Petroleum Exporting Countries (OPEC). It is currently on a high growth trajectory due to substantial oil and gas reserves and is one of the most prosperous countries in the Middle East. The UAE has an open economy with a high per-capita income and a sizable annual trade surplus. Predominantly an oil-dependent nation, it is trying to diversify its power mix by putting greater emphasis on the development of renewable and nuclear energy. The UAE has undergone robust industrialization over the past few years, making practical and effective use of its substantial natural resources. Private sector participation is increasing significantly, and government agencies are creating better job opportunities. The UAE’s Free Trade Zones, which offer XX% foreign ownership and zero taxes, are also providing a major boost to economic development. In April 2004, the UAE signed a Trade and Investment Framework Agreement with Washington and in November 2004 entered negotiations with the US for a Free Trade Agreement (FTA). However, there has been no advancement in the FTA, mainly due to concerns over the UAE’s labor laws and human rights record. The UAE’s Gross Domestic Product (GDP) amounted to $XX billion in 2014, with a growth rate of XX% over 2013 (IMF, 2014). The main driver of the economy is revenue from its oil sector, which helped the economy to grow greatly between 2000 and 2008 until the financial crisis in 2009. This global crisis, which resulted in tight international credit and deflated asset prices, resulted in a negative estimated GDP growth rate of XX% in 2009. The industrial sector accounted for an estimated share of XX% of overall GDP in 2013, with the services sector accounting for XX%. The agricultural sector accounted for a minimal share of less than XX% (CIA, 2014). Rapid growth in the economy and in the size of the population has allowed electricity consumption to grow phenomenally. Total power consumption in 2000 was XX Terawatt hours (TWh), which increased to XX TWh in 2014 at a Compound Annual Growth Rate (CAGR) of XX%.
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UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Introduction The Federal Electricity and Water Authority (FEWA), Abu Dhabi Water and Electricity Authority (ADWEA), Dubai Electricity and Water Authority (DEWA), and Sharjah Electricity and Water Authority (SEWA), all of which operate under the Ministry of Energy, are responsible for the overall generation, transmission and distribution of energy in their respective emirates. The Regulation and Supervision Bureau (RSB) is an independent regulatory authority responsible for all activities related to the power sector in Abu Dhabi.
2.1
GlobalData Report Guidance
The executive summary captures the key growth trends in the UAE’s power market.
Chapter three provides a snapshot of the key parameters that impact the UAE’s power sector, as well as key points about the power market.
Chapter four provides an analysis of the UAE’s power market.
Chapter five details the regulatory scenario of the power market and the inward foreign investment scenario in the UAE.
Chapter six provides information on the UAE’s cumulative installed capacity and annual generation trends by individual generation source.
Chapter seven describes the power transmission and distribution infrastructure in the UAE and provides information on interconnectors with neighboring countries. The section also covers electricity imports and exports and upcoming grid-related projects.
Note: All 2014 market numbers provided in the report are estimates, except where actual data were available.
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UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
UAE, Power Market, Market Analysis
4.4.1
Electricity Consumption by Sector, 2014
The residential sector is the largest consumer of electricity in the UAE. Its share in the total electricity consumption is increasing, bolstered by the realty boom in Dubai and the rising affluence of its citizens. The residential sector accounted for an estimated XX% of total electricity consumption in 2014, followed immediately by the commercial sector, which accounted for an estimated XX% and the industrial sector with XX%. Other sectors, including government offices and other public utilities, are estimated to have accounted for the remaining XX%. Figure 5: Power Market, UAE, Electricity Consumption by Sector (%), 2014 Other Residential Industrial
Commercial Source: GlobalData
Table 5:
Power Market, UAE, Electricity Consumption by Sector (%), 2014
Sector
Share
Residential Commercial Industrial Others Source: GlobalData
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UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
UAE, Power Market, Capacity and Generation Overview
6.2
UAE, Power Market, Cumulative Installed Capacity and Annual Power Generation, 2000–2025
In 2000, the UAE’s cumulative installed capacity stood at XX GW, which increased to XX GW by 2014 at a CAGR of XX%. Thermal sources, including gas and oil, accounted for more than XX% of capacity in 2014. Installed capacity is expected to increase at a CAGR of XX% in the 2015–2025 forecast period. Thermal fuel sources will remain the highest contributors in 2025, despite their relative share in the total power mix being expected to decline to XX% by then. Renewable energy sources are expected to witness the highest CAGR growth, at XX%, during the forecast period. A shift in government focus towards renewable sources due to growing environmental concerns has resulted in the scale-up of solar and wind projects. Nuclear energy projects are expected to contribute to the total energy mix in the near future, and the first XX GW nuclear power plant will come online by 2017. By 2020, XX GW of nuclear power plants will be set up in the UAE. The government is expected to provide further impetus to the development of nuclear energy projects in the future. Total electricity generation in the UAE increased from XX TWh in 2000 to XX TWh in 2014, recording a CAGR of XX%. With expected high demand due to robust industrialization and high residential electricity demand, power generation is expected to increase during the forecast period at a CAGR of XX% to XX TWh by 2025. Thermal fuel sources are expected to dominate the power generation mix with XX% (126 TWh) in 2025. Nuclear energy is expected to account for XX% of total generation in the UAE by 2025. The renewable energy sector is expected to register a sharp increase at a CAGR of XX% during the forecast period, reaching an estimated generation of XX TWh by 2025.
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UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
UAE, Power Market, Capacity and Generation Overview
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Annual power generation (TWh)
Cumulative installed capacity (GW)
Figure 7: Power Market, UAE, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2025
Cumulative installed capacity
Annual power generation
Source: GlobalData, Power Database [Accessed on March 19, 2015]
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UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
UAE, Power Market, Capacity and Generation Overview
Table 7: Year
Power Market, UAE, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2025 Cumulative installed capacity
Annual power generation
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: GlobalData, Power Database [Accessed on March 19, 2015]
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UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Appendix
9
Appendix
9.1
Market Definitions
9.1.1
Power
Power refers to the rate of production, transfer or energy use, usually related to electricity. It is measured in Watts (W) and often expressed in kilowatts (kW) or Megawatts (MW). It is also known as real power or active power.
9.1.2
Installed Capacity
Installed capacity refers to either the generator’s nameplate capacity, as stated by the manufacturer, or the maximum rated output of a generator under given conditions. It is given in Megawatts (MW) on a nameplate affixed to the generator.
9.1.3
Electricity Generation
Electricity generation refers to the process of generating electricity from other forms of energy. It also refers to the amount of electricity produced. It is expressed in Gigawatt hours (GWh).
9.1.4
Electricity Consumption
Electricity consumption is the sum of electricity generated, plus imports, minus exports and transmission and distribution losses. It is measured in Gigawatt hours (GWh).
9.1.5
Thermal Power Plant
A thermal power plant is a plant in which turbine generators are driven by burning fossil fuels.
9.1.6
Hydropower Plant
A hydropower plant is a plant in which the turbine generators are driven by falling water.
9.1.7
Nuclear Power
Nuclear power is the energy released from the fission of nuclear fuel in a reactor.
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Appendix
9.1.8
Renewable Energy Resources
Renewable energy resources are those that provide energy that is naturally replenished but limited in the amount of energy available per unit of time. Biomass, geothermal, solar, small hydro and wind are examples of renewable resources.
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UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Appendix
9.2
Abbreviations
Table 20:
Abbreviations
AADC
Al Ain Distribution Company
ADDC
Abu Dhabi Distribution Company
ADWEA
Abu Dhabi Water and Electricity Authority
CAGR
Compound Annual Growth Rate
CCGT
Combined-Cycle Gas Turbine
Ckm
Circuit kilometer
Cogen
Cogeneration
CSP
Concentrated Solar Power
DEWA
Dubai Electricity and Water Authority
DSCE
Dubai Supreme Council of Energy
ENEC
Emirates Nuclear Energy Corporation
ENG
Emirates National Grid
FANR
Federal Authority for Nuclear Regulation
FEWA
Federal Electricity and Water Authority
FTA
Free Trade Agreement
GCC
Gulf Co-operation Council
GDP
Gross Domestic Product
GW
Gigawatt
GWh
Gigawatt hour
IAEA
International Atomic Energy Agency
KEPCO
Korean Electric Power Corporation
kV
kilovolt
MW
Megawatt
OPEC
Organization of the Petroleum Exporting Countries
PV
Photovoltaic
RSB
Regulation and Supervision Bureau
SEWA
Sharjah Electricity and Water Authority
TAQA
Abu Dhabi National Energy Company
TRANSCO
Abu Dhabi Transmission and Despatch Company
TWh
Terawatt hour
WENRA
Western European Nuclear Regulators Association
Source: GlobalData
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UAE POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Appendix
9.3
Bibliography AUPTDE (2010). Statistical Bulletin 2010 Issue 19. Arab Union of Electricity, 2010. Available from: http://www.auptde.org/Article_Files/555.pdf
AUPTDE (2011). Statistical Bulletin 2011 Issue 20. Arab Union of Electricity, 2011. Available from: http://www.auptde.org/Article_Files/2011.pdf
AUPTDE (2013). Statistical Bulletin 2013 Issue 22. Arab Union of Electricity, 2013. Available from: http://www.auptde.org/Article_Files/2013.pdf
CIA (2014). United Arab Emirates: The World Factbook. Central Intelligence Agency. Available from: https://www.cia.gov/library/publications/the-world-factbook/geos/ae.html [Accessed on March 18, 2015]
IMF (2014). World Economic Outlook Database, October 2014 [database]. Available at: http://www.imf.org/external/pubs/ft/weo/2014/02/weodata/index.aspx [Accessed on March 18, 2015]
WNA (2014). Nuclear Power in the United Arab Emirates. World Nuclear Association, January 2014. Available from: http://www.world-nuclear.org/info/Country-Profiles/Countries-T-Z/UnitedArab-Emirates/ [Accessed on March 19, 2015]
9.4
GlobalData’s Methodology
GlobalData’s dedicated research and analysis teams consist of experienced professionals with advanced statistical expertise and marketing, market research and consulting backgrounds in the energy industry. GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and Strategic and Competitive Intelligence Professionals (www.scip.org). All of GlobalData’s databases are continuously updated and revised. The following methodology has been followed for the collection and analysis of the data presented in this report.
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Appendix
9.4.1
Coverage
This report covers the UAE’s power market. It examines the market structure and provides historical and forecast data for generation, capacity and consumption up to 2030. It also looks at the market’s regulatory structure, import and export trends, competitive landscape, and leading active and upcoming power projects.
9.4.2
Secondary Research and Analysis
The capacity, generation and consumption data is collected and validated using a number of secondary resources, including, but not limited to:
Government agencies, ministerial websites, industry associations, the World Bank and statistical databases
Company websites, annual reports, financial reports, broker reports and investor presentations
Industry trade journals, market reports and other literature
GlobalData’s proprietary databases such as the Capacity and Generation Database, Power Plant Database and Transmission and Distribution Database
Further to this, the following secondary information is collected and analyzed to project the UAE’s power market scenario to 2030, analyzing factors such as:
Macro-economic scenario
Government regulations, policies and targets
Government and private sector investment
Contract and deal announcements
Utility expansion plans
The sector’s historical track record
Other qualitative insights built through secondary research and analysis of company websites, annual reports, investor presentations, industry and trade journals, and data from industry associations.
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Appendix
9.4.3
Primary Research and Analysis
Secondary research is further complemented through primary interviews with industry participants to verify the market numbers obtained through secondary research and obtain first-hand information on industry trends. The participants are drawn from a diverse set of backgrounds, including equipment manufacturers, industry associations, government bodies, utilities, distributors, and academia. The participants include but are not limited to C-level executives, industry consultants, academic experts, business development and sales managers, purchasing managers, plant managers, government officials and industry spokespeople.
9.5
Disclaimer
All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData.
This report is a licensed product and should not to be reproduced without prior permission.
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