Views
3 years ago

WIP-August 2011.pdf - Global Media Publishing Ltd. - Uk.com

WIP-August 2011.pdf - Global Media Publishing Ltd. - Uk.com

ECONOMIC REPORT Saudi

ECONOMIC REPORT Saudi Arabia power spend to cost $100bn for 2011-2020 Despite market downturns in recent weeks, with the private sector’s contribution in power generation expected to grow from 7.4% to over 17% by 2020, Saudi Arabia’s total spend on power will grow at an unprecedented rate, reports market-leading analyst, Frost & Sullivan. According to a Frost & Sullivan upcoming Report on ‘The GCC Power and Distribution Transformers Market 2010’ this surge in power generation is expected to contribute towards an increase in spend on power transmission and distribution (T&D). The figure also embraces the regional interconnectivity needs and the demand for infrastructure arising from industrialisation and urbanisation. According to the report’s authors - Tanu Chopra and Deepshri Iyer, two analysts working for Frost & Sullivan - there will be a cumulative investment of US$30 billion on Power T&D infrastructure in Saudi Arabia between 2011 and 2016. This is the amount required to develop 4,500-5,000 km of new network infrastructure, and to cater for an increase in customer base by a significant 26%. Frost & Sulliavn’s report suggests this would involve US$8 - 10 billion being spent cumulatively on T&D lines, US$7.5 - 8 billion on transformers, and approximately US$5.5 - 6 billion on switchgears. ‘The GCC Power and Distribution Transformers Market 2010’ report indicates the Saudi Arabian power transformer market was estimated to be worth approximately US$1bn in 2010, of which locallymanufactured transformers amounted to US$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 diversified power strategy can be empowered through sourcing more local vendors to supply specific components to transformer manufacturers. The region can also look at developing local skill and expertise to tackle the issue of unemployment, thereby contributing towards ‘Saudisation’. “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 co-ordination 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 energyefficient equipment”, Frost & Sullivan Energy and Power Systems Industry Manager Abhay Bhargava, tells WIP. The Frost & Sullivan Report recommends that the Saudi Arabian power sector should develop fruther localised Saudi manufacturing enterprises. This move would help address most of the equipment requirements of the power T&D market in the country, thereby [This pic] The Ras Az Zawr Combined Cycle Plant from Siemens. [Below] One of 5 compressors recently supplied to the Kingdom by Siemens. 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 training according to industry requirements, and concludes with insights on the kinds of real opportunities that the next 5-10 years will bring for Saudi Arabia. WIP Internet link www.frost.com 14 A UGUST 2011 • WORLDWIDE I NDEPENDENT P OWER

PERFORMANCE THAT MAKES IT’S MARK ENGINES FOR POWER GENERATION APPLICATIONS

WIP - September - Global Media Publishing Ltd. - UK.COM
WIP - April - Global Media Publishing Ltd. - UK.COM
WIP - July - Global Media Publishing Ltd. - UK.com
WIP & AIP - Sections 1 & 2 - Global Media Publishing Ltd. - UK.COM
The 2012 Olympics - Global Media Publishing Ltd. - Uk.com
AIP-April -2011.pdf - Global Media Publishing Ltd. - Uk.com
On-site power - Global Media Publishing Ltd. - UK.COM
Supplying power - Global Media Publishing Ltd. - Uk.com
3 In 1 - Global Media Publishing Ltd. - Uk.com
FREE ENTRY - Global Media Publishing Ltd. - UK.COM
Powering the space station - Global Media Publishing Ltd. - UK.COM
Cummins Generator Technologies - Global Media Publishing Ltd ...
AIP/IPA Media Pack 2010 - Global Media Publishing Ltd. - UK.COM
DSE is flying high... - Global Media Publishing Ltd. - Uk.com
SAVE - Global Media Publishing Ltd. - UK.COM
WORLDWIDE INDEPENDENT POWER - Global Media Publishing ...
AIP/IPA Media Pack 2010 - Global Media Publishing Ltd. - UK.COM
German business shows its metal - Global Media Publishing Ltd ...
WIP - July - Global Media Publishing Ltd. - UK.COM
Dieselec Thistle Generators - Global Media Publishing Ltd. - Uk.com
India Energy 09 cover.pdf - Global Media Publishing Ltd. - Uk.com
What's new? Ask the inventors. - Global Media Publishing Ltd. - Uk ...
FG Wilson: the Sentrum connection - Global Media Publishing Ltd ...
MEP Front Page.qxd - Global Media Publishing Ltd. - Uk.com
Reaching Professionals Worldwide - Global Media Publishing Ltd ...
WIP & AIP - Sections 1 & 2 - Global Media Publishing Ltd. - Uk.com
Power gives an Alping hand - Global Media Publishing Ltd. - UK.COM
MEP - September 2009 - Global Media Publishing Ltd. - UK.COM
53254_WIP-October 2012.pdf - Global Media Publishing Ltd. - Uk.com
MEP-May 2013.pdf - Global Media Publishing Ltd. - Uk.com