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Oman Power Report Q2 2016

Oman Power Report Q2 2016

BMI View: Oman may be a relatively small market regionally, with a population of just 4.5mn, but it has significant upside potential, despite the strong headwinds generated for this gas dependent state by the energy price bear market. Thermal power will continue to constitute the vast bulk of electricity generated in the country, fed by extensive oil and gas reserves. Additionally, we are starting to see some forays into renewables, which could prove a viable long-term growth opportunity. Latest Updates And Structural Trends

Although domestic economic growth is slowing in the wake of the fall in global oil and natural gas prices, demand continues to rise in Oman and electricity consumption is forecast to increase steadily. To keep pace with growing demand, the government is investing heavily in power infrastructure and a process of market reform has yielded extensive opportunities through independent power producers (IPPs) and ongoing privatisation. Oman has set a target of producing 10% of energy from renewable sources by 2020 and in line with this target we are now seeing several large-scale solar projects entering the pipeline, with more likely to follow. Overall, therefore, we expect total generation to increase from 38.62TWh in 2016 to 66.07TWh in 2025 - reflecting average annual growth of 6.3% throughout the forecast period.


BMI Industry View
Table: Headline Power Forecasts (Oman 2015-2021)
SWOT
Industry Forecast
Oman Snapshot
Table: Country Snapshot: Economic and Demographic Data (Oman 2015-2019)
Table: Country Snapshot: Economic and Demographic Data (Oman 2020-2025)
Table: Oman Snapshot: Power Sector
Oman Power Forecast Scenario
Electricity Generation And Power Generating Capacity
Table: Total Electricity Generation Data And Forecasts (Oman 2014-2019)
Table: Total Electricity Generation Data And Forecasts (Oman 2020-2025)
Table: Electricity Generating Capacity Data And Forecasts (Oman 2014-2019)
Table: Electricity Generating Capacity Data And Forecasts (Oman 2020-2025)
Electricity Consumption
Table: Total Electricity Consumption Data And Forecasts (Oman 2014-2019)
Table: Total Electricity Consumption Data And Forecasts (Oman 2020-2025)
Transmission And Distribution, Imports And Exports
Table: Electric Power T&D Losses Data And Forecasts (Oman 2014-2019)
Table: Electric Power T&D Losses Data And Forecasts (Oman 2020-2025)
Table: Trade Data And Forecasts (Oman 2014-2019)
Table: Trade Data And Forecasts (Oman 2020-2025)
Industry Risk Reward Ratings
Middle East - MENA Power RRI: GCC Still Firmly On Top
Table: MENA Power RRI
Oman Power Risk/Reward Index
Power Risk/Reward Index
Market Overview
Key Policies And Market Structure
Oman Power Projects Database
Table: Top Ten Projects By Capacity Size
Competitive Landscape
Electricity Holding Company (Nama Group)
Sohar Power Company
Sembcorp Salalah Power and Water Company
Phoenix Power Company
SMN Power Holding
United Power Company
Al Kamil Power Company
ACWA Power
Regional Overview
Glossary
Table: Glossary Of Terms
Methodology
Methodology And Sources
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Power Risk/Reward Index Indicators
Table: Weighting Of Indicators

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