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United Arab Emirates Power Report Q2 2016

United Arab Emirates Power Report Q2 2016

BMI View: Our forecast for the UAE power sector remains bullish over the next decade, driven by thegovernment's efforts to expand its power capacity. As corroborated by recent developments, we continue toexpect the UAE to focus on expanding its nascent nuclear and solar industries, which will result in thesetwo sectors making a much greater contribution to the country's electricity capacity and generation mixover our forecast period. While solar and nuclear gain traction, the role of natural gas in the power mixwill diminish, freeing up gas for export. Yet we remain sceptical about the ability of the country to meet itstargets with the anticipated speed.Key Trends And Developments

Nuclear power generation will be a key component of the UAE's power mix diversification strategy overthe next decade. We believe increasing natural gas imports, due to strong power consumption growth andheavy reliance on gas-fired power generation, will be the key driver of such efforts. The continuedgrowth in gas demand will reinforce government support for diversification, adding tailwinds to nuclearpower, as well as renewables, over the longer term. Despite the dominance of natural gas, nuclear andrenewables will grow significantly over our 10-year forecast period, as a strong project pipeline fornuclear reactors and solar power plants begins to go online.

The UAE's position as a GCC regional hotspot for solar development will remain unrivalled over our 10-year forecast period, as advantageous climatic conditions, the increasing cost competitiveness of solarpower and strong government commitment to power mix diversification drive growth. The strengtheningproject pipeline is testament to this view.

Inefficient consumption of electricity and a reliance on energy intensive water desalination plants supportour bullish outlook for power consumption in the UAE over the next decade. We expect the governmentto aim to curb such growth through boosting energy efficiency; efforts we believe will centre onimplementing measures that ensure smarter consumption of electricity and water. We expectopportunities to increasingly be on offer for companies that operate in this space, and in turn, this willpresent a downside risk to our power consumption forecast.


BMI Industry View
Table: Headline Power Forecasts (United Arab Emirates 2015-2021)
SWOT
Industry Forecast
United Arab Emirates Snapshot
Table: Country Snapshot: Economic and Demographic Data (United Arab Emirates 2015-2019)
Table: Country Snapshot: Economic and Demographic Data (United Arab Emirates 2020-2025)
Table: Country Snapshot: Power Sector
United Arab Emirates Power Forecast Scenario
Electricity Generation And Power Generating Capacity
Thermal Generation and Thermal Generating Capacity
Nuclear Generation and Nuclear Generating Capacity
Table: Planned UAE Nuclear Power Reactors
Renewables Generation And Generating Capacity
Table: Total Electricity Generation Data And Forecasts (United Arab Emirates 2014-2019)
Table: Total Electricity Generation Data And Forecasts (United Arab Emirates 2020-2025)
Table: Electricity Generating Capacity Data And Forecasts (United Arab Emirates 2014-2019)
Table: Electricity Generating Capacity Data And Forecasts (United Arab Emirates 2020-2025)
Electricity Consumption
Table: Total Electricity Consumption Data And Forecasts (United Arab Emirates 2014-2019)
Table: Total Electricity Consumption Data And Forecasts (United Arab Emirates 2020-2025)
Transmission And Distribution, Imports And Exports
Table: Electric Power T&D Losses Data And Forecasts (United Arab Emirates 2014-2019)
Table: Electric Power T&D Losses Data And Forecasts (United Arab Emirates 2020-2025)
Industry Risk/Reward Index
MENA Power Risk Reward Index
Table: MENA Power RRI
United Arab Emirates Power Risk/Reward Index
Rewards
Risks
Market Overview
Key Policies And Market Structure
Regulation And Competition
Sustainable Energy Policies
United Arab Emirates Power Projects Database
Table: United Arab Emirates - Top 10 Power Projects By Capacity
Competitive Landscape
DEWA
ADWEA
TAQA
Company Profile
TAQA
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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