APICORP Energy Research: GCC power markets – reliance on IPPs set to grow

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APICORP is pleased to release the August issue of its Monthly Energy Commentary: GCC power markets: reliance on IPPs set to grow

The APICORP Energy Research is a monthly publication issued by the newly established Energy Research Department. Its purpose is to analyse the key issues and trends shaping the energy landscape in the Middle East and North Africa. The APICORP Energy Research is primarily aimed at energy professionals in the private and public sectors and the wider finance community.

GCC power markets: reliance on IPPs set to grow

Over the next five years the private sector will be responsible for adding more than 20GW of generating capacity in the GCC, giving state utilities a chance to catch a breath. This reliance on Independent Power Producers (IPPs) is set to increase as GCC governments face increasing deficits and lower budgets because of lower oil revenues. While private sector involvement eases financial burden on the states, governments need to ensure that IPPs fit in the larger picture of reformed markets, and not just a short-term solution to rising demand. For current and past publications, please visit: http://www.apicorp-arabia.com/research