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Gas Turbine Services Drive the Middle East and North African Power Plant Services Market

Posted on: Monday, 20 February 2006, 06:00 CST

LONDON, February 20 /PRNewswire/ -- Vast capacity additions, spawning of gas turbine-based power plants and the gradual opening up of the power sector are expected to provide the required impetus to the Middle East and North African power plant services market. The growing installations of combined cycle power plants will also generate opportunities from boiler services for this US$2.29 billion market in various countries. Driven by these trends, revenues are expected to reach US$3.45 billion in 2011.

The countries in the Middle East and North Africa region are increasingly planning to diversify from oil and gas, thereby diverting the funds available for public works and infrastructure. The resultant dearth in funds for power plant maintenance activities need to be compensated for by a private investor that will also serve as a partner to the national utility in achieving objectives.

"Although some countries may currently have a budget surplus, this situation is highly volatile and they are continuously seeking investment from other sources to build infrastructure and facilities for the growing population," says Frost & Sullivan (http://energy.frost.com/) Research Analyst Karthikeyan Vadamalairaaj. "Taking a cue from countries that have been front-runners in attracting heavy investment, the Middle East and North Africa regions have also taken steps to obtain funds for infrastructure development."

Apart from acquiring adequate funds, privatisation is crucial for the expansion of the power sector and consequently, the growth of the power plant services market. However, the governments of different countries have disparate perspectives on privatisation, mainly because of their conservative understanding of this concept.

"The region, as a whole, is conservative towards opening up of the markets to private investors," notes Mr. Vadamalairaaj. "Although the governments have realised the need of private investors to build the nation's infrastructure, progress is slow and bills of privatisation have been met with opposition."

Market participants will have to create strategic alliances with the consortium that is bidding for the total power plant in order to tap the potential of the market. An original equipment manufacturer (OEM) has the competitive advantage of securing the equipment services contract, apart from supplying new equipment until the expiry of power purchase agreement between the national utility and the special purpose vehicle company.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the Middle East and North African Power Plant Services Market, then send an e-mail to Magdalena Oberland - Corporate Communications at magdalena.oberland@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, country and source of information. We will send you the information via email upon receipt of the above information.

Background

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community, by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com/.

Media Contacts: Europe: Magdalena Oberland Corporate Communications P: +44-(0)20-7915-7876 E: magdalena.oberland@frost.com Americas: Trisha Bradley Corporate Communications P: +1-210-247-3870 E: trisha.bradley@frost.com Asia Pacific: Donna Jeremiah Corporate Communications P: +603-6304-5832 E: djeremiah@frost.com India: Surbhi Dedhia Corporate Communications P: +91-22-2832-4705 Ext: 131 E: sdedhia@frost.com Australia: Sharmin Jassal Corporate Communications P: +61-2-8247-8900 E: sjassal@frost.com

List of keywords in this press release: power plant services, Middle East, North Africa, gas turbine,

List of Key Industry Participants: Alstom Power, Ansaldo Energia Spa, Babcock & Wilcox, Babcock Borsig Power Service, BHEL, Foster Wheeler, General Electric, Masaood John Brown, Mitsui Babcock, Siemens, Sulzer Elbar BV- Netherlands, Thomassen Turbine Systems, Wood Group

Frost & Sullivan

CONTACT: Media Contacts: Europe: Magdalena Oberland, CorporateCommunications, P: +44-(0)20-7915-7876, E: magdalena.oberland@frost.com.Americas: Trisha Bradley, Corporate Communications, P: +1-210-247-3870, E:trisha.bradley@frost.com. Asia Pacific: Donna Jeremiah, CorporateCommunications, P: +603-6304-5832, E: djeremiah@frost.com. India: SurbhiDedhia, Corporate Communications, P: +91-22-2832-4705 Ext: 131, E:sdedhia@frost.com. Australia: Sharmin Jassal, Corporate Communications, P:+61-2-8247-8900, E: sjassal@frost.com

Source: PRNewswire

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