Chad Power EPC Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Chad Power EPC Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Chad power EPC market is expected to grow at a CAGR of over 1% in the forecast period of 2020-2025. Factor such as increasing investment in the sector is likely to drive the Chad power EPC market in the forecast period. However, low transmission infrastructure, accounting for electricity access to only 11.76% of the population (in 2018) in the country, is expected to impede growth in the sector.

Key Highlights

• The increasing installation of different power projects, with a heavy focus on renewable energy projects in the country, is likely to drive the Chad power EPC market in the forecast period.
• The country is investing in small scale solar projects. An increase in renewable projects with decreasing dependence upon fossil fuel can become an opportunity for the players in the power EPC market.
• The renewable energy segment is the fastest-growing segment and is expected to grow considerably in the forecast period. Increasing investment into the sector and increasing is expected to aid the growth in the market.

Key Market TrendsIncreasing Investments to Drive the Market

• An increase in investment is expected to provide growth in the market. Although the country heavily relies on the thermal energy sector for energy, many new renewable power projects are underway.
• In 2018, Tianjin Electric Power Construction Co., Ltd., a China Energy Engineering Group subsidiary, was awarded an EPC contract of a 300 MW photovoltaic power plant project in Chad. The project owner, Blue Bay Chad, signed the contract with TEPC for the first phase of planned capacity of 30 MW. As the project’s general EPC contractor, the company had previously completed the initial preparations concerning the project, including design, model selection and comparison of crucial equipment, comparison of energy storage and non-energy storage, and economic analysis of financing feasibility of the project.
• The utility grid access to the country’s population increased by 7.89%, to 11.76 % of the population, in 2018 from 10.9% of the population in 2017. The increase in access to electricity to the population is expected to aid the growth of the market.
• Hence, increasing investments in the industry are expected to drive the Chad power EPC market in the forecast period.

Renewable energy to Grow at the Fastest Rate

• The renewable energy sector in the country is quite small in 2019, with only 1.273 MW being the installed capacity in the country. However, the government has shown keen interest in rapidly increasing the scope of renewable energy in the country.
• In 2019, the only renewable energy plant was the Amdjarass wind farm that uses the four units of Vergnet’s GEV MP 275-kW turbines. The total generation capacity of the farm is around 1,100 kW. It is the only operational onshore wind farm in the country.
• In July 2020, Bharat Heavy Electricals Limited (BHEL) has been selected as the engineering, procurement, and construction (EPC) and operation and maintenance (O&M) contractor for the project. BHEL is expected to build the Djermaya 32 MW project, as well as the battery energy storage system (BESS), the transmission line, and an extension of the related substation on a turnkey basis. The owner of the project is the Private Infrastructure Development Group. New projects are expected to boost the growth of the market in the forecast period.
• The renewable energy remained stagnant in the 2018-2019 period at 1.273 MW. However, new projects are under construction, which is expected to aid the growth of the market.
• Therefore, it is expected that renewable energy is likely to grow the fastest in the Chad power EPC market for the forecast period.

Competitive Landscape

The Chad power EPC market is consolidated. Some of the key players in this market include China Energy Engineering Corporation Limited, Bharat Heavy Electricals Limited, and Vergnet SA

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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