In order to inform an investment decision, the Client wanted to understand the long term revenue prospects for an exisitng IWPP project, the security of the project’s gas supplies, and the outlook for gas prices. The Client therefore required mid- and long-term insight into Bahrain’s energy market fundamentals, covering the power, water and gas markets. Given our strong track record in the region, IPA was commissioned to undertake its bespoke analysis and examine the outlook for the power market and the security of supply for future domestic gas end-users for the next 30 years.
IPA provided a long-term forecast of supply and demand in the domestic gas, power and water markets. This analysis was used to provide revenue forecasts for the client's projects in their post-Power and Water Purchase Agreement (PWPA) periods, based on a set of technical and economic assumptions. Our work consisted of:
A full market report was delivered to inform discussions with potential investors and other key stakeholders.