Top 10 Power Plant Owners in the Middle East by Capacity

Saudi Electricity Co, Iran Power Development Co, Abu Dhabi National Energy Co, Abu Dhabi Power Corp, and The Israel Electric Corporation Ltd are the top 5 power plant owners in the Middle East by capacity as of March 31, 2022. All the companies are based in the Middle East. Collectively, the top 10 power plant owners in the Middle East had an active capacity of 162,617 MW as of March 31, 2022, where highest being registered by Saudi Electricity Co (64,565 MW), followed by Iran Power Development Co (15,309 MW) and Abu Dhabi National Energy Co (14,205 MW), while the lowest being registered by Qatar Electricity & Water Co QPSC (5,251 MW). Abu Dhabi National Energy Co had the highest revenue growth of 90.5% while Qatar Electricity & Water Co QPSC registered a decline in revenue of 4.3%. In terms of employment, 4 out of 10 of the companies employed a total of 42,255 people in 2021. Saudi Electricity Co is the leading power plant owner in the Middle East (by capacity). The company reported revenues of $18,508 million for the fiscal year ended December 2021 (FY2021), an increase of 1.02% over FY2020. The company is an energy utility that generates, transmits, and distributes electricity; and carries out operations of the fiber optic networks, trading, and realization of renewable energy among others. It is headquartered in Riyadh, Saudi Arabia, and employs 28,414 people in FY2021. Iran Power Development Co (IPD) leading power plant owner in the Middle East (by capacity). IPD is a manufacturer of power equipment, medium voltage aerial spacer cables, overhead cables with aluminum alloy, overhead conductors (ACSR), aerial bundle cables, aluminum wires, earth cables, and various types of low-voltage wires and cables. In addition, it also manufactures self-supporting cables, cross-linked polyethylene insulated (XLPE) aluminum cables, aluminum wires. Iran Power Development Co (IPD) is headquartered in Tehran, Iran.