Asia-Pacific electricity procurement contracts activity down 39% in Q2 2020

24 August 2020 (Last Updated August 24th, 2020 15:32)

Asia-Pacific electricity procurement contracts activity down 39% in Q2 2020
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There were 31 electricity procurement contracts announced in the Asia-Pacific region in Q2 2020, marking a drop of 39% over the last 12-month average of 51, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the Asia-Pacific region in Q2 2020 with 98 contracts and a 37.8% share, followed by Generation Equipment with 94 contracts and a 36.3% share and Electricity Procurement with 31 contracts and a 12% share during the quarter.

The proportion of contracts by category tracked by GlobalData in the quarter was as follows:

  1. Power Purchase Agreement: 29 contracts and a 93.5% share
  2. Project Implementation: one contract and a 3.2% share
  3. Electricity Supply: one contract and a 3.2% share.

Solar is top technology for Asia-Pacific electricity procurement contracts in Q2 2020

Looking at electricity procurement contracts by the type of technology in the Asia-Pacific region, solar accounted for 20 contracts with a 64.5% share, followed by thermal with five contracts and a 16.1% share and wind with five contracts and a 16.1% share.

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Asia-Pacific electricity procurement contracts in Q2 2020: Top issuers by capacity

The top issuers of electricity procurement contracts for the quarter in terms of power capacity involved in Asia-Pacific were:

  1. MP Power Management (India): 1,320MW from one contract
  2. National Electric Grid of Uzbekistan (Uzbekistan): 500MW from one contract
  3. Tenaga Nasional (Malaysia): 490.88MW capacity from five contracts.

Asia-Pacific electricity procurement contracts in Q2 2020: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved in Asia-Pacific were:

  1. Pench Thermal Energy (MP) (India): 1,320MW from one contract
  2. Abu Dhabi Future Energy (United Arab Emirates): 500MW from one contract
  3. Neoen Australia Pty (Australia): 352MW capacity from one contract.

All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s Power database.