Asia-Pacific generation equipment contracts activity down 5% in February 2020

13 March 2020 (Last Updated March 13th, 2020 06:59)

Asia-Pacific generation equipment contracts activity down 5% in February 2020

There were 20 generation equipment contracts announced in the Asia-Pacific region in February 2020, marking a drop of 5% over the last 12-month average of 21, according to GlobalData’s power industry contracts database.

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Generation Equipment stood at first place when compared with other power tender categories in the Asia-Pacific region in February 2020 with 20 contracts and a 37.7% share, followed by Power Plant with 13 contracts and a 24.5% share and Electricity Procurement with eight contracts and a 15.1% share during the month.

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

  1. Supply & Erection: 16 contracts and an 80% share
  2. Repair, Maintenance, Upgrade & Others: two contracts and a 10% share
  3. Consulting & Similar Services: one contract and a 5% share
  4. Project Implementation: one contract and a 5% share.

Wind is top technology for Asia-Pacific generation equipment contracts in February 2020

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, wind accounted for six contracts with a 30% share, followed by thermal with four contracts and a 20% share and solar with three contracts and a 15% share.

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Asia-Pacific generation equipment contracts in February 2020: Top companies by capacity

The top issuer of generation equipment contracts for the month in terms of power capacity involved in Asia-Pacific was:Jamuna Power with 78MW from one contract.

Asia-Pacific generation equipment contracts in February 2020: Top winners by capacity

The top winner of contracts for the month in terms of power capacity involved in Asia-Pacific was:Wartsila (Finland) with 78MW 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.