Power industry contracts in Asia-Pacific for July 2019 down 25%

8 August 2019 (Last Updated August 8th, 2019 14:31)

Power industry contracts in Asia-Pacific for July 2019 down 25%

Asia-Pacific power industry contracts activity in July 2019 saw 66 contracts announced, marking a drop of 25% over the last 12-month average of 88, according to GlobalData's power database.

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Asia-Pacific power industry contracts in July 2019: India leads activity

Looking at contracts by country, India led the activity in July 2019 with 21 contracts and a share of 31.8%, down 10.7% over the previous month and down 34% when compared with the last 12 month-average, followed by Australia with nine contracts and a share of 13.6% and Vietnam with six contracts and a share of 9.1% during the month.

Looking at the last 12-month average, India held the top spot with 32 contracts, followed by Australia with 11 and China with eight contracts.

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Solar is top technology area for contracts in July 2019

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 28 contracts and a 49.1% share, followed by thermal with 13 contracts and a 22.8% share and wind with eight contracts and a 14% share.

Looking at power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Generation Equipment was the most popular segment in July 2019, with 28 contracts, followed by Electricity Procurement (17) and Power Plant (15).

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

  1. Supply & Erection: 29 contracts and a 43.9% share
  2. Project Implementation: 18 contracts and a 27.3% share
  3. Power Purchase Agreement: 15 contracts and a 22.7% share
  4. Electricity Supply: two contracts and a 3% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and a 3% share.

Power contracts in July 2019: Top companies by capacity

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

  1. JERA (Japan) and JXTG Nippon Oil & Energy (Japan): 2,340MW from one contract
  2. Rajasthan Urja Vikas Nigam: 750MW from one contract
  3. Press Metal Aluminium Holdings: 500MW capacity from one contract.

Power contracts in July 2019: Top winners by capacity

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

  1. Toshiba Energy Systems & Solutions (Japan) and Toshiba Plant Systems & Services (Japan): 2,340MW from one contract
  2. Solar Energy Corporation of India (India): 750MW from one contract
  3. Eden Renewable Cite Pvt (India): 716MW capacity from four contracts.

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.