Asia-Pacific power plant contracts activity down 22% in April 2020

21 May 2020 (Last Updated May 21st, 2020 14:24)

Asia-Pacific power plant contracts activity down 22% in April 2020

There were 25 power plant contracts announced in the Asia-Pacific region in April 2020, marking a drop of 22% over the last 12-month average of 32, 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 April 2020 with 31 contracts and a 43.1% share, followed by Power Plant with 25 contracts and a 34.7% share and Electricity Procurement with six contracts and an 8.3% share during the month.

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

  1. Project Implementation: 19 contracts and a 76% share
  2. Repair, Maintenance, Upgrade & Others: three contracts and a 12% share
  3. Consulting & Similar Services: two contracts and an 8% share
  4. Power Purchase Agreement: one contract and a 4% share.

Solar is top technology for Asia-Pacific power plant contracts in April 2020

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 18 contracts with a 72% share, followed by wind with three contracts and a 12% share and thermal with one contract and a 4% share.

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Asia-Pacific power plant contracts in April 2020: Top companies by capacity

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

  1. NHPC (India): 2,000MW from five contracts
  2. NTPC (India): 600MW from two contracts
  3. Luneng Group (China): 200MW capacity from one contract.

Asia-Pacific power plant contracts in April 2020: Top winners by capacity

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

  1. SB Energy (Japan): 600MW from one contract
  2. Axis Energy Ventures India Pvt (India): 400MW from one contract
  3. O2 Power Private (India): 380MW 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.