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:
- Project Implementation: 19 contracts and a 76% share
- Repair, Maintenance, Upgrade & Others: three contracts and a 12% share
- Consulting & Similar Services: two contracts and an 8% share
- 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:
- NHPC (India): 2,000MW from five contracts
- NTPC (India): 600MW from two contracts
- 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:
- SB Energy (Japan): 600MW from one contract
- Axis Energy Ventures India Pvt (India): 400MW from one contract
- 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.