Asia-Pacific power plant contracts activity down 11% in August 2020

28 September 2020 (Last Updated September 28th, 2020 10:23)

Asia-Pacific power plant contracts activity down 11% in August 2020

There were 31 power plant contracts announced in the Asia-Pacific region in August 2020, marking a drop of 11% over the last 12-month average of 35, 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 August 2020 with 31 contracts and a 30.1% share, followed by Generation Equipment with 29 contracts and a 28.2% share and Electricity Procurement with 21 contracts and a 20.4% share during the month.

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

  1. Project Implementation: 22 contracts and a 71% share
  2. Consulting & Similar Services: eight contracts and a 25.8% share
  3. Repair, Maintenance, Upgrade & Others: one contract and a 3.2% share.

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

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 13 contracts with a 41.9% share, followed by wind with nine contracts and a 29% share and hydro with four contracts and a 12.9% share.

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Asia-Pacific power plant contracts in August 2020: Top issuers by capacity

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

  1. Da Afghanistan Breshna Sherkat (Afghanistan): 3,000MW from one contract
  2. NTPC (India): 1,170MW from four contracts
  3. Gujarat Urja Vikas Nigam (India): 700MW capacity from five contracts.

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

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

  1. Northwest Electric Power Design Institute (China): 4,000MW from two contracts
  2. PAL four Solar Energy L (United Arab Emirates): 3,000MW from one contract
  3. Tata Power Renewable Energy (India): 470MW capacity from two 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.