Asia-Pacific power plant contracts activity up 9% in July 2020

19 August 2020 (Last Updated August 19th, 2020 14:50)

Asia-Pacific power plant contracts activity up 9% in July 2020

There were 36 power plant contracts announced in the Asia-Pacific region in July 2020, marking a rise of 9% over the last 12-month average of 33, 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 July 2020 with 36 contracts and a 40.9% share, followed by Generation Equipment with 26 contracts and a 29.5% share and Electricity Procurement with 12 contracts and a 13.6% share during the month.

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

  1. Project Implementation: 20 contracts and a 55.6% share
  2. Consulting & Similar Services: 11 contracts and a 30.6% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and an 8.3% share
  4. Power Purchase Agreement: two contracts and a 5.6% share.

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

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 16 contracts with a 44.4% share, followed by wind with nine contracts and a 25% share and hydro with five contracts and a 13.9% share.

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Asia-Pacific power plant contracts in July 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. Solar Energy Corporation of India (India): 4,001.95MW from two contracts
  2. Binh Thuan People’s Committee: 3,500MW from one contract
  3. Government of Pakistan (Pakistan): 700.7MW capacity from one contract.

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

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

  1. Azure Power (India): 4,000MW from one contract
  2. Copenhagen Infrastructure Partners KS (Denmark): 3,500MW from one contract
  3. China Gezhouba Group (China): 700.7MW 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.