Asia-Pacific power plant contracts activity up 6% in November 2019

26 December 2019 (Last Updated December 26th, 2019 04:11)

Asia-Pacific power plant contracts activity up 6% in November 2019

There were 37 power plant contracts announced in the Asia-Pacific region in November 2019, marking a rise of 6% over the last 12-month average of 35, 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 November 2019 with 38 contracts and a 38% share, followed by Power Plant with 37 contracts and a 37% share and Electricity Procurement with eight contracts and an 8% share during the month.

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

  1. Project Implementation: 29 contracts and a 78.4% share
  2. Consulting & Similar Services: four contracts and a 10.8% share
  3. Power Purchase Agreement: three contracts and an 8.1% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 2.7% share.

Wind is top technology for Asia-Pacific power plant contracts in November 2019

Looking at power plant contracts by the type of technology in the Asia-Pacific region, wind accounted for 16 contracts with a 43.2% share, followed by solar with ten contracts and a 27% share and biopower with five contracts and a 13.5% share.

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Asia-Pacific power plant contracts in November 2019: 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. Government of Vietnam (Vietnam): 2,200MW from one contract
  2. China Huaneng Group (China): 715MW from one contract
  3. Alternative Energy Development Board, Pakistan (Pakistan): 560MW capacity from 11 contracts.

Asia-Pacific power plant contracts in November 2019: Top winners by capacity

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

  1. The AES (United States): 2,200MW from one contract
  2. Zhejiang Electric Power Construction (China), ZheJiang Electric Power Design Institute (China) and Zhejiang Thermal Power Construction (China): 1,320MW from one contract
  3. GE Renewable Energy (France): 715MW 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.