Asia-Pacific power plant contracts activity down 35% in November 2020

18 December 2020 (Last Updated December 18th, 2020 03:05)

Asia-Pacific power plant contracts activity down 35% in November 2020

There were 24 power plant contracts announced in the Asia-Pacific region in November 2020, marking a drop of 35% over the last 12-month average of 37, 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 2020 with 25 contracts and a 34.2% share, followed by Power Plant with 24 contracts and a 32.9% share and T&D Project with eight contracts and an 11% share during the month.

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

  1. Project Implementation: 15 contracts and a 62.5% share
  2. Power Purchase Agreement: six contracts and a 25% share
  3. Consulting & Similar Services: two contracts and an 8.3% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 4.2% share.

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

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 13 contracts with a 50% share, followed by wind with six contracts and a 23.1% share and biopower with three contracts and an 11.5% share.

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Asia-Pacific power plant contracts in November 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. Korea Western Power (South Korea): 728MW from one contract
  2. Trading Construction Works Organization: 350MW from one contract
  3. Global Power Generation (Spain): 109.2MW capacity from one contract.

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

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

  1. Doosan Heavy Industries & Construction (South Korea): 728MW from one contract
  2. SEPCO Electric Power Construction (China): 450MW from one contract
  3. China Gezhouba Group (China): 350MW 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.