Asia-Pacific power plant contracts activity down 36% in October 2019

26 November 2019 (Last Updated November 26th, 2019 06:32)

Asia-Pacific power plant contracts activity down 36% in October 2019

There were 25 power plant contracts announced in the Asia-Pacific region in October 2019, marking a drop of 36% over the last 12-month average of 39, 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 October 2019 with 25 contracts and a 39.7% share, followed by Generation Equipment with 15 contracts and a 23.8% share and Electricity Procurement with 13 contracts and a 20.6% 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 60% share
  2. Power Purchase Agreement: six contracts and a 24% share
  3. Consulting & Similar Services: three contracts and a 12% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 4% share.

Solar is top technology for Asia-Pacific power plant contracts in October 2019

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 15 contracts with a 60% share, followed by thermal with six contracts and a 24% share and wind with two contracts and an 8% share.

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Asia-Pacific power plant contracts in October 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. Solar Energy Corporation of India (India): 960MW from four contracts
  2. Ministry of Energy, Water Resources and Irrigation (Nepal): 918MW from two contracts
  3. K-Electric (Pakistan): 900MW capacity from one contract.

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

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

  1. Power Construction Corporation of China (China): 918MW from two contracts
  2. Siemens (Germany) and Harbin Electric (China): 900MW from one contract
  3. Hydroelectricity Investment and Development (Nepal): 762MW 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.