Asia-Pacific power plant contracts activity down 49% in Q3 2019

31 October 2019 (Last Updated October 31st, 2019 05:44)

Asia-Pacific power plant contracts activity down 49% in Q3 2019

There were 62 power plant contracts announced in the Asia-Pacific region in Q3 2019, marking a drop of 49% over the last 12-month average of 122, 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 Q3 2019 with 62 contracts and a 32.8% share, followed by Generation Equipment with 57 contracts and a 30.2% share and Electricity Procurement with 42 contracts and a 22.2% share during the quarter.

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

  1. Project Implementation: 47 contracts and a 75.8% share
  2. Consulting & Similar Services: seven contracts and an 11.3% share
  3. Power Purchase Agreement: four contracts and a 6.5% share
  4. Repair, Maintenance, Upgrade & Others: four contracts and a 6.5% share.

Solar is top technology for Asia-Pacific power plant contracts in Q3 2019

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 38 contracts with a 61.3% share, followed by thermal with ten contracts and a 16.1% share and wind with seven contracts and an 11.3% share.

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Asia-Pacific power plant contracts in Q3 2019: Top companies by capacity

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

  1. JXTG Nippon Oil & Energy (Japan) and JERA (Japan): 2,340MW from one contract
  2. Van Phong Power: 1,320MW from one contract
  3. Solar Energy Corporation of India (India): 919.8MW capacity from four contracts.

Asia-Pacific power plant contracts in Q3 2019: Top winners by capacity

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

  1. Toshiba Energy Systems & Solutions (Japan): 3,660MW from two contracts
  2. Northwest Electric Power Design Institute (China), CTCI (Taiwan), Doosan Heavy Industries & Construction (South Korea) and IHI (Japan): 1,320MW capacity from one contract.
  3. NTPC (India): 520MW 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.