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  1. Market Data
August 20, 2021

Asia-Pacific electricity procurement contracts activity up 33% in July 2021

There were 28 electricity procurement contracts announced in the Asia-Pacific region in July 2021, marking a rise of 33% over the last 12-month average of 21, 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 2021 with 48 contracts and a 35.8% share, followed by Generation Equipment with 32 contracts and a 23.9% share and Electricity Procurement with 28 contracts and a 20.9% share during the month.

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

  1. Power Purchase Agreement: 25 contracts and an 89.3% share
  2. Project Implementation: two contracts and a 7.1% share
  3. Electricity Supply: one contract and a 3.6% share.

Solar is top technology for Asia-Pacific electricity procurement contracts in July 2021

Looking at electricity procurement contracts by the type of technology in the Asia-Pacific region, solar accounted for 24 contracts with a 77.4% share, followed by wind with four contracts and a 12.9% share and thermal with two contracts and a 6.5% share.

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Asia-Pacific electricity procurement contracts in July 2021: Top companies by capacity

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

  1. BSES Rajdhani Power (India) and BSES Yamuna Power (India): 510MW from one contract
  2. Maharashtra State Electricity Distribution (India): 500MW from two contracts
  3. National Electric Grid of Uzbekistan (Uzbekistan): 440MW capacity from two contracts.

Asia-Pacific electricity procurement contracts in July 2021: Top winners by capacity

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

  1. Solar Energy Corporation of India (India): 510MW from one contract
  2. Abu Dhabi Future Energy (United Arab Emirates): 440MW from two contracts
  3. Lakdhanavi (Sri Lanka): 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.

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