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July 29, 2019updated 30 Jul 2019 12:10pm

Power industry contracts in Asia-Pacific for June 2019 down 19%

Asia-Pacific power industry contracts activity in June 2019 saw 72 contracts announced, marking a drop of 19% over the last 12-month average of 89, according to GlobalData’s power database.

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Asia-Pacific power industry contracts in June 2019: India leads activity

Looking at contracts by country, India led the activity in June 2019 with 31 contracts and a share of 43.1%, down 2.6% over the previous month and flat growth when compared with the last 12 month-average, followed by China with eight contracts and a share of 11.1% and Taiwan with eight contracts and a share of 11.1% during the month.

Looking at the last 12-month average, India held the top spot with 31 contracts, followed by Australia with 12 and China with eight contracts.

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Solar is top technology area for contracts in June 2019

Looking at contracts divided by the type of technology, Solar accounted for the largest proportion with 39 contracts and a 53.4% share, followed by Wind with 19 contracts and a 26% share and Thermal with seven contracts and a 9.6% share.

Looking at power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Power Plant was the most popular segment in June 2019, with 37 contracts, followed by Generation Equipment (19) and Electricity Procurement (13).

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

  1. Project Implementation: 34 contracts and a 47.2% share
  2. Supply & Erection: 20 contracts and a 27.8% share
  3. Electricity Supply: seven contracts and a 9.7% share.

Power contracts in June 2019: Top companies by capacity

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

  1. China National Nuclear (China) with 2,400MW from one contract
  2. Solar Energy Corporation of India (India) with 1,880MW from nine contracts
  3. SJVN Thermal Private (India) with 1,320MW capacity from one contract.

Power contracts in June 2019: 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) with 2,610MW from six contracts
  2. State Atomic Energy Corporation Rosatom (Russia) with 2,400MW from one contract
  3. Larsen & Toubro (India) with 1,400MW capacity from two contracts.

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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