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October 17, 2020updated 16 Oct 2020 9:22am

Power industry tenders in Asia-Pacific for Q3 2020 down 28%

Asia-Pacific power industry tenders activity in Q3 2020 saw 1,181 tenders announced, marking a drop of 28% over the last four-quarter average of 1,639, according to GlobalData’s power database.

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Asia-Pacific power industry tenders in Q3 2020: India leads activity

Looking at tenders by country, India led the activity in Q3 2020 with 722 tenders and a share of 61.1%, down 6.5% over the previous quarter and down 24% when compared with the last four-quarter average, followed by Pakistan with 117 tenders and a share of 9.9% and Bangladesh with 67 tenders and a share of 5.7% during the quarter.

Looking at the last four-quarter average, India held the top spot with 952 tenders, followed by Bangladesh with 234 and the Philippines with 226 tenders.

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Solar is top technology area for tenders in Q3 2020

Looking at tenders divided by the type of technology, solar accounted for the largest proportion with 263 tenders and a 63.2% share, followed by thermal with 104 tenders and a 25% share and hydro with 34 tenders and an 8.2% share.

Looking at power industry tenders divided by segment as tracked by GlobalData, T&D Equipment was the most popular segment in Asia-Pacific power tenders activity during Q3 2020, with 421 tenders, followed by T&D Project (383) and Power Plant (261).

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

  1. Project Implementation: 479 tenders and a 40.6% share
  2. Supply & Erection: 420 tenders and a 35.6% share
  3. Repair, Maintenance, Upgrade & Others: 221 tenders and an 18.7% share
  4. Consulting & Similar Services: 52 tenders and a 4.4% share
  5. Electricity Supply: five tenders and a 0.4% share
  6. Power Purchase Agreement: four tenders and a 0.3% share.

Power tenders in Q3 2020: Top issuers by capacity

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

  1. NSW Coalition State Government: 8,000MW from one tender
  2. Solar Energy Corporation of India (India): 1,190MW from four tenders
  3. NTPC (India): 1,121.23MW capacity from four tenders.

All publicly-announced tenders 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 tenders are available for subscribers to GlobalData’s Power database.

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