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June 22, 2022

Asia-Pacific power plant contracts activity up 20% in May 2022

By Carmen

There were 61 power plant contracts announced in the Asia-Pacific region in May 2022, marking a rise of 20% over the last 12-month average of 51, 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 May 2022 with 61 contracts and a 47.7% share, followed by T&D Project with 28 contracts and a 21.9% share and Generation Equipment with 17 contracts and a 13.3% share during the month.

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

  1. Project Implementation: 48 contracts and a 78.7% share
  2. Power Purchase Agreement: five contracts and an 8.2% share
  3. Consulting & Similar Services: four contracts and a 6.6% share
  4. Repair, Maintenance, Upgrade & Others: four contracts and a 6.6% share.

Solar is top technology for Asia-Pacific power plant contracts in May 2022

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 40 contracts with a 63.5% share, followed by wind with 13 contracts and a 20.6% share and thermal with seven contracts and an 11.1% share.

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Asia-Pacific power plant contracts in May 2022: 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. China Southern Power Grid (China): 1,200MW from one contract
  2. SJVN (India): 1,000MW from one contract
  3. People’s Government of Yongfu County: 900MW capacity from one contract.

Asia-Pacific power plant contracts in May 2022: Top winners by capacity

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

  1. China Energy Engineering (China): 2,523.99MW from 11 contracts
  2. PowerChina Hubei Engineering (China): 2,450MW from two contracts
  3. Tata Power Solar Systems (India): 1,300MW 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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