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April 8, 2022

Asia-Pacific power plant contracts activity up 22% in March 2022

By Carmen

There were 60 power plant contracts announced in the Asia-Pacific region in March 2022, marking a rise of 22% over the last 12-month average of 49, 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 March 2022 with 60 contracts and a 37.7% share, followed by T&D Project with 34 contracts and a 21.4% share and Generation Equipment with 27 contracts and a 17% share during the month.

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

  1. Project Implementation: 43 contracts and a 71.7% share
  2. Consulting & Similar Services: nine contracts and a 15% share
  3. Power Purchase Agreement: five contracts and an 8.3% share
  4. Repair, Maintenance, Upgrade & Others: three contracts and a 5% share.

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

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 43 contracts with a 66.2% share, followed by thermal with 11 contracts and a 16.9% share and wind with eight contracts and a 12.3% share.

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Asia-Pacific power plant contracts in March 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 Huadian (China): 3,000MW from one contract
  2. Hubei Qichun Garden Pumped Storage Power Station: 1,200MW from one contract
  3. ArcelorMittal (Luxembourg): 975MW capacity from one contract.

Asia-Pacific power plant contracts in March 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 Power Engineering Consulting Group (China): 11,027MW from 14 contracts
  2. Greenko Energies (India): 975MW from one contract
  3. PowerChina Nuclear Engineering (China): 500MW capacity from three 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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