Asia-Pacific power plant tenders activity down 19% in Q3 2019

There were 245 power plant tenders announced in the Asia-Pacific region in Q3 2019, marking a drop of 19% over the last 12-month average of 303, according to GlobalData’s power industry tenders database.

T&D Project stood at first place when compared with other power tender categories in the Asia-Pacific region in Q3 2019 with 895 tenders and a 50.9% share, followed by T&D Equipment with 324 tenders and an 18.4% share and Generation Equipment with 255 tenders and a 14.5% share during the quarter.

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

1. Project Implementation: 222 tenders and a 90.6% share
2. Repair, Maintenance, Upgrade & Others: 12 tenders and a 4.9% share
3. Consulting & Similar Services: 11 tenders and a 4.5% share.

Solar is top technology for Asia-Pacific power plant tenders in Q3 2019

Looking at power plant tenders by the type of technology in the Asia-Pacific region, solar accounted for 220 tenders with an 89.8% share, followed by wind with nine tenders and a 3.7% share and hydro with eight tenders and a 3.3% share.

Asia-Pacific power plant tenders in Q3 2019: Top companies by capacity

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

1. Solar Energy Corporation of India (India): 4,272.52MW from six tenders
2. NTPC (India): 2,490.26MW from seven tenders
3. Philippines Department of Energy (Philippines) and NHPC (India): 2,000MW capacity from one tender.

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.