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July 14, 2022

Power industry contracts in Asia-Pacific for June 2022 down 47%

By Carmen

Asia-Pacific power industry contracts activity in June 2022 saw 63 contracts announced, marking a drop of 47% over the last 12-month average of 119, according to GlobalData’s power database.

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Asia-Pacific power industry contracts in June 2022: China leads activity

Looking at contracts by country, China led the activity in June 2022 with 44 contracts and a share of 69.8%, down 0.7% over the previous month and down 8% when compared with the last 12 month-average, followed by India with 11 contracts and a share of 17.5% and Japan with one contract and a share of 1.6% during the month.

Looking at the last 12-month average, China held the top spot with 48 contracts, followed by India with 22 and Australia with eight contracts.

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Solar is top technology area for contracts in June 2022

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 33 contracts and a 60% share, followed by wind with nine contracts and a 16.4% share and thermal with five contracts and a 9.1% 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 2022, with 39 contracts, followed by T&D Project (19) and Electricity Procurement (14).

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

  1. Project Implementation: 29 contracts and a 46% share
  2. Consulting & Similar Services: 16 contracts and a 25.4% share
  3. Power Purchase Agreement: 14 contracts and a 22.2% share
  4. Supply & Erection: three contracts and a 4.8% share
  5. Repair, Maintenance, Upgrade & Others: one contract and a 1.6% share.

Power contracts in June 2022: Top companies by capacity

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

  1. Sichuan Investment Group: 1,400MW from one contract
  2. NHPC (India): 700MW from two contracts
  3. Ceylon Electricity Board (Sri Lanka): 500MW capacity from one contract.

Power contracts in June 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): 1,636MW from five contracts
  2. Shandong Yijian Construction (China): 630MW from four contracts
  3. Adani Infrastructure (India): 600MW capacity from one contract.

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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