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November 12, 2021

Power industry tenders in Asia-Pacific for October 2021 down 46%

Asia-Pacific power industry tenders activity in October 2021 saw 118 tenders announced, marking a drop of 46% over the last 12-month average of 217, according to GlobalData’s power database.

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Asia-Pacific power industry tenders in October 2021: The Philippines leads activity

Looking at tenders by country, the Philippines led the activity in October 2021 with 30 tenders and a share of 25.4%, up 9.9% over the previous month and up 20% when compared with the last 12 month-average, followed by Sri Lanka with 18 tenders and a share of 15.3% and India with 15 tenders and a share of 12.7% during the month.

Looking at the last 12-month average, India held the top spot with 77 tenders, followed by Pakistan with 37 and the Philippines with 25 tenders.

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Solar is top technology area for tenders in October 2021

Looking at tenders divided by the type of technology, solar accounted for the largest proportion with 28 tenders and a 49.1% share, followed by thermal with 24 tenders and a 42.1% share and wind with three tenders and a 5.3% share.

Looking at power industry tenders divided by segment in Asia-Pacific as tracked by GlobalData, T&D Equipment was the most popular segment in October 2021, with 42 tenders, followed by Generation Equipment (25) and Power Plant (24).

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

  1. Supply & Erection: 67 tenders and a 56.8% share
  2. Project Implementation: 35 tenders and a 29.7% share
  3. Consulting & Similar Services: ten tenders and an 8.5% share
  4. Repair, Maintenance, Upgrade & Others: four tenders and a 3.4% share
  5. Power Purchase Agreement: two tenders and a 1.7% share.

Power tenders in October 2021: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 2,900MW from three tenders
  2. Maharashtra State Electricity Distribution (India): 1,694MW from two tenders
  3. Rewa Ultra Mega Solar (India): 950MW 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.

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