Power industry tenders in Asia-Pacific for March 2020 down 35%

17 April 2020 (Last Updated April 17th, 2020 15:11)

Power industry tenders in Asia-Pacific for March 2020 down 35%
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Asia-Pacific power industry tenders activity in March 2020 saw 398 tenders announced, marking a drop of 35% over the last 12-month average of 609, according to GlobalData’s power database.

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Asia-Pacific power industry tenders in March 2020: India leads activity

Looking at tenders by country, India led the activity in March 2020 with 225 tenders and a share of 56.5%, up 4.6% over the previous month and down 32% when compared with the last 12 month-average, followed by the Philippines with 78 tenders and a share of 19.6% and Bangladesh with 45 tenders and a share of 11.3% during the month.

Looking at the last 12-month average, India held the top spot with 332 tenders, followed by the Philippines with 91 and Bangladesh with 90 tenders.

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Solar is top technology area for tenders in March 2020

Looking at tenders divided by the type of technology, solar accounted for the largest proportion with 60 tenders and a 48.4% share, followed by thermal with 55 tenders and a 44.4% share and hydro with five tenders and a 4% share.

Looking at power industry tenders divided by segment in Asia-Pacific as tracked by GlobalData, T&D Project was the most popular segment in March 2020, with 169 tenders, followed by T&D Equipment (122) and Generation Equipment (54).

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

  1. Project Implementation: 181 tenders and a 45.5% share
  2. Supply & Erection: 144 tenders and a 36.2% share
  3. Repair, Maintenance, Upgrade & Others: 66 tenders and a 16.6% share
  4. Consulting & Similar Services: three tenders and a 0.8% share
  5. Electricity Supply: two tenders and a 0.5% share
  6. Power Purchase Agreement: two tenders and a 0.5% share.

Power tenders in March 2020: 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): 9,066MW from five tenders
  2. Gujarat Urja Vikas Nigam (India): 2,200MW from two tenders
  3. Ministry of Energy, Uzbekistan: 1,500MW 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.