Asia-Pacific power plant tenders activity down 34% in March 2020

There were 54 power plant tenders announced in the Asia-Pacific region in March 2020, marking a drop of 34% over the last 12-month average of 82, 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 March 2020 with 169 tenders and a 41.8% share, followed by T&D Equipment with 122 tenders and a 30.2% share and Generation Equipment with 54 tenders and a 13.4% share during the month.

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

1. Project Implementation: 48 tenders and an 88.9% share
2. Repair, Maintenance, Upgrade & Others: three tenders and a 5.6% share
3. Supply & Erection: one tender and a 1.9% share
4. Consulting & Similar Services: one tender and a 1.9% share
5. Power Purchase Agreement: one tender and a 1.9% share.

Solar is top technology for Asia-Pacific power plant tenders in March 2020

Looking at power plant tenders by the type of technology in the Asia-Pacific region, solar accounted for 48 tenders with an 88.9% share, followed by thermal with two tenders and a 3.7% share and wind with two tenders and a 3.7% share.

Asia-Pacific power plant tenders in March 2020: Top companies by capacity

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

1. Solar Energy Corporation of India (India): 7,066MW from four tenders
2. Ministry of Energy, Uzbekistan: 1,500MW from one tender
3. NTPC (India): 735.1MW capacity from two tenders.

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.