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Asia-Pacific power plant tenders activity down 46% in March 2021

19 Apr 2021 (Last Updated April 19th, 2021 04:27)

Asia-Pacific power plant tenders activity down 46% in March 2021

There were 37 power plant tenders announced in the Asia-Pacific region in March 2021, marking a drop of 46% over the last 12-month average of 68, according to GlobalData’s power industry tenders database.

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Power Plant stood at first place when compared with other power tender categories in the Asia-Pacific region in March 2021 with 37 tenders and a 34.9% share, followed by T&D Equipment with 30 tenders and a 28.3% share and T&D Project with 19 tenders and a 17.9% share during the month.

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

  1. Project Implementation: 34 tenders and a 91.9% share
  2. Consulting & Similar Services: three tenders and an 8.1% share.

Solar is top technology for Asia-Pacific power plant tenders in March 2021

Looking at power plant tenders by the type of technology in the Asia-Pacific region, solar accounted for 32 tenders with an 86.5% share, followed by thermal with two tenders and a 5.4% share and hydro with two tenders and a 5.4% share.

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Asia-Pacific power plant tenders in March 2021: Top issuers by capacity

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

  1. Telecommunications Consultants India (India): 5,000MW from one tender
  2. Solar Energy Corporation of India: 1,785MW from one tender
  3. Gujarat Urja Vikas Nigam (India): 800MW 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.