Asia-Pacific power plant tenders activity up 18% in Q3 2020

21 October 2020 (Last Updated October 21st, 2020 04:41)

Asia-Pacific power plant tenders activity up 18% in Q3 2020

There were 261 power plant tenders announced in the Asia-Pacific region in Q3 2020, marking a rise of 18% over the last 12-month average of 221, according to GlobalData’s power industry tenders database.

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T&D Equipment stood at first place when compared with other power tender categories in the Asia-Pacific region in Q3 2020 with 421 tenders and a 34.7% share, followed by T&D Project with 383 tenders and a 31.5% share and Power Plant with 261 tenders and a 21.5% share during the quarter.

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

  1. Project Implementation: 223 tenders and an 85.4% share
  2. Consulting & Similar Services: 24 tenders and a 9.2% share
  3. Repair, Maintenance, Upgrade & Others: 14 tenders and a 5.4% share.

Solar is top technology for Asia-Pacific power plant tenders in Q3 2020

Looking at power plant tenders by the type of technology in the Asia-Pacific region, solar accounted for 238 tenders with an 89.5% share, followed by hydro with 18 tenders and a 6.8% share and thermal with five tenders and a 1.9% share.

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Asia-Pacific power plant tenders in Q3 2020: Top issuers by capacity

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

  1. NSW Coalition State Government: 8,000MW from one tender
  2. Solar Energy Corporation of India (India): 1,190MW from four tenders
  3. NTPC (India): 1,121.23MW capacity from four 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.