Power plant tenders down 20% in February 2020

17 March 2020 (Last Updated March 17th, 2020 06:04)

Power plant tenders down 20% in February 2020

Power plant tenders in February 2020 saw 96 tenders announced, marking a drop of 20% over the last 12-month average of 120, according to GlobalData’s power industry tenders database.

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

  1. Project Implementation: 84 tenders and an 87.5% share
  2. Repair, Maintenance, Upgrade & Others: eight tenders and an 8.3% share
  3. Consulting & Similar Services: four tenders and a 4.2% share.

Asia-Pacific leads power plant activity in February 2020

Comparing tenders activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 63 tenders and a share of 65.6% during February 2020, followed by North America with 15 tenders and a 15.6% share and Europe with nine tenders and a 9.4% share.

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Solar is leading technology for power plant tenders in February 2020

Among the technologies, solar accounted for 82 tenders with an 83.7% share, followed by thermal with eight tenders and an 8.2% share and wind with three tenders and a 3.1% share.

Power plant tenders in February 2020: Top companies by capacity

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

  1. Ministry of Energy, Uzbekistan: 2,100MW from three tenders
  2. JSC National Electric Grids of Uzbekistan: 1,900MW from two tenders
  3. NTPC (India): 1,800.65MW capacity from three 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.