Power plant tenders up 24% in October 2020

16 November 2020 (Last Updated November 16th, 2020 04:13)

Power plant tenders up 24% in October 2020

Power plant tenders in October 2020 saw 148 tenders announced, marking a rise of 24% over the last 12-month average of 119, 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: 114 tenders and a 77% share
  2. Consulting & Similar Services: 20 tenders and a 13.5% share
  3. Repair, Maintenance, Upgrade & Others: 14 tenders and a 9.5% share.

Asia-Pacific leads power plant activity in October 2020

Comparing tenders activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 90 tenders and a share of 60.8% during October 2020, followed by Europe with 30 tenders and a 20.3% share and Middle East and Africa with 13 tenders and an 8.8% share.

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Solar is leading technology for power plant tenders in October 2020

Among the technologies, solar accounted for 126 tenders with an 82.4% share, followed by thermal with seven tenders and a 4.6% share and wind with seven tenders and a 4.6% share.

Power plant tenders in October 2020: Top issuers by capacity

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

  1. Uttarakhand Renewable Energy Development Agency (India): 250MW from one tender
  2. NHPC (India): 165MW from two tenders
  3. Satluj Jal Vidyut Nigam (India) and Oil India (India): 100MW 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.