Power plant tenders down 12% in Q2 2020

16 August 2020 (Last Updated August 14th, 2020 08:39)

Power plant tenders down 12% in Q2 2020

Power plant tenders in Q2 2020 saw 303 tenders announced, marking a drop of 12% over the last four-quarter average of 344, according to GlobalData’s power industry tenders database.

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

  1. Project Implementation: 242 tenders and a 79.9% share
  2. Repair, Maintenance, Upgrade & Others: 31 tenders and a 10.2% share
  3. Consulting & Similar Services: 29 tenders and a 9.6% share
  4. Supply & Erection: one tender and a 0.3% share.

Asia-Pacific leads power plant activity in Q2 2020

Comparing tenders activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 177 tenders and a share of 58.4% during Q2 2020, followed by Europe with 51 tenders and a 16.8% share and North America with 39 tenders and a 12.9% share.

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Solar is leading technology for power plant tenders in Q2 2020

Among the technologies, solar accounted for 227 tenders with a 74.7% share, followed by hydro with 34 tenders and an 11.2% share and thermal with 19 tenders and a 6.3% share.

Power plant tenders in Q2 2020: Top issuers by capacity

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

  1. Ministry of New and Renewable Energy, India (India): 10,000MW from one tender
  2. Ministry of Energy, Algeria: 4,000MW from one tender
  3. NHPC (India): 2,930MW 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.