Power plant tenders down 30% in Q3 2019

30 October 2019 (Last Updated October 31st, 2019 06:32)

Power plant tenders down 30% in Q3 2019

Power plant tenders in Q3 2019 saw 314 tenders announced, marking a drop of 30% over the last four-quarter average of 446, according to GlobalData’s power industry tenders database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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

  1. Project Implementation: 277 tenders and an 88.2% share
  2. Consulting & Similar Services: 23 tenders and a 7.3% share
  3. Repair, Maintenance, Upgrade & Others: 14 tenders and a 4.5% share.

Asia-Pacific leads power plant activity in Q3 2019

Comparing tenders activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 245 tenders and a share of 78% during Q3 2019, followed by Middle East and Africa with 29 tenders and a 9.2% share and Europe with 23 tenders and a 7.3% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Solar is leading technology for power plant tenders in Q3 2019

Among the technologies, solar accounted for 268 tenders with an 83.2% share, followed by wind with 22 tenders and a 6.8% share and thermal with 15 tenders and a 4.7% share.

Power plant tenders in Q3 2019: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 4,272.52MW from six tenders
  2. Urzad Regulacji Energetyki (Poland): 2,500MW from one tender
  3. NTPC (India): 2,490.26MW capacity from seven 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.