Power plant tenders down 28% in Q4 2019

11 January 2020 (Last Updated January 9th, 2020 07:42)

Power plant tenders down 28% in Q4 2019

Power plant tenders in Q4 2019 saw 291 tenders announced, marking a drop of 28% over the last four-quarter average of 404, 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: 213 tenders and a 73.2% share
  2. Repair, Maintenance, Upgrade & Others: 40 tenders and a 13.7% share
  3. Consulting & Similar Services: 36 tenders and a 12.4% share
  4. Power Purchase Agreement: two tenders and a 0.7% share.

Asia-Pacific leads power plant activity in Q4 2019

Comparing tenders activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 209 tenders and a share of 71.8% during Q4 2019, followed by Europe with 36 tenders and a 12.4% share and Middle East and Africa with 29 tenders and a 10% 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 Q4 2019

Among the technologies, solar accounted for 216 tenders with a 73.7% share, followed by thermal with 33 tenders and an 11.3% share and hydro with 20 tenders and a 6.8% share.

Power plant tenders in Q4 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): 3,000MW from four tenders
  2. Northern Indiana Public Service (United States): 2,600MW from two tenders
  3. NTPC (India): 2,514.16MW capacity from nine 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.