Power Plant Tenders Down 28 percent in Q4 2019, Indian Firms Ahead of Rest

Power plant tenders in the fourth quarter of 2019 saw 291 tenders announced, marking a drop of 28 percent over the last four-quarter average of 404

Power plant tenders in the fourth quarter of 2019 saw 291 tenders announced, marking a drop of 28 percent over the last four-quarter average of 404, according to GlobalData’s power industry tenders database. Despite the drop in tender activity, Indian firms were well ahead of the rest in terms of capacity tendered.

According to the database the proportion of tenders by category tracked in the quarter were as follows:

  • Project Implementation: 213 tenders and a 73.2 percent share
  • Repair, Maintenance, Upgrade & Others: 40 tenders and a 13.7 percent share
  • Consulting & Similar Services: 36 tenders and a 12.4 percent share
  • Power Purchase Agreement: two tenders and a 0.7 percent share.

Furthermore, the analysis added that Asia-Pacific leads the 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 percent during Q4 2019, followed by Europe with 36 tenders and a 12.4 percent share and the Middle East and Africa with 29 tenders and a 10 percent share.

Solar was the leading technology for power plant tenders in the three month period. Among all the technologies, it accounted for 216 tenders with a 73.7 percent share, followed by thermal with 33 tenders and an 11.3 percent share and hydro with 20 tenders and a 6.8 percent share.

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

  1. Solar Energy Corporation of India (India): 3,000 MW from four tenders
  2. Northern Indiana Public Service (United States): 2,600 MW from two tenders
  3. NTPC (India): 2,514.16 MW capacity from nine tenders.

In another analysis, the agency had revealed that in December 2019, only 47 electricity procurement contracts announced, marking a drop of 11 percent over the last 12-month average of 53. Among all sources, solar was the leading technology for electricity procurement contracts in December 2019. Among the technologies, it accounted for 31 contracts with a 64.6 percent share, followed by wind energy with 14 contracts and a 29.2 percent share and thermal with one contract and a 2.1 percent share.

"Want to be featured here or have news to share? Write to info[at]saurenergy.com
Ayush Verma

Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.

      SUBSCRIBE NEWS LETTER
Scroll