Power generation tenders down by 23 per cent in second quarter

20 Aug 2020
Power generation tenders down by 23 per cent in second quarter

According to GlobalData, 30 power plant tenders were announced in the Middle East and Africa region in the second quarter, down from the 12-month average of 39

 

The volume of power plant tenders in the Middle East and Africa region in the second quarter of 2020 was down 23 per cent on the previous 12-month average, according to the latest data from GlobalData’s power industry tenders database.

According to GlobalData, 30 power plant tenders were announced in the Middle East and Africa region in the second quarter, down from the 12-month average of 39.

When categorized, 17 tenders were for project implantation, seven tenders were for consulting and similar services and six tenders were for repair, maintenance, upgrade and others.

Solar plant tenders accounted for the largest proportion of new power plant tenders, accounting for 17, 54.8 per cent, of the 30 generation tenders recorded. Thermal power plants and hydro plants accounted for six each, 19.4 per cent.

In July, the power purchase agreement (PPA) for the world’s largest solar plant, the planned 2GW Al-Dhafra solar independent power producer (IPP) project in Abu Dhabi, was signed with the appointed developers.

Energy & Utilities reported in April that a consortium led by France’s EDF and China’s Jinko Power had submitted the lowest tariff for the planned 2GW photovoltaic (PV) IPP following a competitive bidding process. The levelised cost of electricity (LCOE) tariff of $cents1.35/kWh set a new world record for utility-scale PV solar production.

Energy & Utilities Middle East and Africa Market Outlook Report 2022: Out Now!

The coming years promise opening of new avenues within the energy industry. The latest outlook report from Energy & Utilities highlights the power sector outlook with a focus on both, developed regions, as well as emerging markets.

Explore core findings about the business opportunities, regulatory environment in the Middle East’s power market and more about the planned projects and investments in Africa’s emerging utilities markets in this latest release.

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