India shines in Asia-Pacific power industry tenders

In November 2019 Asia-Pacific’s power industry saw 617 tenders being announced, marking a flat growth over the last 12-month average of 620. with 371 tenders and a share of 60.1%, up 7.4% over the previous month and up 15% when compared with the last 12 month-average, India emerged as a leader in Asia-Pacific in this sector. Philippines with 105 tenders and a share of 17% and Bangladesh with 51 tenders and a share of 8.3% during the month followed India.

Further, thermal accounted for the largest share with 97 tenders and a 59.1% share, followed by solar with 55 tenders and a 33.5% share and hydro with eight tenders and a 4.9% share.