The global construction market is forecasted by GlobalData to grow by 1.8% in real terms in 2023, having grown by 1.7% in 2022. While the residential construction market in many countries will decline, this will be offset by high growth in the infrastructure sector, with output rising by 8.3% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Driving growth in the market in 2022 and over the remainder of the decade are a potential 135 mega hydroelectric projects, costing over $100m each. Here are the largest coal construction projects initiated globally in Q4 2023, according to GlobalData’s construction projects database.
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1. Jiaxing Coal-Fired Power Plant Expansion Phase IV
The project involves the construction of a coal-fired power plant in Jiaxing, Zhejiang.China.
Construction work started in Q4 2023 and is expected to be completed in Q4 2027.
The project aims to enhance power generation capacity and improve the coal ecological environment in the region. Buy the profile here.
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2. Shangrao Coal-Fired Power Plant
The project involves the construction of a coal-fired power plant with a capacity of 2,000MW in Shangrao, Jiangxi, China.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2025.
The project aims to increase power generation capacity to meet the region’s growing demand.
3. Xiwangzhai Coal Fired Integrated Power Plant 1320 MW
The project involves the construction of a coal-fired integrated power plant in Fugu County of Yulin, Shaanxi, China.
Construction work started in Q4 2023 and is forecast to complete in Q1 2027.
The project aims to enhance power generation capacity, and improve the coal ecological environment in the region.
4. Manglai Coal-Fired Power Plant 1320 MW
The project involves the construction of a coal-fired power plant in Bayan Ulasumu, Sunit Left Banner, Xilingol League, Inner Mongolia, China.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2025.
The project aims to increase electricity generation capacity to meet the region’s growing demand.
5. Fuzhou Thermal Power Plant Phase II 1320MW
The project involves the construction of a coal-fired power plant in Fuzhou, Fujian, China.
Construction work started in Q4 2023 and is expected to be completed in Q3 2025.
The purpose of the project is to increase electricity generation capacity to meet the region’s growing demand. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
