The construction market in Asia Pacific is forecasted by GlobalData to grow by 3.7% in real terms in 2024, having grown by 3.9% in 2023. A key growth market will be the infrastructure market, with output rising by 11.9% 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.
Here are Asia Pacific’s five largest hydroelectric construction projects that were initiated in Q1 2024, according to GlobalData’s construction projects database.
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1. Daofu Pumped Storage Power Station 2100 MW
The project involves the construction of a pumped-storage power station with a capacity of 2,100MW in Daofu County, Ganzi Prefecture, Sichuan, China.
Construction work started in Q1 2024 and is expected to be completed in Q3 2028.
The project aims to enhance power generation by using renewable sources of energy to meet the region’s growing demand. Buy the profile here.
2. Chaoyang Pumped Storage Power Station 1300 MW
The project involves the construction of a pumped storage power station with a capacity of 1,300MW in Chaoyang City, Liaoning, China.
Construction work commenced in Q1 2024 and is expected to finish in Q1 2028.
The project aims to enhance power generation by using renewable sources of energy to meet the region’s growing demand.
3. Xianyou Mulan Pumped Storage Power Station 1400 MW
The project involves the construction of a pumped storage power station with a capacity of 1,400MW in Xianyou, Fujian, China.
Construction work started in Q1 2024 and is forecast to complete in Q4 2029.
The project aims to enhance power generation by using renewable sources of energy to meet the region’s growing demand.
4. Arun IV Hydroelectric Power Plant 490 MW
The project involves the construction of a hydroelectric power plant with a generation capacity of 490MW in Sankhuwasabha, Central Region, Nepal.
Construction work commenced in Q1 2024 and is expected to be completed in Q4 2026.
The project aims to meet the growing demand for electricity in the country.
5. Jurong Hydrogen Ready CCPP Power Plant 600 MW
The project involves the construction of a 600MW hydrogen-ready combined cycle power plant (CCPP) on Jurong Island, Singapore.
Construction work started in Q1 2024 and is expected to be completed in Q4 2026.
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.
