The construction market in Asia Pacific is forecasted by GlobalData to grow by 3.7% in real terms in 2023, having grown by 3.9% in 2022. 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 2023, according to GlobalData’s construction projects database.
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1. Mentarang River Hydroelectric Power Plant 1,375 MW
The project involves the construction of a 1,375 MW hydroelectric power plant in Malinou, North Kalimantan Province, Indonesia.
Construction work started in Q1 2023 and is expected to be completed in Q4 2029.
The dam will be built right above the residential area of Seboyo Village Buy the profile here.
2. Damushan Pumped Storage Power Station 1200 MW
The project involves the construction of a pumped-storage power station with a capacity of 1,400MW in Tongshan County, Xianning, Hubei, China.
Construction work commenced in Q1 2023 and is expected to finish in Q4 2026.
The project aims to enhance power generation by using renewable sources of energy to meet the region’s growing demand. Buy the profile here.
3. Yunyang Jianquan Pumped Storage Power Station 1200 MW
The project involves the construction of a pumped-storage power station with a capacity of 1,20MW in Yunyang, Chongqing, China.
Construction work started in Q1 2023 and is forecast to complete in Q1 2027.
The project aims to enhance power generation by using renewable sources of energy to meet the region’s growing demand. Buy the profile here.
4. Wawa Pumped Storage I Hydroelectric Power Plant 500 MW
The project involves the construction of a 500MW hydroelectric power plant in Rodriguez, Rizal, the Philippines.
Construction work commenced in Q1 2023 and is expected to be completed in Q4 2025.
The project aims to assist grid management while also providing cheap and reliable peaking power, significantly contributing to the Philippine government’s push to triple renewable energy generation capacity by 2030.
5. Yumen Chang Ma Pump Storage Hydroelectric Power Plant 1200 MW
The project involves the construction of a 1200MW Pumped Storage Power Station in Jiuquan, Gansu, China.
Construction work started in Q1 2023 and is expected to be completed in Q4 2026.
The project aims to enhance power generation capacity by using renewable sources of energy to meet the region’s growing demand.
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.
