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 gas construction projects that were initiated in Q2 2023, according to GlobalData’s construction projects database.
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1. Jurong Island OCGT Power Plant 680 MW
The project involves the construction of two open-cycle gas turbine (OCGT) generation units with a combined capacity of 680MW in Jurong Island, Singapore.
Construction work started in Q2 2023 and is expected to be completed in Q2 2025.
The project aims to develop an OCGT plant that is capable of fast start-up and rapidly ramping up power production to deliver electricity on demand. Buy the profile here.
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2. Gumi Natural Gas-Fired Power Plant 500 MW
The project involves the construction of a 500MW Liquified Natural Gas (LNG) power plant at 26 Goegok-ri, Haepyeong-myeon, Gumi-si, Gyeongsangbuk-do, South Korea.
Construction work commenced in Q2 2023 and is expected to finish in Q4 2025.
The aim of the project is to increase the power generation capacity to meet the growing demand for power in the region. Buy the profile here.
3. Gumi LNG Combined Cycle Power Plant 501 MW
The project involves the construction of an LNG combined cycle power plant on 14.80ha of land at Gumi in Gyeongsangbuk-do, South Korea.
Construction work started in Q2 2023 and is forecast to complete in Q4 2025.
The aim of the project is to meet the growing demand for power in the region. It will create 150,000 construction jobs. Buy the profile here.
4. Wangting Combined Cycle Power Plant Phase II 970 MW
The project involves the construction of a combined-cycle power plant in the Wangting Town of Suzhou, Jiangsu, China.
Construction work commenced in Q2 2023 and is expected to be completed in Q2 2026.
The purpose of the project is to meet the demand for power in the region. Buy the profile here.
5. Dongguan Gas Turbine Power Plant Phase II 996 MW
The project involves the construction of a gas cogeneration power plant with a power generation capacity of 996MW in Dongguan, Guangdong, China.
Construction work started in Q2 2023 and is expected to be completed in Q4 2024.
The project aims to meet the growing demand for power in the region and contribute to economic development and industrialization in the country. 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.
