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 Q4 2023, according to GlobalData’s construction projects database.
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1. Yalong River Kala Hydropower Station 1020 MW
The project involves the construction of a pumped hydropower plant in the Muli County of Liangshan Prefecture, Sichuan
Construction work started in Q4 2023 and is expected to be completed in Q4 2029.
The project aims to enhance power generation by using renewable energy sources to meet the region’s growing demand.
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2. Pak Beng Hydroelectric Power Plant 912 MW
The project involves the construction of a 912MW hydroelectric power plant in Xayabouri province, Laos.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2030.
Being a run-of-the-river hydropower plant, the project will generate power at a very low cost and will be among the first power plants in the system to be dispatched.
3. Ruoqiang Pumped Storage Power Station 2100 MW
The project involves the construction of a pumped-storage power station with a 2,100MW capacity in Ruoqiang County, Bayingolin Mongol Autonomous Prefecture, Xinjiang, China.
Construction work started in Q4 2023 and is forecast to complete in Q3 2028.
The project aims to enhance power generation by using renewable sources of energy to meet the region’s growing demand.
4. Altay Burqin Pumped Storage Power Plant 1400 MW
The project involves the construction of a pumped-storage power station with a 1,400MW capacity in Burqin County, Altay Prefecture, Xinjiang, China.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2029.
The project aims to enhance power generation by using renewable sources of energy to meet the region’s growing demand.
5. Huangmei Ziyunshan Pumped Storage Power Station 1400 MW
The project involves the construction of a pumped-storage power station with a capacity of 1,400MW at Huangmei County in Huanggang, Hubei, China.
Construction work started in Q4 2023 and is expected to be completed in Q4 2029.
The project aims to enhance power generation by using renewable sources of energy 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.
