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 Q3 2024, according to GlobalData’s construction projects database.
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1. Yongzhou Tianzishan Pumped Storage Power Station 1400 MW
The project involves the construction of a pumped-storage power station with a capacity of 1,400MW in Shuangpai County, Yongzhou, Hunan, China
Construction work started in Q3 2024 and is expected to be completed in Q3 2028.
2. Jiangshan Pumped Storage Power Station 1200 MW
The project involves the construction of a pumped storage power station with a capacity of 1,200MW at Jiangshan City in Quzhou, Zhejiang, China.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2029.
The project aims to enhance power generation by using renewable sources of energy to meet the region’s growing demand.
3. Huaihua Chenxi Pumped Storage Power Station 1200 MW
The project involves the construction of a pumped-storage power station with a capacity of 1,200MW in Chenxi County, Huaihua City, Hunan, China.
Construction work started in Q3 2024 and is forecast to complete in Q2 2029.
4. Xingtai Pumped Storage Power Station 1200 MW
The project involves the construction of a pumped-storage power station with a 1,200MW capacity in Xindu District, Xingtai, Hebei, China.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2030.
5. Stung Meteuk Hydro Power Plant 150 MW
The project involves the construction of a 150MW hydropower plant in Stung Meteuk, Mondul Seima district, Koh Kong, Cambodia.
Construction work started in Q3 2024 and is expected to be completed in Q4 2028.
For more details on the latest construction projects, buy the profiles here.
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