Ultra
mega power projects (UMPP) are large power stations with a capacity
of 4,000 MW. UMPP was an initiative planned by Government of India in
2005 to build series of ambitious power stations. The aim of the
initiative is to create an additional capacity of minimum 100,000 MW
power by 2022. The UMPPs are perceived as an extension of the MPP
(Mega Power Projects) projects that the Government of India initiated
in the 1990s. The projects are awarded to developers on the basis of
competitive bidding. In countries such as Brazil, China, Poland,
Indonesia, Saudi Arabia, Japan, Russia, UAE, Canada, Venezuela and
the U.S, ultra mega power projects exist with different names and
different initiatives. Generally, these UMPPs are coal powered, hydro
powered, nuclear powered, wind powered and oil & gas powered.
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Ultra Mega Power Projects (UMPP) Construction Market Report
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The
global UMPP construction market has been growing substantially since
the first ultra mega power project was started in Labrador,
Newfoundland and Labrador, Canada in 1971. This power plant has an
installed capacity of 5,428 MW and is owned and operated by the
Churchill Falls Labrador Corporation Limited.Many other ultra-mega
power projects such as the Itaipu hydroelectric dam, Xiluodu
hydroelectric dam, and Guri hydroelectric dam have been constructed
in various regions of the world. North America, Asia Pacific and
Latin America are the major markets for UMPP construction industry.
The
drivers for UMPP construction market include rising demand for
electricity across the globe. The rising population,
industrialization and modernization have led to an increase in demand
of electricity. UMPPs provide electricity to consumers at much lower
rates. As the size of the power plants is very huge, the cost of the
electricity is much lower due to the economies of scale. However,
initial high capital costs, negative environmental impacts and
infeasibility to relocate large number of residents could hamper the
growth of UMPP construction market.UMPPs are beneficial for low cost
electricity generation and rising demand of electricity could be
satisfied with help of UMPPs. Many governments such as Government of
India and Government of China among others have provided
subsidies,financial assistance, public clearances and approvals, and
plug and play model to encourage UMPP construction projects. These
positive attributes are likely to help the UMPP construction market
to grow during the forecast period.
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The
global UMPP constructionmarket for can be segmented on the basis of
technology and geography. Various types of UMPPs are constructed
across the globe using different renewable and non-renewable energy
sources. UMPPs are constructed using various energy sources such as
coal, nuclear energy, oil & gas, wind power and hydro power. Asia
Pacific held largest market share of the global UMPP construction
market in 2014. China is one of the leader in UMPP construction
market followed by India, Japan, South Korea and Indonesia. North
America, Latin America and Europe including countries such as the
U.S, Canada, Brazil, Venezuela, Russia and Poland have a large market
for UMPP construction. Middle East has also started construction of
UMPP in recent years. Countries such as Saudi Arabia and UAE are
major players in this region for UMPP construction market.Asia
Pacific including countries such as China and India have a huge
potential market for UMPP construction in the coming years.
Some
of the key players in the global UMPP construction market include
China Three Gorges Corporation, Centrais Elétricas Brasileiras SA,
CVG Electrificación Del Caroní CA, Chubu Electric PowerCo. Inc.,
Itaipu Binacional, LongTan Hydropower Development Co. Ltd., Ontario
Power Generation Inc.,PGE Polska Grupa Energetyczna SA, Reliance
Power Ltd., RusHydro JSC, Saudi Consolidated Electric Company, Taiwan
Power Company , Tata Power Co. Ltd, and Tokyo Electric Power Co. Inc.
among others.
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TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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