The
key driver for the growth of the global large scale power projects
construction market is the increasing demand for electricity. Power
consumption has been consistently increasing due to factors such as
increase in global population, rapid rate of industrialization in
developing nations, and modernization of consumer trends.
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Another
advantage that the global large scale power projects construction
market can offer is the relatively lower pricing of electricity.
Large scale power projects are generally extensive in size and have a
minimum power generation capacity of 4,000 MW.
The
global large scale power projects market, however, witnesses the
major challenge of high initial costs associated with installation
and procurement of resources. The market is also considerably
hampered by the impact large scale power projects can have on the
environment.
The
first large scale power project was installed in Labrador, Canada in
1971, which generates 5,428 MW. It is owned by the Churchill Falls
Labrador Corporation Limited. Other large scale power plant projects
include the Guri hydroelectric dam, the Xiluodu hydroelectric dam,
and the Itaipu hydroelectric dam.
One
of the more prominent large scale power projects being constructed
currently is the Ultra Mega Power Project in India. Another large
scale power project construction is being undertaken by China. The
governments of both nations have provided assistance in the form of
subsidies, public clearances, financial assistance, other approvals,
and the adoption of plug and play models in order to speed up the
process of finishing the UMPP and other such projects. This is a
substantial addition to the positive reinforcement required to
improve the global large scale power projects market.
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The
global large scale power projects market is segmented on the basis of
technology and geography. The global large scale power projects
market is also divided into projects that use renewable and
non-renewable resources. The sources of power generation may include
hydro power, wind power, solar power, nuclear energy, and coal.
From
a geographical perspective, the global large scale power projects
market is currently dominated by Asia Pacific, due to the heavy
activities conducted by India and China.
Key
players in the global large scale power projects market are Tokyo
Electric Power Co. Inc., Tata Power Co. Ltd, Taiwan Power Company ,
Saudi Consolidated Electric Company, RusHydro JSC, Reliance Power
Ltd., PGE Polska Grupa Energetyczna SA, Ontario Power Generation
Inc., LongTan Hydropower Development Co. Ltd., Itaipu Binacional,
Chubu Electric PowerCo. Inc., CVG Electrificación Del Caroní
CA, Centrais Elétricas Brasileiras SA, and China Three Gorges
Corporation.
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TMR Blog Energy Reports : http://www.tmrblog.com/search/label/Energy
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