Ultra Mega Power Projects (Umpp) Construction Market Segment Forecasts Up to 2023

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REPORT DESCRIPTION

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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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...