Thermal technology contracts activity in June 2020 saw 21 contracts announced, marking a drop of 30% over the last 12-month average of 30, according to GlobalData’s power industry contracts database.

Gas was the top category in thermal technology in terms of number of contracts for the month, accounting for 17 contracts and an 81% share, followed by Oil with three contracts and a 14.3% share. Coal stood in third place with one contract and a 4.8% share.

Looking at global power contracts activity divided by the type of technology, thermal held the third position in terms of number of contracts during June 2020 with a 7.2% share.

The proportion of contracts by category in the Thermal technology tracked by GlobalData in the month was as follows:

1. Repair, Maintenance, Upgrade & Others: ten contracts and a 47.6% share
2. Project Implementation: five contracts and a 23.8% share
3. Supply & Erection: four contracts and a 19% share
4. Consulting & Similar Services: one contract and a 4.8% share
5. Power Purchase Agreement: one contract and a 4.8% share.

Asia-Pacific leads thermal contracts activity in June 2020

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with seven contracts and a share of 33.3% during June 2020, followed by North America with six contracts and a 28.6% share and Middle East and Africa with four contracts and a 19% share.

In fourth place was Europe with three contracts and a 14.3% share and in fifth place was South and Central America with one contract and a 4.8% share.

Thermal technology contracts in June 2020: Top companies by capacity

The top issuers of contracts in Thermal technology for the month in terms of power capacity involved were:

1. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 1,500MW from one contract
2. Saba Power and Energy Group: 500MW from one contract
3. Khoramabad Power Generation (Iran): 484MW capacity from one contract.

Thermal technology contracts in June 2020: Top winners by capacity

The top winners of contracts for the month in terms of power capacity involved were:

1. MAPNA Group (Iran): 984MW from two contracts
2. Siemens (Germany): 90MW from one contract
3. VPower Group (Hong Kong): 23.2MW capacity from one contract.

All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s Power database.

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