Thermal technology contracts activity in September 2020 saw 38 contracts announced, marking a rise of 12% over the last 12-month average of 34, 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 26 contracts and a 66.7% share, followed by Oil with nine contracts and a 23.1% share. Coal stood in third place with four contracts and a 10.3% 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 September 2020 with a 12.8% share.

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

1. Supply & Erection: 20 contracts and a 52.6% share
2. Project Implementation: eight contracts and a 21.1% share
3. Power Purchase Agreement: six contracts and a 15.8% share
4. Repair, Maintenance, Upgrade & Others: three contracts and a 7.9% share
5. Consulting & Similar Services: one contract and a 2.6% share.

Asia-Pacific leads thermal contracts activity in September 2020

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with 14 contracts and a share of 36.8% during September 2020, followed by Europe with 11 contracts and a 28.9% share and North America with seven contracts and an 18.4% share.

In fourth place was Middle East and Africa with six contracts and a 15.8% share.

Thermal technology contracts in September 2020: Top issuers by capacity

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

1. Taiwan Power (Taiwan): 6,500MW from one contract
2. Hin Kong Power (Thailand): 1,400MW from one contract
3. MAPNA Group (Iran): 480MW capacity from one contract.

Thermal technology contracts in September 2020: Top winners by capacity

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

1. CTCI (Taiwan) and General Electric International (United States): 6,500MW from one contract
2. SEPCOIII Electric Power Construction (China): 3,320MW from two contracts
3. Mitsubishi Power (Japan): 1,400MW 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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