Global power industry contracts in June 2020: Thermal technology down 30%

24 July 2020 (Last Updated July 24th, 2020 10:20)
Global power industry contracts in June 2020: Thermal technology down 30%

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.

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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.


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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.