Global power industry contracts in May 2020: Thermal technology up 10%

8 June 2020 (Last Updated August 16th, 2020 10:42)

Global power industry contracts in May 2020: Thermal technology up 10%
Oil and gas companies are making moves into the UK energy market.

Thermal technology contracts activity in May 2020 saw 32 contracts announced, marking a rise of 10% over the last 12-month average of 29, 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 19 contracts and a 59.4% share, followed by Oil with seven contracts and a 21.9% share. Coal stood in third place with six contracts and an 18.8% 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 May 2020 with a 15.8% share.

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

  1. Supply & Erection: 18 contracts and a 56.3% share
  2. Project Implementation: six contracts and an 18.8% share
  3. Repair, Maintenance, Upgrade & Others: four contracts and a 12.5% share
  4. Consulting & Similar Services: two contracts and a 6.3% share
  5. Power Purchase Agreement: two contracts and a 6.3% share.

Europe leads thermal contracts activity in May 2020

Comparing contracts activity in thermal technology in different regions of the globe, Europe held the top position with 12 contracts and a share of 37.5% during May 2020, followed by North America with nine contracts and a 28.1% share and Asia-Pacific with six contracts and an 18.8% share.

In fourth place was South and Central America with four contracts and a 12.5% share and in fifth place was Middle East and Africa with one contract and a 3.1% share.

Thermal technology contracts in May 2020: Top companies by capacity

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

  1. MP Power Management (India): 1,320MW from one contract
  2. Primesouth Lebanon s.a.l.: 640MW from one contract
  3. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 240MW capacity from one contract.

Thermal technology contracts in May 2020: Top winners by capacity

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

  1. Pench Thermal Energy (MP) (India): 1,320MW from one contract
  2. China CAMC Engineering (China): 640MW from one contract
  3. Aksa Enerji Uretim (Turkey): 240MW 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.