Oil and gas companies are making moves into the UK energy market.

Thermal technology contracts activity in December 2020 saw 42 contracts announced, marking a rise of 27% over the last 12-month average of 33, 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 34 contracts and a 77.3% share, followed by Coal with eight contracts and an 18.2% share. Oil stood in third place with two contracts and a 4.5% 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 December 2020 with a 16.3% share.

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

  1. Supply & Erection: 16 contracts and a 38.1% share
  2. Project Implementation: 14 contracts and a 33.3% share
  3. Repair, Maintenance, Upgrade & Others: six contracts and a 14.3% share
  4. Consulting & Similar Services: three contracts and a 7.1% share
  5. Power Purchase Agreement: three contracts and a 7.1% share.

Asia-Pacific leads thermal contracts activity in December 2020

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with 19 contracts and a share of 45.2% during December 2020, followed by North America with eight contracts and a 19% share and Europe with seven contracts and a 16.7% share.

In fourth place was Middle East and Africa with five contracts and an 11.9% share and in fifth place was South and Central America with three contracts and a 7.1% share.

Thermal technology contracts in December 2020: Top issuers by capacity

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

  1. Maharashtra State Electricity Distribution (India): 3,085MW from one contract
  2. AlDhahir Group (Jordan): 1,000MW from one contract
  3. Electricidade De Mozambique EP (Mozambique): 450MW capacity from one contract.

Thermal technology contracts in December 2020: Top winners by capacity

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

  1. Adani Power Maharashtra (India): 3,085MW from one contract
  2. Anhui No.1 Electric Power Construction (China), Anhui No.2 Electric Power Engineering & Construction (China) and East China Electric Power Design Institute (China): 1,320MW from one contract
  3. China Energy Engineering Group Planning and Engineering (China) and Power Construction Corporation of China (China): 1,000MW 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.