Thermal technology contracts activity in Q2 2020 saw 101 contracts announced, marking a rise of 12% over the last four-quarter average of 90, 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 quarter, accounting for 59 contracts and a 58.4% share, followed by Oil with 30 contracts and a 29.7% share. Coal stood in third place with 12 contracts and an 11.9% 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 Q2 2020 with a 10.4% share.

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

  1. Supply & Erection: 49 contracts and a 48.5% share
  2. Project Implementation: 20 contracts and a 19.8% share
  3. Repair, Maintenance, Upgrade & Others: 20 contracts and a 19.8% share
  4. Consulting & Similar Services: six contracts and a 5.9% share
  5. Power Purchase Agreement: six contracts and a 5.9% share.

Asia-Pacific leads thermal contracts activity in Q2 2020

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with 28 contracts and a share of 27.7% during Q2 2020, followed by Europe with 28 contracts and a 27.7% share and North America with 26 contracts and a 25.7% share.

In fourth place was Middle East and Africa with 12 contracts and an 11.9% share and in fifth place was South and Central America with seven contracts and a 6.9% share.

Thermal technology contracts in Q2 2020: Top issuers by capacity

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

  1. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 1,740MW from two contracts
  2. MP Power Management (India): 1,320MW from one contract
  3. Primesouth Lebanon s.a.l.: 640MW capacity from one contract.

Thermal technology contracts in Q2 2020: Top winners by capacity

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

  1. Altmax Holding (Cyprus): 1,500MW from one contract
  2. Pench Thermal Energy (MP) (India): 1,320MW from one contract
  3. MAPNA Group (Iran): 984MW capacity from two contracts.

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.