Thermal technology contracts activity in Q4 2020 saw 96 contracts announced, marking a drop of 9% over the last four-quarter average of 106, 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 72 contracts and a 69.9% share, followed by Oil with 20 contracts and a 19.4% share. Coal stood in third place with 11 contracts and a 10.7% 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 Q4 2020 with a 12% share.

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

  1. Supply & Erection: 41 contracts and a 42.7% share
  2. Project Implementation: 22 contracts and a 22.9% share
  3. Repair, Maintenance, Upgrade & Others: 19 contracts and a 19.8% share
  4. Consulting & Similar Services: eight contracts and an 8.3% share
  5. Power Purchase Agreement: six contracts and a 6.3% share.

Asia-Pacific leads thermal contracts activity in Q4 2020

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with 35 contracts and a share of 36.5% during Q4 2020, followed by Europe with 23 contracts and a 24% share and North America with 18 contracts and an 18.8% share.

In fourth place was Middle East and Africa with 15 contracts and a 15.6% share and in fifth place was South and Central America with five contracts and a 5.2% share.

Thermal technology contracts in Q4 2020: Top issuers by capacity

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

  1. Maharashtra State Electricity Distribution (India): 3,085MW from one contract
  2. ACWA Power International (Saudi Arabia): 2,389MW from one contract
  3. AlDhahir Group (Jordan): 1,000MW capacity from one contract.

Thermal technology contracts in Q4 2020: Top winners by capacity

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

  1. Adani Power Maharashtra (India): 3,085MW from one contract
  2. SEPCOIII Electric Power Construction (China): 2,389MW from one contract
  3. East China Electric Power Design Institute (China), Anhui No.1 Electric Power Construction (China) and Anhui No.2 Electric Power Engineering & Construction (China): 1,320MW 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.