Thermal technology contracts activity in February 2021 saw 25 contracts announced, marking a drop of 32% over the last 12-month average of 37, 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 16 contracts and a 64% share, followed by Coal with five contracts and a 20% share. Oil stood in third place with four contracts and a 16% 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 February 2021 with a 10.4% share.

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

  1. Supply & Erection: 13 contracts and a 52% share
  2. Project Implementation: six contracts and a 24% share
  3. Repair, Maintenance, Upgrade & Others: four contracts and a 16% share
  4. Electricity Supply: two contracts and an 8% share.

Asia-Pacific leads thermal contracts activity in February 2021

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with nine contracts and a share of 36% during February 2021, followed by Middle East and Africa with six contracts and a 24% share and North America with five contracts and a 20% share.

In fourth place was Europe with five contracts and a 20% share.

Thermal technology contracts in February 2021: Top issuers by capacity

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

  1. Manila Electric (Philippines) and Ministry of Energy and Mines, Laos (Laos): 1,800MW from one contract
  2. Ministry of Electricity, Iraq (Iraq): 1,400MW from one contract
  3. Powerchina International Group (China): 135MW capacity from one contract.

Thermal technology contracts in February 2021: Top winners by capacity

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

  1. Phonesack Group (Laos): 1,800MW from one contract
  2. San Miguel (Philippines): 1,200MW from one contract
  3. Masinloc Power Partners (Philippines): 600MW 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.