World Thermal Power Market

World Thermal Power Market

This report analyzes the worldwide markets for Thermal Power in Billions of Kilowatt-hours. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual forecasts are provided for each region for the period of 2001 through 2015. A ten-year historic analysis is also provided for these markets with annual market analytics. The report profiles 117 companies including many key and niche players worldwide such as AES Corporation, American Electric Power Company, Inc., Beijing Jingneng Thermal Power Co. Ltd., Calpine Corporation, Duke Energy International, Dynegy, Inc., E.ON Energie AG, Electrabel, ENDESA S.A, Enel SpA, EnBW Energie Baden-Württemberg AG, International Power Plc, Mirant Corp., National Thermal Power Corporation Limited, Southern Company, Tokyo Electric Power Company Incorporated, Energy Future Holdings Corp., Vattenfall Europe AG, Alstom Power Systems, Bharat Heavy Electricals Limited, GE Power Systems, Mitsubishi Heavy Industries, Rolls-Royce Plc, and Siemens AG. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

THERMAL POWER MCP-1076
A GLOBAL STRATEGIC BUSINESS REPORT


CONTENTS


I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Discla imers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-3
Product Definitions and Scope of Study I-3
Thermal Power Generation Equipment I-3
Boilers I-3
Turbines I-3
Generators I-3

II. EXECUTIVE SUMMARY

1. Industry Overview II-1
A Quick Market Primer II-1
Major Markets II-1
The United States II-1
Table 1: US Market for Thermal Power (2005): Percentage
Breakdown of Generation by Fuel Source - Coal, Natural Gas
and Others (includes corresponding Graph/Chart) II-2
China II-2
Thermal Power Dominates Chinese Electric Power Sector II-2
Japan II-2
Russia II-2
India - Facing Huge Deficit II-3

2. Power Sector Reforms - An Overview II-4
IPPs in Developing Countries II-4

3. Market Trends & Issues II-6
Solar Thermal Power - A New Revelation in Power Generation II-6
Trend Towards Distributed Power Generation II-6
Growing Environmental Concerns II-6
Increasing Regulations Boost R&D Efforts II-7
Declining Production Cost for Coal-fired Power Generation II-7

4. An Overview of Fuel Sources II-8
Coal Continues Dominance II-8
Table 2: Global Coal Market (2004): Exports in Metric Tons by
Select Country - Australia, Indonesia, China, South Africa,
and Russia (includes corresponding Graph/Chart) II-8
Natural Gas-Fired Power Generation Gains II-8
Table 3: Worldwide Electricity Generation (2000, 2005 and
2010): Percentage Breakdown by Fuel Source - Coal, Natural
Gas, Nuclear, Oil, and Renewables (includes corresponding
Graph/Chart) II-9
Economic Disparities Reflect in Fuel Source Penetration II-9
Table 4: Worldwide Electricity Generation (2005): Percentage
Breakdown by Fuel Source for Industrialized Countries and
Others - Coal, Natural Gas, Nuclear, Oil, and Renewables
(includes corresponding Graph/Chart) II-10

5. Thermal Power Generation Equipment: An Overview II-11
Growing Demand for Electricity Drives Power Generation
Equipment Market II-11
Boilers II-11
Power Generation - Driving Force behind the Boiler Industry II-11
Asia-Pacific Leads the Market II-12
Table 5: World Market for Power Boilers (2004 & 2005):
Percentage Breakdown by Region - USA, Canada, Japan, Europe,
Asia-Pacific, Middle East, and Latin America (includes
corresponding Graph/Chart) II-12
Penetration of Gas-Fired Systems - A Major Threat II-13
Boilers: Product Overview II-13
Different Types of Boilers II-13
Pressurized Fluidized-Bed Combustion Boilers (PFBC) II-13
Circulating Fluidized Bed (CFB) Boilers II-14
Pulverized-Coal (PC) Boiler Systems II-14
Low Emission Boiler System (LEBS) II-15
Cyclone-Fired Boilers II-15
Problems Associated with Boilers II-16
Corrosion in Recovery Boilers - A Cause for Worry II-16
Cathodic Protection - A Possible Solution II-16
Cathodic Protection: Technology and Methods II-16
Galvanic System II-16
Impressed Control System II-17
Applications of Cathodic Protection in Power Plant II-17
Underground Piping Systems II-17
Waterfront Structures II-17
Cooling Water Systems II-17
Storage Tanks II-18
Rusting in Boilers II-18
Excessive On/Off Cycles II-18
Issues & Trends II-18
Testing Standards II-18
Industry Codes II-19
Insurance Issues II-19
Boiler Catastrophes II-19
Turbines II-20
Turbines - The Energy Generators II-20
Gas Turbines II-21
Table 6: World Recent Past, Current & Future Analysis for
Gas Turbines by Geographic Region - USA, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and
Rest of World Markets Independently Analyzed with Annual
Generation Figures in Gigawatt for Years 2001 through 2010
(includes corresponding Graph/Chart) II-22

Table 7: World 10-Year Perspective for Gas Turbines by
Geographic Region - Percentage Breakdown of Unit Sales for
USA, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets for Years 2001, 2006
& 2010 (includes corresponding Graph/Chart) II-23
Steam Turbines II-23
Table 8: Global Market for Steam/Vapor Turbines (2000-2004):
Imports in US$ Million by Select Country - China, USA,
Germany, Japan, and UK (includes corresponding Graph/Chart) II-24

Table 9: Global Market for Steam/Vapor Turbines (2000-2004):
Exports in US$ Million by Select Country - Japan, Germany,
USA, UK, and China (includes corresponding Graph/Chart) II-24

Table 10: World Recent Past, Current & Future Analysis for
Steam Turbines by Geographic Region - USA, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and
Rest of World Markets Independently Analyzed with Annual
Generation Figures in Gigawatt for Years 2001 through 2010
(includes corresponding Graph/Chart) II-25

Table 11: World 10-Year Perspective for Steam Turbines by
Geographic Region - Percentage Breakdown of Unit Sales for
USA, Canada, Japan, Europe, Asia-Pacific (Excluding Japan),
Latin America and Rest of World Markets for Years 2001, 2006
& 2010 (includes corresponding Graph/Chart) II-26
Combined-Cycle/Combined-Heat-and-Power Turbines II-26
Issues & Trends II-27
Gas Turbines Set for a Big Leap II-27
Table 12: Leading Players in the Global Gas Turbines Market
(2006): Percentage Breakdown of Unit Sales for General
Electric, Siemens, Alstom, and Others (includes
corresponding Graph/Chart) II-27
Steam Turbines on the Brink of Saturation II-28
Leading Players II-28
Table 13: Leading Players in the Global Steam Turbines
Market (2006): Percentage Breakdown of Unit Sales for
Alstom, General Electric, Siemens, Mitsubishi Heavy
Industries, and Others (includes corresponding Graph/Chart) II-28
Overcoming Gas Turbine Shortage - A Historic Review II-29
Increasing Gas Turbine Capacity II-29
CHAT on the Horizon II-30

6. Technological Developments II-31
Novel Thermal Power Process II-31
Heliostat Device by Chinese Inventor II-31
New Improved Gas Turbine Technology Developed II-31
Steam Cooling Systems for Gas Turbines Introduced II-31
Russelectric Develops Advanced Power Control Systems for
Generators II-31
GE and DOE Jointly Develop Next Generation Advanced Version
Gas Turbines II-32

7. Recent Industry Activity II-33
PT PLN to Construct Two Thermal Power Plants in Sulawesi II-33
India and Sri Lanka Collaborates to Build Thermal Power Plant II-33
Singareni to Build Two Power Plants in India II-33
Prakash Industries to Establish Thermal Power Plant in India II-33
BHEL to Expand Haridwar Facility II-33
Crompton Greaves Set to Bag NTPC Transformer Contract II-33
Birla Tyres Obtains Approval for Setting-Up Power Plant in
Orissa II-34
Suryachakra to Set-Up Power Plant in Chhattisgarh II-34
BHEL Bags Contract worth INR24.75 Billion to Build Thermal
Power Plant II-34
Simplex to Foray into Thermal Power Production II-34
CESC to Build Power Plant in Jharkhand II-34
Indira Gandhi Super Thermal Power Project to Supply Power to
Delhi and Haryana II-34
NTPC to Build Two Thermal Power Project in Maharashtra II-34
Indian Government Grants Approval for UMPPs II-35
Badarpur Starts 6 Megawatts Biomass-Based Thermal Power Plant II-35
Simplex Bags Order for Maithon Thermal Power Project II-35
BSEB and NTPC to Form Joint Venture Company II-35
Prakash Industries to Set-up Thermal Power Plant in M.P II-35
China Closes 14.4 Million Kilowatts of Thermal Power Capacity II-35
Five Thermal Power Projects of 1200 MW to Come Up by 2009 II-35
Pakistan to Set up 20,000 MW Thermal Power Plant by 2019 II-36
Vietnam Province Grants Permission to Build 2,400 Megawatts
Thermal Power Plant II-36
Lukoil Romania to Set up a Thermal Power Plant II-36
Ural Federal District to Gain Four Thermal Power Stations II-36
United Company RUSAL to Start Thermal Power Research Centre II-36
Top Energy to Retain $68 Million Thermal Power Station II-37
ADB Grants $ 931 Million to Thermal Power Plant of Vietnam II-37
Chhattisgarh to Build 30,000 Megawatts thermal power plants
by 2012 II-37
NTPC Inks US$380 Million Loan Agreement with JBIC II-37
OPG Energy to Set-Up 77 Megawatts Thermal Power Plant II-37
BHEL to Set-Up 2x800 Megawatts Thermal Power Project at Obra II-37
AES and Orissa Government to Expand Power Capacity at IB-
Valley Thermal Power Station II-38
Haryana State Inaugurates 300 MW Thermal Power Project II-38
BHEL Receives a Supply & Installation Order II-38
NTPC to Invest in Joint Venture II-38
Jindal Develops a New Thermal Power Project II-38
TNEC to Establish 1000 MW Power Plant II-38
KK Birla Group to Set Up 2000 MW Power Project II-39
PIB Approves 1000 MW Power Plant II-39
Bongaigaon Project Receives Eco Clearance II-39
Karnataka to Set up SPV to Implement Power Plants II-39
MHI to License Technology to BHEL II-39
Lanco to Build 2460 MW Thermal Power Plant II-40
Indian Railways to Form a Joint Venture with Indian Railways II-40
NTPC to Acquire Sidi Krier II-40
NSPCL and CSEB Inks a Power Purchase Deal II-40
Government Grants Approval for Talwandi Power Plant II-40
ETA-Ascon to Invest in Indian Thermal Electricity Plant II-40
Jingneng to Acquire 30% Stake in Jingfeng II-40
China Closes 11.1 Million Kilowatts of Thermal Power Capacity II-41
Jingneng Thermal Power to Acquire 15% stake in Yitai Jingyue II-41
Poly HK to Divest Thermal Power Plant II-41
China Plans to Shut Down Thermal Power Plants II-41
HDPI Signs a Deal with Yanzhou Coal II-41
Datang to Invest US$1.2 Billion in Guangdong II-41
China National to Set up Power Station II-41
Toshiba Forms Joint Venture with Xian II-42
China Shuts down Two Small Thermal Power Plants II-42
Soc Trang Province Grants Approval for 4,400 Megawatts
Thermal Power Center Project II-42
Toyo Ink Group to Set up Thermal Power Plant II-42
Bali to Build 400 MW Thermal Power Plant II-42
Iran and Turkey Inks Collaboration Agreement to Set-up Three
Thermal Power Plants II-43
Enel to Build Thermal Power Station in Romania II-43
Alro to Invest in Thermal Power Plant II-43
Ausra and PG&E to Set-Up 177 Megawatt Solar Thermal Power Plant II-43
TGC-10 Invests in Nyagan GRES Thermal Power Plant II-43
UES Divests 22.9% stake in Moscow Thermal Power Grid II-43
Uganda Obtains Further $300 Loan for Thermal Power II-44
Doosan to Supply Boilers to Thermal Power Plant in Al Khalij II-44
OJSC Donbasenergo Upgrades Power Plant Capacity II-44
Maria to Start Constructing $119.7 Million Thermal Power Plant II-44
Chilean Agrisol Builds New Thermal Power Plant II-44
Energia del Sur Plans to Invest $ 80 Million in Expanding Plant II-44
Japanese Sumitomo to Build Coal Based Power Plant II-45
Japanese Mitsui Receives Power Plant Construction Contract II-45
Duke Energy Acquires Dynegy’s Rockingham Power Plant II-45
Carlyle/Riverstone Acquires Stake in Bottle Rock Power II-45
CEZ Acquires Varna Thermal Power Plant II-45
Southern Cross Group Acquires Campanario Facility from Innergy II-46
American National Power Acquires Power Plant from Topaz Group II-46
Acciona Takes Over Majority Stake in Solargenix Energy II-46
Duke Energy and Cinergy Merge II-46
UES Subsidiary Merges with Two Thermal Power Plants II-46
Electricite de France Sells Two Thermal Plants to Tanjong II-47
Calpine Divests Stake in 525 MW Power Plant in Mexico II-47
PSEG Global Sells Two Polish Electricity Generation Plants II-47
Calpine Divests Leasehold Stake in Fox Energy Center II-47
American Securities Divests Primary Energy Ventures II-48
American Electric Power Sells Power Plant in Mexico II-48
Neyveli Lignite Partners with Mahanadi Coalfields II-48
Public Service Company of Oklahoma to Form Joint Venture with
Oklahoma Gas and Electric Company II-48
Southern Company Extends Power Supply Agreement with Florida
Power & Light II-49
CEZ Power Company Signs Privatization Agreement II-49
AESWapiti and BC Hydro Sign Power Purchase Agreement II-49
Orient Power and Private Power Infrastructure Board Signs
Agreement II-49
Power Generation Company of Trinidad and Tobago Signs
Purchase Agreement with T&TEC II-50
POSCO Engineering and Construction Inks Pact with AES Gener II-50
SNC-Lavalin Bags Contract to Establish Thermal Power Unit in
Algeria II-50
Hai Phong Signs Contract with Dongfang and Marubeni II-50
Solel’s Association with Solargenix energy II-51
HLT Energies Signs Solar Thermal Energy Sales Agreements II-51
Tata Power Company Enters into Agreement with Damodar Valley
Corporation II-51
SNC-Lavalin Secures Contract to Build Thermal Power Plant II-51
Quang Ninh Thermal Power Signs Contract with Shanghai
Electric Company II-51
STEAG to Form Alliance with EnBW Energie Baden-Württemberg II-51
Enel Inks MoU with RAO Unified Energy Systems II-52
Europees Massagoed Overslagbedrijf Signs MoU with Electrabel II-52
E.ON to Set Up the World’s Advanced Coal-Fired Power Station II-52
China to Shutter Small Thermal Power Units II-53
Solel Collaborates with Sacyr to Construct Three Solar
Thermal Power Plants II-53
Belon to Commence Construction of Thermal Power Plant in
Kemerovo II-53
Novosibirskenergo Plans Two New Thermal Electricity Plants II-53
RWE to Build Combined-Fuel Power Plant II-54
Rosatomstroy to Invest in Thermal Power Facility II-54
Mitsubishi Heavy Industries Bags Order for Power Generation
Systems II-54
Vedanta to Establish Thermal Power Generation Plant in Orissa II-54
Aditya Birla Power Company and Jindal South West Energy to
Establish Two New Power Plants II-55
National Thermal Power Corporation Receives Approval from the
Nigerian Government to Build Power Station II-55
Karachi Electric Supply Corporation Plans to Establish 750 MW
Power Unit II-55
Guangxi Zhuang Region of China to Construct Thermal Power
Generation Unit II-56
China Guodian and Two Other Companies to Construct New Power
Generation Plant II-56
Poweo Commences Construction of a Thermal Power Plant II-56
New Thermal Power Plant to Come Up at Vietnam’s Mekong Delta II-56
PT Polychem to Construct Three Thermal Power Generation Plants II-57
Cam Pha Thermal-power Commences Construction of New Thermal
Power Plant II-57
RPG Group to Invest in 4,000 MW Mega Thermal Power Project II-57
New Thermal Power Plants in South Korea II-57
National Hydroelectric Power Corporation to Venture into
Thermal Power Generation II-58
Orissa Government Clears Additional Power Generation Capacity
in the State II-58
Government of India to Establish 4,000 MW Tadri Thermal Plant II-58
Shaheen to Set up 800 MW Thermal Power Unit in Pakistan II-58
Oil and Natural Gas Corporation Agrees to Supply Natural Gas
to Monarchak Power Plant II-59
Thermal Power Plant in Central Java to Commence Operations II-59
Torrent Power to Setup New 1,000 MW Thermal Power Generation
Plant II-59
National Thermal Power Corporation to Establish Joint Venture
with Qatar Investment Board II-59
CESC to Setup High-End Thermal Power Plants II-60
Reliance Anil Dhirubhai Ambani Group to Setup 12,000 MW
Thermal Power Project in Orissa II-60
PetroVietnam Initiates Construction of Power Plant II-60
Rosenergoatom to Construct Seven Floating Thermal Power
Generation Plants II-60
UTE to Expand Capacity of Punta del Tigre Thermal Plant II-61
Uganda’s New Thermal Power Plant Begins Production II-61
Globeleq’s Thermal Power Plant Nearing Completion II-61
Geo-Thermal Power Project Plans Revised II-61
Iranian Private Sector Commences Thermal Power Unit
Construction at Omidiyeh II-61
Siemens to Set up New Combined Cycle Power Plant in Thailand II-61
Akca to Construct Thermal Power Plant II-62
Iran to Build Two Power Plants for Iraq II-62
E.ON Acquires NRE Energie II-62
Duke Energy Acquires Stake in Empress System from ConocoPhillips II-62
TransCanada Acquires Alberta Power Generation Capacity II-62
Enel Acquires Stake in Slovenske Elektrarne II-62
Calpine Divests Ontelaunee Energy Center to LS Power Equity
Partners II-63
Duke Energy Sells Grays Harbor Generating Facility II-63
Mitsubishi in Supply Agreement with Maanshan II-63
ALSTOM Supplies HRSGs II-63
GE Bags Major Gas Turbine Order II-63
Calpine Acquires Aries Power Plant II-64
International Power Closes 1.1 GW Hays Power Station II-64
Geothermal Project in El Salvador by ENEL II-64
Enel Receives Steam Turbines from Mitsubishi II-64
American National Power Ties Up with ALSTOM II-64
ALSTOM Receives Contract from Larsen & Toubro II-64
International Power Acquires EME Portfolio II-64
International Power Acquires Stake in Turbo Gas II-64
Doosan Receives Contract from National Thermal Power Corporation II-65
Siemens Pockets Alstom’s Industrial Turbine Business II-65
Silovye Mashiny Bags Contract to Upgrade Thermal Power Plant
in Vietnam II-65
Lilama Receives Contract from Electricity of Vietnam II-65
Toshiba Starts Distribution of H System™ II-65
Bharat Heavy Electricals Diversifies Operations II-65
Power Machines Receives Contract from Lilama II-66
TransAlta Corporation Opts for Siemens Westinghouse Fleet
Management Solution II-66
AES Divests Minority Interest in AES Oasis II-66
Duke Energy Sells Power Plant in France II-66
AES Divests Controlling Stake in Georgian Power Utility II-66
Calpine and Mitsui Receives Contract for New Power Plant II-66
Calpine Signs Deal with Brazos II-66
Doosan Bags Contract from Central Electricity Generating Company II-66
Duke Energy Sells Majority Stake in Indonesian Power Plant II-67
Fortum Acquires 9.5% Stake in Lenenergo II-67
Endesa Bags Contract to Supply Electricity to Andorra II-67
Electrabel Acquires Remaining Stake in Polaniec Power Plant II-67
Endesa Partners with ASM Bresica II-67
Endesa Buys Additional Stake in Central Costanera II-67
Morgan Stanley Acquires 6.6% Stake in Enel II-67
ABB Bags Contract from Vattenfall II-68
Enel Acquires Stake in Maritza East III Power Company II-68
Calpine Sells 50% Stake in Lost Pines 1 Power Project II-68
International Power and Saudi Oger Contract Bags Contract
from Saudi Aramco II-68
New Power Plant Construction in Vietnam II-68
GE Power Systems Acquires Jenbacher II-68
Bharat Heavy Electricals Forms Joint Venture Company with
National Thermal Power Corporation II-68
Bharat Heavy Electricals Bags a Series of Contracts II-69
GE Power Systems Receives Contract for Power Project in China II-69
Alstom Receives a Series of Contracts II-69
Cummins Power Inks Distribution Agreement with Kawasaki Gas
Turbines II-70
GE Power Systems Wins Contract to Supply Gas Turbine Generators II-70
GE Power Systems Finalizes Deal to Supply Four Gas Turbines II-70
Rolls Wood Group Acquires Allison Gas Turbine Product Lines
from Rolls-Royce Engine Services II-71
Deal Between GE Aero Energy and Tractebel II-71
Steam Turbine Generator Contracts for Alstom II-71
A Flurry of Gas Turbine Contracts for GE Power Systems II-71
Deal Between Pratt & Whitney and Mitsubishi Heavy Industries II-72
GE Power Systems Bags Gas and Steam Turbines Contracts II-72
Contract for Siemens from Israel Electric II-72
Capstone Deals with Invensys and Energy Co-Opportunity II-72
GE and Ansaldo-Siemens Bags Contract in Italy II-72
Contract for Alstom from Saudi Electricity II-72
Contracts for Siemens in UAE II-72
Deal Between Siemens and Light II-73
Deal Between Electricidade de Portugal and Rolls-Royce II-73
Gas Turbines Contracts for Alstom in Mexico II-73
GE Power Systems Supplies Gas Turbines to Brazil II-73
Empire District Electric Company Agrees to Buy Pratt & Whitney
Power Systems II-73
Gas Turbines Contract for GE Power Systems in Venezuela II-73

8. Focus on Select Global Players II-74
Power Generation II-74
AES Corporation (USA) II-74
American Electric Power Company, Inc. (USA) II-74
Table 14: American Electric Power Company (2007): Percentage
Breakdown of Power Generating Capacity by Fuel Source -
Coal/Lignite, Natural Gas, Nuclear, and Others (Wind &
Hydro, among others) (includes corresponding Graph/Chart) II-74
Beijing Jingneng Thermal Power Co. Ltd. (China) II-74
Calpine Corporation (USA) II-75
Duke Energy International (USA) II-75
Dynegy, Inc. (USA) II-75
E.ON Energie AG (Germany) II-75
Electrabel (Belgium) II-75
ENDESA S.A (Spain) II-76
Enel S.p.A. (Italy) II-76
Table 15: Enel’s Focus On Renewables (2007): Percentage
Breakdown of Power Production by Renewable Energy Sources -
Geothermal, Mini-Hydro, Wind, and Others(includes
corresponding Graph/Chart) II-76

Table 16: Enel’s International Net Energy Production Mix
(2007): Percentage Breakdown of Power Production by
Fuel/Energy Source - Nuclear, Coal, Other renewables, CCGT,
Oil & Gas, and Hydro (includes corresponding Graph/Chart) II-77
EnBW Energie Baden-Wuerttemberg AG (Germany) II-77
International Power Plc (The United Kingdom) II-77
Table 17: International Power Plc (2007): Percentage
Breakdown of Power Production by Fuel Type - Gas, Coal, Oil,
Wind, Hydro, and Others (includes corresponding Graph/Chart) II-77
Mirant Corp. (USA) II-77
National Thermal Power Corporation Limited (India) II-78
Table 18: National Thermal Power Corporation Limited (NTPC)
(2007): Percentage Breakdown of Commissioned Capacity by
Fuel Type - Coal, and Gas/ Liquid Fuel II-78
Southern Company (USA) II-78
Table 19: Georgia Power (2006): Percentage Breakdown of
Power Generation Sources (includes corresponding
Graph/Chart) II-78
Tokyo Electric Power Company, Incorporated (Japan) II-79
Table 20: Tokyo Electric Power Company (2006): Percentage
Breakdown of Electric Power Generating Capacity by Fuel
Source - Thermal (Oil, Coal, LNG/LPG), Hydro, Nuclear And
New Energy (includes corresponding Graph/Chart II-79
Energy Future Holdings Corp. (USA) II-79
Vattenfall Europe AG (Germany) II-79
Power Generation Equipment Manufacturers II-79
Alstom Power Systems (USA) II-79
Bharat Heavy Electricals Limited (India) II-80
GE Power Systems (USA) II-80
Mitsubishi Heavy Industries (Japan) II-81
Rolls-Royce Plc (The United Kingdom) II-82
Siemens AG (Germany) II-82

9. Global Market Perspective II-83
Table 21: World Recent Past, Current & Future Analysis for
Thermal Power by Geographic Region - USA, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and Rest
of World Markets Independently Analyzed with Annual
Generation Figures in Billion Kilowatt-hours for Years 2001
through 2010 (includes corresponding Graph/Chart) II-83

Table 22: World Long-term Projections for Thermal Power by
Geographic Region - USA, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Generation Figures in
Billion Kilowatt-hours for Years 2011 through 2015 (includes
corresponding Graph/Chart) II-84

Table 23: World Historic Review for Thermal Power by
Geographic Region - USA, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Generation Figures in
Billion Kilowatt-hours for Years 1991 through 2000 (includes
corresponding Graph/Chart) II-85

Table 24: World 15-Year Perspective for Thermal Power by
Geographic Region - Percentage Breakdown of Generation for
USA, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets for Years 1998, 2008
& 2012 (includes corresponding Graph/Chart) II-86

III. MARKET

1. The United States III-1
A.Market Analysis III-1
Table 25: Electricity Generation in the US (2005):
Percentage Breakdown by Fuel Source - Coal, Nuclear, Natural
Gas, Hydro, Oil, and Others (includes corresponding
Graph/Chart) III-1
Coal Usage in Power Generation in the US - A Peek into the
Past III-1
Table 26: Coal-Fired Capacity Additions in the US
(2002-2009) by State - Utah, Wyoming, Kentucky, Wisconsin,
Missouri, Montana, North Dakota, Arkansas, Oklahoma,
Pennsylvania, Colorado, Iowa, Indiana, Georgia, Arizona,
Louisiana, Illinois, Texas, South Carolina, Washington,
West Virginia, Florida, Maryland, and Virginia III-2
Uncertainty in Capacity Additions III-3
Table 27: US Market for Electricity: Capacity Additions
for 1991-2005 in GW (includes corresponding Graph/Chart) III-3

Table 28: Electricity Market in the US (2000-2005):
Capacity Additions of Select Companies - Calpine Corp, Duke
Energy, Panda Energy, PG&E, Cogentrix, FPL Group,
International Power, Tenaska, Public Service Enterprise
Group, and Mirant (includes corresponding Graph/Chart) III-4
Market Trends & Issues III-4
New Energy Policy Gives Boost to Nuclear Power III-4
Power Plant Improvement Initiative III-4
Coal Gasification - A Niche Solution III-5
Combined Heat and Power - Reduces Energy Wastage during
Power Generation III-5
Deregulation of Power Sector III-5
Deregulated Market - Pros and Cons III-6
Refiners as Independent Power Producers III-7
An Overview of Fuel Sources III-7
An Overview of Power Generation Equipment III-8
Rising Demand for Electricity Generation Equipment III-8
North American Power Generation Market III-8
Gas Turbines III-8
Table 29: North American Market for Rental Gas Turbines
(2000-2008) (includes corresponding Graph/Chart) III-9
Market Drivers III-9
Table 30: Leading Players in the US Turbines Market
(2006): Percentage Breakdown of Unit Sales for GE,
Siemens, Alstom, and Others (includes corresponding
Graph/Chart) III-9
Natural Gas Turbines Market III-10
Table 31: Leading Players in the US Gas Turbines Market
(2006): Percentage Breakdown of Unit Sales for GE,
Siemens, Alstom, and Others (includes corresponding
Graph/Chart) III-10

Table 32: US Market for Turbo-Jets, Turbo- Propellers and
Other Gas Turbines (2001-2005): Imports in US$ Million by
Select Country - France, UK, Canada, Germany, Japan,
Italy, South Korea, Switzerland, Singapore and India
(includes corresponding Graph/Chart) III-10

Table 33: US Market for Turbo-Jets, Turbo-Propellers and
Other Gas Turbines (2001-2005): Exports in US$ Million by
Select Country - France, UK, Germany, Canada, Singapore,
Japan, Italy, South Korea, Switzerland and India
(includes corresponding Graph/Chart) III-11

Table 34: US Recent Past, Current & Future Market
Analysis for Turbines by Product Segment - Steam Turbines
and Gas Turbines Markets Independently Analyzed with
Annual Generation Figures in Gigawatt for Years 2000
through 2010 (includes corresponding Graph/Chart) III-11
Boilers III-12
Perceptive Changes in Use of Coal III-12
Technological Developments in the Late 90s III-12
New Burner Design for Boilers III-12
Strategic Corporate Developments III-13
Key Players III-19
Power Generation III-19
AES Corporation III-19
American Electric Power Company, Inc. III-19
Table 35: American Electric Power Company (2007):
Percentage Breakdown of Power Generating Capacity by Fuel
Source - Coal/Lignite, Natural Gas, Nuclear, and Others
(Wind & Hydro, among others) (includes corresponding
Graph/Chart) III-20
Calpine Corporation III-20
Cogentrix Energy, LLC. III-20
Duke Energy Corporation III-20
Dynegy, Inc. III-21
FPL Group. III-21
Mirant Corp III-21
PG&E Corporation III-21
Public Service Enterprise Group, Inc. III-21
Southern Company III-22
Table 36: Georgia Power (2006): Percentage Breakdown of Power
Generation Sources (includes corresponding Graph/Chart) III-22
Energy Future Holdings Corp III-22
Power Generation Equipment Manufacturers III-22
Alstom Power Systems III-22
GE Power Systems III-23
B.Market Analytics III-24
Table 37: US Recent Past, Current & Future Market Analysis
for Thermal Power with Annual Generation Figures in Billion
Kilowatt-hours for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-24

Table 38: US Long-term Projections for Thermal Power with
Annual Generation Figures in Billion Kilowatt-hours for
Years 2011 through 2015 (includes corresponding Graph/Chart) III-24

Table 39: US Historic Review for Thermal Power with Annual
Generation Figures in Billion Kilowatt-hours for Years 1991
through 2000 (includes corresponding Graph/Chart) III-25

2. Canada III-26
A.Market Analysis III-26
Table 40: Electricity Generation in Canada (1980-2000):
Percentage Breakdown by Fuel Source - Hydro, Thermal, and
Others (includes corresponding Graph/Chart) III-26
Thermal Power Generation Equipment III-27
Small Market for Large Gas Turbines III-27
Table 41: Canadian Market for Turbo-Jets, Turbo-Propellers
and Other Gas Turbines (2001-2005): Imports in US$ Million
by Select Country - USA, UK, Germany, France, and Japan
(includes corresponding Graph/Chart) III-27

Table 42: Canadian Market for Turbo-Jets, Turbo-Propellers
and Other Gas Turbines (2001-2005): Exports in US$ Million
by Select Country - USA, France, UK, Germany, and Japan
(includes corresponding Graph/Chart) III-28

Table 43: Canadian Recent Past, Current & Future Market
Analysis for Turbines by Product Segment - Steam Turbines
and Gas Turbines Markets Independently Analyzed with
Annual Generation Figures in Megawatt for Years 2000
through 2010 (includes corresponding Graph/Chart) III-28
Strategic Corporate Developments III-28
B.Market Analytics III-30
Table 44: Canadian Recent Past, Current & Future Market
Analysis for Thermal Power with Annual Generation Figures in
Billion Kilowatt-hours for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-30

Table 45: Canadian Long-term Projections for Thermal Power
with Annual Generation Figures in Billion Kilowatt-hours for
Years 2011 through 2015 (includes corresponding Graph/Chart) III-30

Table 46: Canadian Historic Review for Thermal Power with
Annual Generation Figures in Billion Kilowatt-hours for
Years 1991 through 2000 (includes corresponding
Graph/Chart) III-31

3. Japan III-32
A.Market Analysis III-32
Regulatory Reforms - An Overview III-32
Table 47: New Electric Power Generating Capacity Additions
(in MW) in Japan by Company - Daio Paper, Diamond Power,
Ennet, Summit Energy, eREX, and Nippon Steel (includes
corresponding Graph/Chart) III-33
Major Impediments to Competition in the Japanese Electric
Power Sector III-33
Power Generation Equipment III-33
Table 48: Japanese Recent Past, Current & Future Market
Analysis for Turbines by Product Segment - Steam Turbines
and Gas Turbines Markets Independently Analyzed with
Annual Generation Figures in Megawatt for Years 2000
through 2010 (includes corresponding Graph/Chart) III-33
Technological Developments III-34
Japanese Inventors Develops Covering Material for Solar
Thermal Power Generating System III-34
Strategic Corporate Developments III-34
Key Players III-35
Power Generation III-35
The Tokyo Electric Power Company, Incorporated III-35
Table 49: Tokyo Electric Power Company (2006): Percentage
Breakdown of Electric Power Generating Capacity by Fuel
Source - Thermal (Oil, Coal, LNG/LPG), Hydro, Nuclear And
New Energy (includes corresponding Graph/Chart) III-35
Power Generation Equipment Manufacturers III-35
Mitsubishi Heavy Industries III-35
Nippon Steel Corporation III-36
B.Market Analytics III-36
Table 50: Japanese Recent Past, Current & Future Market
Analysis for Thermal Power with Annual Generation Figures in
Billion Kilowatt-hours for Years 2001 through 2010
(includes corresponding Graph/Chart) III-36

Table 51: Japanese Long-term Projections for Thermal Power
with Annual Generation Figures in Billion Kilowatt-hours for
Years 2011 through 2015 (includes corresponding Graph/Chart) III-37

Table 52: Japanese Historic Review for Thermal Power with
Annual Generation Figures in Billion Kilowatt-hours for
Years 1991 through 2000 (includes corresponding
Graph/Chart) III-37

4. Europe III-38
A.Market Analysis III-38
Changing Landscape of European Power Market III-38
An Overview of Power Generation Equipment Market in Europe III-39
Table 53: Leading Players in the European Gas Turbines
Market (2006): Percentage Breakdown of Unit Sales for
Alstom, Siemens, GE, and Others (includes corresponding
Graph/Chart) III-39
European Steam Turbines Market III-39
Table 54: Leading Players in the European Steam Turbines
Market (50-100 MW Segment) - 2006: Percentage Breakdown of
Number of Units Sold for Siemens/Alstom, Ansaldo, Babcock
Borsig Power, Dresser Rand, GE Nuovo Pignone, GE Power
Systems, MHI, and Skoda (includes corresponding
Graph/Chart) III-39

Table 55: Leading Players in the European Steam Turbines
Market (100-300 MW Segment) - 2006: Percentage Breakdown
of Unit Sales for Alstom, Ansaldo, GE Power Systems, MHI,
Siemens, and Skoda (includes corresponding Graph/Chart) III-40
B.Market Analytics III-40
Table 56: European Recent Past, Current & Future Analysis
for Thermal Power by Geographic Region - France, Germany,
Italy, UK, Spain, Russia, and Rest of Europe Markets
Independently Analyzed with Annual Generation Figures in
Billion Kilowatt-hours for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-40

Table 57: European Long-term Projections for Thermal Power
by Geographic Region - France, Germany, Italy, UK, Spain,
Russia, and Rest of Europe Markets Independently Analyzed
with Annual Generation Figures in Billion Kilowatt-hours for
Years 2011 through 2015 (includes corresponding Graph/Chart) III-41

Table 58: European Historic Review for Thermal Power by
Geographic Region - France, Germany, Italy, UK, Spain,
Russia, and Rest of Europe Markets Independently Analyzed
with Annual Generation Figures in Billion Kilowatt-hours
for Years 1991 through 2000 (includes corresponding
Graph/Chart) III-42

Table 59: European 15-Year Perspective for Thermal Power by
Geographic Region - Percentage Breakdown of Generation for
France, Germany, UK, Italy, Spain, Russia, and Rest of
Europe Markets for Years 1998, 2008 & 2012 (includes
corresponding Graph/Chart) III-42

4a. France III-43
A.Market Analysis III-43
Table 60: Electricity Generation in France (1980-2000):
Percentage Breakdown by Fuel Source - Hydro, Nuclear, and
Others (includes corresponding Graph/Chart) III-43
Strategic Corporate Developments III-44
Electricite de France - A Key Player III-45
B.Market Analytics III-45
Table 61: French Recent Past, Current & Future Market
Analysis for Thermal Power with Annual Generation Figures in
Billion Kilowatt-hours for Years 2001 through 2010
(includes corresponding Graph/Chart) III-45

Table 62: French Long-term Projections for Thermal Power
with Annual Generation Figures in Billion Kilowatt-hours for
Years 2011 through 2015 (includes corresponding Graph/Chart) III-46

Table 63: French Historic Review for Thermal Power with
Annual Generation Figures in Billion Kilowatt-hours for
Years 1991 through 2000 (includes corresponding
Graph/Chart) III-46

4b. Germany III-47
A.Market Analysis III-47
Power Generation in Germany - A Historic Review III-47
Table 64: Electricity Generation in Germany (1991-2001):
Percentage Breakdown by Fuel Source - Thermal, Nuclear,
and Hydro (includes corresponding Graph/Chart) III-47
Nuclear Power Replacement - What the Future Beholds? III-48
Surge in Solar Thermal Energy Market III-49
Strategic Corporate Developments III-49
Key Players III-50
Power Generation III-50
E.ON Energie AG III-50
EnBW Energie Baden-Wuerttemberg AG RWE AG III-50
Vattenfall Europe AG III-50
Power Generation Equipment Manufacturer III-51
Siemens AG III-51
B.Market Analytics III-51
Table 65: German Recent Past, Current & Future Market
Analysis for Thermal Power with Annual Generation Figures in
Billion Kilowatt-hours for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-51

Table 66: German Long-term Projections for Thermal Power
with Annual Generation Figures in Billion Kilowatt-hours for
Years 2011 through 2015 (includes corresponding Graph/Chart) III-52

Table 67: German Historic Review for Thermal Power with
Annual Generation Figures in Billion Kilowatt-hours for
Years 1991 through 2000 (includes corresponding Graph/Chart) III-52

4c. Italy III-53
A.Market Analysis III-53
Table 68: Thermal Power Generation in Italy (1999-2010):
Percentage Breakdown by Fuel Type - Oil, Gas, and
Multi-Fuel (includes corresponding Graph/Chart) III-53
Strategic Corporate Developments III-53
Key Players III-54
Ansaldo Energia III-54
Enel S.p.A. III-54
Table 69: Enel’s Focus On Renewables (2007): Percentage
Breakdown of Power Production by Renewable Energy Sources -
Geothermal, Mini-Hydro, Wind, and Others (includes
corresponding Graph/Chart) III-55

Table 70: Enel’s International Net Energy Production Mix
(2007): Percentage Breakdown of Power Production by Fuel/
Energy Source - Nuclear, Coal, Other renewables, CCGT,
Oil & Gas, and Hydro (includes corresponding Graph/Chart) III-55

B.Market Analytics III-55
Table 71: Italian Recent Past, Current & Future Market
Analysis for Thermal Power with Annual Generation Figures in
Billion Kilowatt-hours for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-55

Table 72: Italian Long-term Projections for Thermal Power
with Annual Generation Figures in Billion Kilowatt-hours for
Years 2011 through 2015 (includes corresponding Graph/Chart) III-56

Table 73: Italian Historic Review for Thermal Power with
Annual Generation Figures in Billion Kilowatt-hours for
Years 1991 through 2000 (includes corresponding
Graph/Chart) III-56

4d. The United Kingdom III-57
A.Market Analysis III-57
Table 74: Installed Electricity Generation Capacity in the
UK (2005): Percentage Breakdown by Fuel Source - Thermal,
Nuclear, and Others (includes corresponding Graph/Chart) III-57
Regulatory Issues - A Historic Perspective III-57
Strategic Corporate Development III-58
Key Players III-58
Power Generation III-58
International Power Plc III-58
Table 75: International Power Plc (2007): Percentage
Break down of Power Production by Fuel Type - Gas, Coal,
Oil, Wind, Hydro, and Others (includes corresponding
Graph/Chart) III-58
Power Generation Equipment Manufacturer III-59
Rolls-Royce Plc III-59
B.Market Analytics III-59
Table 76: UK Recent Past, Current & Future Market Analysis
for Thermal Power with Annual Generation Figures in Billion
Kilowatt-hours for Years 2001 through 2010 (includes
corresponding Graph/Chart) III-59

Table 77: UK Long-term Projections for Thermal Power with
Annual Generation Figures in Billion Kilowatt-hours for
Years 2011 through 2015 (includes corresponding Graph/Chart) III-60

Table 78: UK Historic Review for Thermal Power with Annual
Generation Figures in Billion Kilowatt-hours for Years 1991
through 2000 (includes corresponding Graph/Chart) III-60

4e. Spain III-61
A.Market Analysis III-61
Table 79: Installed Electricity Generation Capacity in
Spain (2005): Percentage Breakdown by Fuel Source - Thermal,
Hydro, Nuclear, and Others (includes corresponding
Graph/Chart) III-61
Regulatory Issues - A Historic Perspective III-61
Strategic Corporate Developments III-62
Key Player III-62
ENDESA S.A. III-62
B.Market Analytics III-63
Table 80: Spanish Recent Past, Current & Future Market
Analysis for Thermal Power with Annual Generation Figures in
Billion Kilowatt-hours for Years 2001 through 2010
(includes corresponding Graph/Chart) III-63

Table 81: Spanish Long-term Projections for Thermal Power
with Annual Generation Figures in Billion Kilowatt-hours
for Years 2011 through 2015 (includes corresponding
Graph/Chart) III-63

Table 82: Spanish Historic Review for Thermal Power with
Annual Generation Figures in Billion Kilowatt- hours for
Years 1991 through 2000 (includes corresponding
Graph/Chart) III-64

4f. Russia III-65
A.Market Analysis III-65
Table 83: Electricity Generation in Russia (2005):
Percentage Breakdown by Fuel Source - Thermal, Hydro, and
Nuclear (includes corresponding Graph/Chart) III-65
Focus on Exports III-65
Attracting Investment Assumes Prime Importance III-65
Restructuring Programs in early 2000 III-66
Table 84: Investments in Russian Power Sector (2001-2020):
Percentage Breakdown by Fuel Source on a Five-Year Period
Basis - Thermal, Nuclear, Hydro, and Others (includes
corresponding Graph/Chart) III-66
Stra tegic Corporate Developments III-67
B.Market Analytics III-70
Table 85: Russian Recent Past, Current & Future Market
Analysis for Thermal Power with Annual Generation Figures
in Billion Kilowatt-hours for Years 2001 through 2010
(includes corresponding Graph/Chart) III-70

Table 86: Russian Long-term Projections for Thermal Power
with Annual Generation Figures in Billion Kilowatt-hours
for Years 2011 through 2015 (includes corresponding
Graph/Chart) III-70

Table 87: Russian Historic Review for Thermal Power with
Annual Generation Figures in Billion Kilowatt- hours for
Years 1991 through 2000 (includes corresponding
Graph/Chart)