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Electricity Regulations in China Powers Third-Party Power Plant Service Providers

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Electricity Regulations in China Powers Third-Party Power Plant Service Providers

Mumbai, Maharashtra, India

The Chinese market for power plant service has received a substantial boost from the country's rapid development, huge energy demand, and infrastructure construction. However, one of the biggest drivers has been the electricity regulation, which compelled power plants to undergo massive reorganizations.

New analysis from Frost & Sullivan (http://www.energy.frost.com), Power Plant Services Market in China, reveals that the thermal power plant services market earned revenues of $3.05 billion in 2005 and estimates this to reach $5.96 billion in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Power Plant Services Market in China, then send an e-mail to Ravinder Kaur / Nimisha Iyer, Corporate Communications, at ravinder.kaur@frost.com / niyer@frost.com with your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.

Before the implementation of electricity structural reforms, a part of the grid profits could be allotted to the power plant to compensate for the cost of technology transformer or major overhaul. However, with the division of power grid and power plant, plants had to contend with a substantial loss in subsidies support and soaring coal prices.

To stay afloat, plants had to revise their processes and streamline the workforce to establish a highly efficient, well-coordinated operating mechanism. The maintenance personnel that were laid off by the plants have spun off as separate maintenance companies that provide services for parent power plant and others. This eliminates the need to provide alternate job opportunities or impart new skill sets to the discharged labor force.

Meanwhile, this restructuring opened up numerous prospects for third-party power plant service providers. They can now step in with solutions during outage or with preventive maintenance in existing power plants. Service providers can also offer contractual services for those plants without enough manpower or material resources in operating or maintaining activities.

"Plant service organizations that are either subsidiaries or semi-independent affiliates of state power plants are likely to continue to dominate the services market," says Frost & Sullivan Research Analyst Linda Yan. "In fact, some state power companies restrict the bidding process for maintenance, repair, and overhaul (MRO) contracts to their own services companies." Most of the routine MRO activities are undertaken by local subsidiary service companies.

To sustain this business, service providers will have to maintain beneficial relationships with power plants and promote their services among them. Moreover, with lines being drawn between power plants and power grid, the former has become more receptive to domestic third-party power plant services.

"In the thermal power plant segment, Chinese original equipment manufacturers (OEMs) have acquired most of the technologies and skills available globally through technology transfer agreements," says Yan. "Almost all power plants with the installed capacity below 300 MW adopt local-made power equipment." Hence, Chinese OEMs of a particular power plant will supply critical spares and provide training, even offer on-site instruction to MRO activities.

Power plant service providers will also feel encouraged by the spurt in power plant construction in China. This trend has created considerable demand for turnkey operation and maintenance (O&M) services.

"Independent power plants (IPPs) as well as commercial and industrial plants are inclined to adopt O&M services due to inadequate human and experiences, although MRO services are still the most popular," observes Yan. "Plant owners that adopt O&M services focus mainly on plant management and on-grid price."

The Power Plant Services Market in China is part of the Energy & Power Growth Partnership Service, which includes research services in the following markets: European industrial power plant maintenance repair and overhaul (MRO) strategies, North American small wind turbine markets, and ANZ power plant services markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com

Power Plant Services Market in China

Ravinder Kaur, Corporate Communications - South Asia & Middle East, Frost & Sullivan, +91 (044) 4204 4515 ravinder.kaur@frost.com

Danielle White, Corporate Communications - Global / North America, Frost & Sullivan, +1 210 247 2403 dwhite@frost.com

Source: Frost & Sullivan (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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