GAS TURBINE MRO MARKET ANALYSIS

Market News

Global Gas Turbine MRO Market: Recent Developments

• In September 2021, Siemens Energy, an energy company, partnered with Taiwanese EPC firm CTCI Corp. to build the Sun Ba Power Phase II, a combined cycle power plant. Siemens may also provide long-term service for the plant’s core components. The service contract includes long-term service over 25 years for both gas turbines, the generators, the steam turbine, and the heat recovery steam generators.
• In June 2021, Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, signed a 16-year long-term service agreement (LTSA) for the MOR services of six M701F gas turbines at Sidi Krir Power Station, El Atf Power Station, and Cairo North GTCC plants in Egypt. The company will offer services like maintenance, management, parts supply, and parts repair for gas turbines.
• In March 2021, General Electric, a company operates in aviation, power, renewable energy, digital industry, additive manufacturing, venture capital and finance, signed a 22-year agreement with Reliance Bangladesh LNG and Power Ltd. to provide maintenance services at the upcoming “Meghnaghat Power Plant” in Bangladesh. It includes equipment maintenance on the gas and steam turbines, and auxiliaries, with the implementation of plant-wide digital solutions.
• In February 2022, in order to develop MakerVerse, a one-stop on-demand 3D printing fulfillment platform, Energy technology company Siemens AG entered a joint venture project with metrology instrument manufacturer ZEISS. The company anticipates using this in the development of its gas turbines' maintenance, repair, and operations (MRO).