|The Mexican Senate has approved far-ranging electoral reforms that open the path for energy sector reforms to follow, allowing state-controlled energy major Pemex to open up the sector to private investors. The bill has now been passed to the lower house of the Mexican parliament for review, with a vote expected by 15 December 2013.|
An announcement on whether the UK government will co-fund research for the world's first Carbon Capture and Sequestration (CCS) project for gas-fired power is expected 'early in the new year,'sources have told Gas to Power Journal. Initial funding of at least £20 million would provide for Front End Engineering Design (FEED) studies at Shell's Peterhead site in the North of Scotland to analyse and de-risk the costs of commercialising CCS technology.
U.S. power producer, Kentucky Power, has applied for a Certificate of Public Convenience and Necessity (CPCN) to convert the company's Big Sandy Power Plant from coal to gas power. The filing is currently under consideration by the Kentucky Public Service Commission (KPSC) and relates to Unit 1 of the plant, located near Louisa, Kentucky.
Representatives of the Philippines House of Congress will start investigations into a proposed electricity rate increase of P4.15 per kilowatt-hour (~$1/kWh) by state utility firm Manila Electric Co (Meralco), the government committee on energy has stated.
South Korea's demand for natural gas set to grow 1.75 on average to reach 35.3 million metric tons of oil equivalent in 2035, up from growth rates of 23.7 mtoe in 2011, sparked by a doubling of electricity consumption, according to projections of the Ministry of Trade, Industry and Energy.
Nigerian operator, Azura Power Holdings Ltd will receive funding of $130million from the investment company American Capital Energy & Infrastructure (ACEI). Azura is developing the Azura-Edo gas-fired power plant in Edo State, Nigeria and the funding is expected to be primarily for this project.
Denmark's state-owned Dong Energy announced today it has sold its gas-fired Severn power station (832 MW) in South Wales to a consortium of investors led by Australia's Macquarie Group for £350 million in cash.
Modest gas price increases in the U.S. are not likely to encourage electricity generators to switch to coal, analysts at Deutsche Bank predict. The loss in demand from electric utilities that would result from a gas price rise of $1/mmBtu versus coal is more than balanced by increased demand resulting from a single additional heating degree day (HDD), the report shows.
Political haggling continues over new US greenhouse gas emissions standards for existing power plants, due to be imposed by Environmental Protection Agency (EPA) in June 2014. Calling for "sensible regulations" based on proven technology, Paul Bailey, senior VP for Federal Affairs and Policy, ACCCE said "Performance Standards should be based on what is achievable... and states should have flexibility to implement them."
The UK government has agreed a Front End Engineering and Design (FEED) study for the White Rose project, paving the way for investment in large-scale Carbon Capture and Sequestration (CCS) technology at the site in North Yorkshire. The project is under development by Capture Power Limited, a consortium consisting of Alstom, Drax and BOC and aims to capture 90% of all the CO2 produced by a 426MW coal plant.