Siemens AG today has posted a 25% fall in its first-quarter net profit, as the Power and Gas division was hit by lower margins in the large gas turbine and steam business as well as fewer large orders. "No other business in the company has such a pronounced need for action," Siemens CEO Joe Kaeser said, while defending the $7.6 billion Dresser-Rand acquisition.
Finnish engine manufacturer Wärtsilä will supply a 19-megawatt Smart Power Generation plant to Montana-Dakota Utilities (MDU) in Sidney, Montana. The plant will supply peaking power for the remote Bakken oilfields in Eastern Montana.
The Indian government will decide by March whether it will hand over operation of the idled 1,967 MW Dabhol power plant to private parties. The gas-fired plant is currently managed by Ratnagiri Gas and Power (RGPPL), but it has been crippled by ongoing shortages in gas supply.
A power failure on Sunday plunged major cities in Pakistan, including the capital Islamabad, into darkness. Blackouts were caused by the breakdown of a key 500 kV power transmission line in the south of the country, carrying electricity from Hubco power plant.
Mexico aims to add a huge 66 GW of power capacity over the next 15 years, according to energy minister César Hernández. Natural gas is expected to provide 72% of the total electricity generated in Mexico by 2017, with supply set to come mostly from the U.S. via pipelines until the time when domestic reserves are fully developed.
The government of the Philippines has set aside $37 million to procure diesel oil for the 1,200 MW Ilijan combined cycle power plant, backing a switch from natural gas to liquid fuel. This rather unusual plant conversion is caused by depleting domestic gas supplies, so diesel has to be used to avert the risk of power shortages.
Atlantic Power Corp has struck a deal with the Ontario Power Authority and its successor, the Independent Electricity System Operator (IESO), to operate the Tunis power plant for a 15-years period, starting from November 2017. The contract requires the plant to end baseload power supply and to become fully dispatchable.
California-based Bloom Energy has reportedly raised an additional $130 million to fund expansion of its fuel cell technology, adding to the $1.2 billion raised earlier to develop its Energy Server system.
Peru's power utility EnerSur has placed an order with Siemens for three SGT6-5000F gas turbines to be installed in the project Nodo Energético del Sur - Planta N° 2. Start of commercial operation is scheduled for March 2017.
The North American Electric Reliability Corporation's (NERC) has declared a number of regions in the U.S. at risk of supply outages this winter due to demand increases but believes capacity should be sufficient to meet normal peak loads.
Two GE 7HA.02 gas turbines are set to replace three coal-fired units at the 55-years old Thomas H. Allen Fossil Plant to help the operator Tennessee Valley Authority (TVA) meet emission reduction agreements with U.S. Environmental Protection Agency (EPA).