Amber Rudd, the UK energy secretary, is willing to hold a consultation on plans to close all unabated coal-fired power stations by 2025 and restrict their use from 2023. This may water-down her initial proposal, although Rudd is adamant about the urgency of more gas power generation.
Power production today resumed at the 1,967 MM Dabhol plant, after the Indian Railways have thrown a life line to its debt-ridden operator Ratnagiri Gas & Power. The deal allows for a partial 500 MW restart, although the electricity is sold at a discount of Rs 4.75 per unit – nearly half the rate at which the railways earlier procured.
Targeting to bring its South Humber Bank Power Station back to full service in 2017, Centrica has freed up £63 million to overhaul the 1,285 MW CCGT with the aim of keeping it up and running until 2027.
Reacting to Russian warnings of a halt in gas and coal supplies to Ukraine, workers in Kherson Oblast have started repairing one of four sabotaged pylons that carry power lines to the Crimean peninsula.
Helsinki-headquartered Wärtsilä has launched a service offering to help customers seize the opportunities from digitalisation. The new ‘Genius services’ are targeted at marine, energy and oil & gas markets, allowing “customers to “benefit from effective use of real-time data.”
The UK treasury confirmed that following Chancellor George Osborne’s autumn statement, the £1bn ring-fenced capital budget for the Carbon Capture and Storage (CCS) Competition is “no longer available.” Cuts on CCS development come in a stark contrast to new research commitments on small nuclear reactors.
Having agreed to contribute 20% of the equity capital for the St. Joseph Energy Center, Toyota Tsusho Corp of Japan will participate in its construction and operation. The combined-cycle power plant project, with a nameplate capacity of 675 MW, is realised by Development Partners Group in Indiana, US.
With prices for crude oil, thermal coal and European gas having fallen further over the summer, Societe Generale analysts do not anticipate any “meaningful recovery” for power prices. Unscheduled cross-border flows of excess low-cost wind power from Denmark and northern Germany add supply uncertainty.
China's National Energy Administration is targeting to produce 50 Bcm of gas from coal by 2020, enough to satisfy 10% of gas demand from industries and power producers. Turning to coal gasificiation would allow China to utilise a domestically abundant fossil resource in a cleaner way, while reducing dependence on Russian pipeline gas or LNG imports.
Fossil power plant operators have to decide by year-end on whether to keep their units in the EU’s limited life derogation (LLD) scheme or rather enlist them in a transitional national plan (TNP). The first option restricts run-time hours from January 1, 2016, while Britain’s TNP gives the operator until 2020 to invest in emission abatement. RWE, EDF and SSE already entered several plants into the LLD – but this decision is rescindable until December 31.
Though announced already in January 2013, plans to build an 800 MW gas power plant in Brownsvillle, Texas, have ground to a halt. According to a Fitch Rating report, Tenaska, one of the project partners, has not managed to sign up buyers for most of the electricity the CCGT would generate.
Tapping Australia’s coal seam gas (CSG) in Queensland, has brought about the need to deliver electricity in remote locations – way off the main power grid. Diesel used to be the prime fuel source for remote power, but with the abundance of CSG, it makes logical sense – not least for Clarke Energy – to provide electricity from this fuel source.