|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.|
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.
Imminent retirements of a large volumes of coal-fired power generation capacity in the eastern PJM Interconnection region in the United States is forecast to increase electricity prices by around $3-4/MWh for on-peak hours and $1-2/MWh for off-peak hours, a study by the Brattle Group finds.
Gas supply to Dabhol, India's largest gas-fired power plant (1,967 MW) has received a boost with the opening of the 1,000 km Dabhol-Bengaluru gas pipeline by Prime Minister Manmohan Singh.
Fast-ramp power provider, APR Energy, has signed a contract to deliver and install a 40MW gas turbine plant in Angola. The unit will utilise GE’s mobile gas turbine technology and follows a strategic alliance between APR and GE announced in October.
U.S. power producers, Capital Power and Enmax, have announced plans to jointly develop a 1,050MW gas-fired power plant west of Edmonton, Alberta. The two unit plant will be located near the site of the existing Genesee coal-fired operation with construction expected to be completed between 2018 and 2020.