Keen to curb corporate debts, Calpine Corp has agreed to sell its 375 MW Mankato combined-cycle gas power plant to Southern Power for $395.5 million plus working capital. The CCGT, located in Minnesota, provides electricity to Northern States Power under a 20-year tolling agreement through July 2026.
Belfast Power Ltd has advanced its £280 million combined-cycle gas power project in the city’s harbour estate by securing over £5 million in funding from Crescent Capital. Proposed by the Greysteel brothers, the 400 MW CCGT project would be the first standalone CCGT project in Northern Ireland for over a decade.
Freeing up $165 million for phase-1 investment, GE officials have broken ground on a new multimodal “brilliant factory” in Welland, Ontario. The facility will initially manufacture reciprocating gas engines as well as components for compression, mechanical drive and power generation; production is due to start in early 2018.
After nine years of planning and months of quarrels with environmentalists, Tenaska this week broke ground on its 925 MW Westmoreland combined-cycle gas power station. Operational start-up is scheduled for late 2018 when the CCGT is meant to help set a new cost of electricity standard for the PJM region.
India’s state-run North Eastern Electric Power Corporation (Neepco) has been forced to delay and downscale its combined-cycle gas power project at Monarchak after ONGC more than halved gas supply. This meant that the 500 MW project could only be realized based on a 65.42 MW gas turbine and 36.25 MW steam turbine – ready to start as and when there'll be fuel.
Pacific Gas and Electric Company (PG&E) is working with GE on a pilot project on effective Distributed Energy Resource Management (DERM) in California. The aim is to maintain reliable operation of the distribution network with the increase in distributed energy through solar photovoltaic (PV) and battery storage.