National Grid has disclosed the register on the T-4 Capacity Auction for 2019-20, showing that all the 13 GW of capacity that had initially failed to pre-qualify has now been granted access on appeal. Analysts at Cornwall Energy warn this excess of auction supply to demand would lead to an anticipated clearing price of £14/kW-£16/kW - far too low to support new-build gas power projects.
Retorting allegations that Chinese funding is vital to realise a mega gas-fired power project in Bhikki, the Punjab chief minister Shahbaz Sharif stressed the regional government is building the 1,180 MW project “from its own resources” with a view to supplying supply electricity to the entire country.
Should the conversion of the Kemper plant not be completed by April 19, 2016, Southern Co. will have to repay $234 million in phase II investment tax credits to the U.S. Internal Revenue Service (IRS). The ageing coal plant is to be transformed into an integrated gasification combined cycle (IGCC) – but costs are already billions over budget.
Edging closer to finalising a strategy to keep conventional power capacity operational in the future, the German government is aiming for a transnational solution: "We have to develop a capacity [remuneration] mechanism but this has to be developed in a synchronised way with our neighbours. We need an overall system," Uwe Beckmeyer, parliamentary state secretary in the economy and energy ministry said.
Installed electricity generation capacity in Ghana is currently insufficient to meet demand, due to a lack in affordable and reliable fuel supply. Though substantial offshore gas reserves were discovered in 2007, the question is how much of this gas bounty will be earmarked for the domestic market rather than for export.
Operators of gas power plants in India, with a combined capacity of 8,262 MW, have bid in the second reverse e-auction for a subsidy to buy costly imported and regasified liquefied natural gas (RLNG). Operators of 13 stranded plants, supplying electricity mostly to southern India, emerged as the successful bidders.
Bowing to industry pressure, the US Environmental Protection Agency (EPA) has included a so-called safety valve in its 'Clean Power Plan' that eases compliance with emission restrictions, if a power plant is deemed 'system relevant' and would be required to stay operational to guarantee regional stability of electricity supply.