Seeking to secure attractively-priced LNG for its power plant fleet, Thailand’s state-run Electricity Generating Authority (EGAT) has announced it will hold a bidding round in May and June. To qualify, interested bidders need to register by April 18. EGAT will then shortlist participants for the first auction in early May.
With more than a third of Germany’s electricity generated by renewables, the number of Power-to-X projects has surged in a bid to make use of this intermittent energy supply. Over 35 plants with over 50 kW of installed electrolysis capacity will be in operation by 2022 in Germany alone, according to forecasts by certification service provider TÜV SÜD.
Investment in wind power is largely driven by China, where removal of regulatory restrictions in the country's northern provinces sparked a 2 GW, or 37%, rise in 2018 to a total installed capacity of 5.6 GW. Worldwide, nearly 52.2 GW of net wind power capacity was added last year – a 4% annual rise, according to Wood Mackenzie’s Global Wind Power Market Outlook Update: Q1-2019.
Renewable generation in the United States has nearly doubled over the past ten years, reaching a new record of 742 million MWh of electricity, or 17.9% of the total U.S. power supply. Amid a steep drop in construction costs, the contribution of wind and solar surged to nearly 90% installed renewable capacity, and the IEA anticipates more capacity additions in the near-term future.
Chart Industries and Indian Oil Corp, owner of India’s first East Coast LNG import terminal at Kamarajar Port, Ennore, have entered a cooperation to promote LNG developments in India. In focus are modular liquefaction and regas technologies, which could spur new decentralized LNG-to-Power projects and alleviate gas shortage for some of India’s stranded power plants.
State-owned GAIL India, the country’s largest gas transmission operator, has contracted Siemens to install its remote diagnostic services at 29 gas turbines operating across GAIL’s Hazira-Vijaipur-Jagdishpur gas pipeline and the Vijaipur C2/C3 power plant.
As renewable energy combined with batteries are becoming part of modular power networks, natural gas the ideal fossil fuel source to supplement these power networks, says Craig Wilkins, Director Prime Power at Cummins. Headquartered in Indiana, U.S., the manufacturer has responded to the intermittency challenge of renewable power supply with the launch of its HSK78G gas-powered generator.
U.S. gas pipeline operator Williams and the Canada Pension Plan Investment Board (CPPIB) have set up a US$3.8 billion joint venture that centers around Williams' Ohio Valley Midstream (OVM) and Utica East Ohio (UEO) Midstream systems. CPPIB agreed to invest about $1.34 billion for a 35% ownership stake in the joint venture, while William will retain the majority stake.
SSE, one of the UK’s Big Six energy companies with more than 7 million customers, has chosen Contigo’s energy nomination and scheduling platform, enVoy, for electronic data transfer with National Grid. Since going live, the system already handled approximately two million submissions.
The President of Serbia, Aleksander Vucic, has confirmed his government is evaluating ways to support the construction for four gas-fired power plants and several LNG import terminals in a bid to encourage the country’s re-industrialization.Gazprom Energoholding offered to build and partially finance most of the proposed power plants.
Fitch Group affiliate BMI Research expects natural gas will contribute more than half of the UK’s electricity needs in less than 10 years, up from currently about 45%. Gas gains importance in the UK power sector amid Government policies to exit coal power by 2025, and as private investors cancelled some new nuclear power projects.
Aspiring full electrification by 2030, the Government of Myanmar has vowed to fast-track several gas-fired power projects as it aims to add some 3,000 MW to effectively double the country’s installed capacity over the next two to three years. Realizing this plan comes with a price tag of $5.16 billion, according to estimates by Myanmar’s Ministry of Electricity and Energy (MOEE).
Singapore-based Sembcorp Industries has achieved first fire at it S$420 million (US$310m) Mandalay combined-cycle gas turbine power plant in Myanmar. With an installed capacity of 225 MW, the new Mandalay power plant is Myanmar’s biggest and most efficient CCGT, capable to generate up to 1,500 Gigawatthours (GWh) of electricity per year.
Works on $11 billion Nord Stream-2 twin pipeline project are 34% complete, with over 830km of pipes having been laid in the Baltic Sea to date, the Gazprom and Uniper chairmen, Alexey Miller and Bernhard Reutersberg said after a meeting in Moscow. Uniper is a key customer of Russian gas supplied through the 55 Bcm/y Nord Stream-2 interconnector.
China has chosen April 1 as the date when two-digit reductions in Value-Added Tax (VAT) will have to be implemented by key industries, including electric power producers, in bid to lower fuel costs and ultimately reduce electricity prices. Manufacturing companies will benefit from 13% to 16% VAT cuts, while construction and transport firms will pay around 10% less VAT and industrial users of thermal coal, including power producers will see VAT drop by 3%.