Plans for another FRSU with 17 mtpa regas capacity and an onshore LNG terminal show the government of Bangladesh “is clearly in support to boost its LNG supply,” Wood Mackenzie comments. Already, private capital is being attracted to this sector with Summit Power, Reliance Power and Petronet looking to invest in these terminals.
GE’s second HA gas turbine order win in Mexico will see the American OEM provide equipment, services and digital solutions for the Tierra Mojada CCGT in Guadalajara, Mexico. Fisterra Energy, majority-owned by Blackstone Group, will be responsible for bringing power to the grid by December 2019 and selling it onto the new wholesale electricity market, created by Mexico’s Energy Reform.
Capacity-weighted average construction costs for many generator types have fallen in recent years throughout the United States. The average cost of natural gas generators installed in 2015 was $696/kW, a 28% decline from 2013. Nearly 75% of the natural gas capacity installed was combined-cycle units, which had an average installed cost of $614/kW.
Powerphase has closed an initial investment from Energy Impact Partners (EIP), an infrastructure fund that controls over 170 GW of generation capacity in their combined portfolios. EIP’s latest funds come as the first institutional round of capital for Powerphase, which seeks to speed up the global roll-out of its gas turbine products.
Though Centrica CEO Ian Conn told the BBC this morning that closure of its 3.4 Bcm Rough gas storage facility will not destabilize Britain’s gas supply – given the possibility to import LNG and source gas from Norway and the EU through several interconnectors – some analysts see it differently. Commenting on Centrica’s move, Wood Mackenzie analyst Graham Freedman said the decision not reopen Rough storage comes as “no surprise” and makes “good commercial sense” for Centrica. However, he believes the implications on the UK's future security of gas supply “will no doubt lead to a UK Government review of its position, particularly in light of current Brexit negotiations.”
Reliance Power still faces uncertainty over the source of LNG supply for its 718-MW gas-fired power plant project in Bangladesh, and is awaiting a government decision on the matter. The Indian energy company is the first to build a power plant that will run on regasified LNG in neighbouring Bangladesh; but to operate the plant near full capacity Reliance needs around 110 million cubic feet per day (mmcf/d) of natural gas as fuel.
Los Angeles Department of Water and Power (LADWP), California’s largest public-owned utility, is reconsidering plans to spend over $2 billion on natural gas and power infrastructure. The company’s board confirmed it "has put on hold all planned local repowering projects until a system-wide, in-depth, and independent study/analysis is conducted." Falling costs for renewables, and rising green energy supply, has inspired the California Senate to propose a 100% renewable energy target by 2045.
June 8 – Swedish Vattenfall has decided to spend nearly €100 million in a new power-to-heat asset (120-MWth) and in gas-fired heat-only boilers in Berlin Spandau. The district heating project in Spandau is one of the projects under the WindNODE umbrella, a model region in north-east Germany for intelligent energy. Construction works are scheduled to start in autumn this year with a view to commissioning the facility in 2019.
The International Energy Agency’s Tracking Clean Energy Progress (TCEP) has examined the progress of a variety of clean energy technologies towards interim 2°C scenario targets in 2025. Just three out of a total of 26 tracked technologies were classified as “advancing towards a sustainable energy transition”: onshore wind and solar, electric vehicles, and energy storage.
The 778 MW Stonewall Power Project, Panda Power Funds’ newest combined-cycle gas power plant in Leesburg, Virginia has started full commercial operation. ‘Stonewall’ is one of seven CCPPs, next to similar plants in Texas, Pennsylvania and Virginia with a combined capacity of 5.8 GW that were built on a turnkey basis by Siemens with its consortium partner Bechtel.