Daily News

As China is following through on plans to expand its power grid and regional connectivity, the country topped the global transmission tower market with a market of $3,963 million in 2016, followed by India with $2,058 million. According to a GlobalData forecast, China’s market will exceed $4,259 million by 2021.

Published in Projects & Finance

US manufacturers Koch Industries and Dow Chemical are lobbying against the plan of Energy Secretary Rick Perry to subsidize nuclear and coal as a fuel for power generation. In a letter to Congress, manufacturers dismissed the Department of Energy’s (DoE) plan as “anti-competitive” and said it could distort or “destroy competitive wholesale electricity markets and increase the price of electricity to all consumers.”

Published in Regulation & Policy

Oct 10 – The global market for gas turbine is growing at an annual rate of 5.3% to reach $24.12 billion by 2020, according to htfmarketreport. Increasing demand distributed power generation, technology advancement, and more stringent regulations on carbon emissions are fuelling the market growth.

Published in Brief news

Commentators have openly rebuked US Energy Secretary Rick Perry’s proposal for a bailout of coal and nuclear power plants. In a letter to FERC, Perry had directed the regulator to set up a rule, offering plants that can store 90 day’s worth of fuel onsite some extra compensation. Critics dismissed this plan as “nuts” as it would interfere in America’s unregulated wholesale power market, effectively reducing the price of electricity generated from burning coal.

Published in Regulation & Policy

Strikingly, South Korea’s year-to-date LNG demand has risen by over 4 million tons – contrary to expectations it would fall. Yet very little of this demand strength comes from the power sector; according to Energy Aspects, Korea’s LNG appetite this year has been more down to expansion of LNG import facilities with players having bought cheap spot cargoes on spec and put the gas into storage.

Published in Markets

Growing economies in Asia-Pacific and the Middle East spur new power generation projects which drives up the market value of the global transmission tower market from $13.05 billion last year to $13.46 billion in 2021.The Asia-Pacific region led the market in 2016 in terms of market value witnessing $7.50 billion and is expected to reach $7.93 billion by the end of the forecast period. According to GlobalData analysis, the market in the region is “mainly driven by new investments to develop a ‘new age’ grid.”

Published in Markets

Alarmed about the scale of gas shortages in Australia, Prime Minister Malcolm Turnbull is considering restrictions on LNG exports from Australia’s eastern coast. Santos, Shell and ConocoPhillips have been urged to help plug an estimated shortfall of up to 17% of market demand in 2018.

Published in Markets

Having moved to a competitive market, Mexico’s Energy Regulatory Commission (CRE) released its first monthly price report on August 18 which shows that Mexican marketers sold gas at $4.10/mmBtu on average in July. CENAGAS, Mexico’s pipeline system operator also launched its natural gas capacity reservation system with electronic bulletin boards for posting natural gas flows.

Published in Markets

Decentralisation, decarbonisation and electrification of vehicles are unravelling the way electricity is generated, consumed and accessed. In the view of Shayle Kann, head of GTM Reserach, “this could be the most dramatic transformation of electricity for a century.”

Published in Markets
Wednesday, 02 August 2017

Coiled turbine market at 7% CAGR

Aug 2 – The coiled turbine market, by service, is seen expanding at a compound annual growth rate (CAGR) of 6-7% to reach an estimated $4.4 billion in 2020. North America is the largest market for coiled turbine (CT), both by value and by active fleet count.  The United States in 2013 held the major share of the active fleet count of more than 59%, spurred by the surge of shale gas drilling activities, with analyst seeing further growth potential for ultra-deep CT services.

Published in Brief news
Page 1 of 7

News in Brief

Dong to remotely operate UK peaking plants

Oct 17 – Denmark’s Dong Energy has agreed with GAM Capital and its project development arm in the UK, Gas Power Developments, to manage the remote control and market optimization of three 6 MW gas power stations. The three gas peaking plants are Prestige House, Newhouse and Clay Flatts, located in Lancashire and Cumbria.

'Generation Energy' debate launched in Canada

Oct 16 – ‘Generation Energy’ has been kickstarted at a forum in Winnipag as a society-wide debate on the pathways to an affordable, low-carbon energy future for Canada. The share of renewables in Canada’s power mix exceeded 65% last year, with 90% of the total derived from hydropower. Prior to the event, Canada’s Minister of Natural Resources Jim Carr met bilaterally with IEA head Dr Fatih Birol to provide input to Canada’s Presidency of the G7 in 2018.

MHPS starts manufacturing turbines in Dammam

Oct 13 – MHPS Saudi Arabia, a subsidiary of Mitsubishi Hitachi Power Systems, has opened its new Turbine Rotor Repair Facility in Dammam today. The Japanese manufacturer announced plans to plans to manufacture its most advanced gas turbines in the Saudi kingdom, and use the new facility to service compressors and turbines used in petroleum and chemical plants.

Azura-Edo IPP to startup 8 months early

Oct 12 – Azura Power Holdings has announced that its 450 MW Auzura-Edo Independent Power Project (IPP) will be ready to start operations eight months ahead of schedule. First fire is planned in December this year, for commissioning to be finalised for a start-up in May 2018.

Evaluating GT owners take on dry air injection

Oct 11 – Sargent & Lundy has been hired by gas turbine (GT) owners to analyze the impact of Turbophase dry air injection system at different site conditions. Turbophase installed on multiple gas turbine frames over the past years, clocking up thousands of run-time hours.

Gas turbine market tops $24bn by 2022

Oct 10 – The global market for gas turbine is growing at an annual rate of 5.3% to reach $24.12 billion by 2020, according to htfmarketreport. Increasing demand distributed power generation, technology advancement, and more stringent regulations on carbon emissions are fuelling the market growth.

Trump nominates pro-coal lawyer as EPA deputy

Oct 9 – US President Donald Trump has nominated Andrew R. Wheeler, a lawyer whose clients include the coal mining firm Murry Energy, as the deputy administrator of the Environmental Protection Agency (EPA). Wheeler opposes Obama’s Clean Power Plan and supported the US coal industry’s opposition to the Paris Climate Agreement.

Tokyo Engineering to finish new Azeri CCGT by May 2018

Oct 6 – Japan’s Tokyo Engineering Corp is building a new combined-cycle gas power unit at the Shimal power plant in Baku. The 409-MW unit is schedule to start full commercial operation in May 2018. Project costs, estimated to exceed $330 million, are partly covered by a $275 million loan from the Japan Bank for International Cooperation (JBIC).

Spain’s gas demand up 13% in September

Oct 5 – Demand for natural gas in Spain has increased by 13% to 26,153 GWh in September, the highest level in the past five years. Gas-burn in the power sector was up 44% month-on-month, reaching 7,085 GWh.

Capstone to deliver C1000s to Italy

Oct 4 – Capstone Turbine Corp has received an order for a C1000 Signature Series microturbine to provide combined cooling, heat and power (CCHP) for a large cured meat company in Veneto, Italy. IBT Group, Capstone’s Italian distributor, secured the order for the plant, which is due to be commissioned in early 2018.

Marubeni invests in biomass co-fired plant

Oct 3 – Marubeni Thermal Power has signed a shareholder agreement with Tokuyama and Tokyo Century Corp to invest in the latter’s the construction and operation of a biomass co-firing power project in Shunan City. Preparation for construction works are getting underway this month, for a start of commercial operation in 2022.

Puerto Rico powered by fuel oil in the wake of Hurricane Maria

Oct 2 – Puerto Rico Electric Power Authority (PREPA) is busy trying to restart power plants as well as transmission and distribution lines after Hurricane Maria hit the island earlier this month. In the absence of firm natural gas supply, PREA turned to Puma Energy to purchase fuel oil for emergency power generators.

Wärtsilä helps boost offgrid power in India

Sept 29 – Wärtsilä’s Indian office is supporting Arkay Energy (Rameswarm) to boost electrical output and productivity of its 150 MW baseload power plant in Ramanathapuram, Tamil Nadu, in southern India. An O&M deal for the plant's 16 Wärtsilä 34SG engines was renewed in June 2017 for another five years.

GE builds Turkey’s largest generator transformer at Gebze

Sept 28 – TERNA, the construction arm of GEK TERNA Group, has asked GE to manufacture what will become the Turkey’s largest generator transformer. The 820 MVA is being built in Gebze and scheduled for completion in mid-2018, when it will be installed at the Ptolemais power plant in Greece.

PowerLink IP launched

Sept 27 – Siemens has launched PowerLink IP, a power line carrier (PLC) for digital high-voltage substations. It uses the high-voltage lines between the substations as a channel by overlaying a modulated carrier frequency on the frequency of the transmission voltage in the overhead lines.

Hyundai wins 1st EPC contract in Nigeria

Sept 26 – Kingline Development Nigeria has awarded a $330 million contract to Hyundai Engineering to carry out a engineering, procurement and construction (EPC) for a power plant in Ondo, Nigeria. The 550 MW simple-cycle gas power plant will be Hyundai’s first EPC project in Nigeria, the South Korean company said. The Ondo OCGT will be built some 170km northeast of Lagos.

Australia: Cap on LNG exports looms large

Sept 26 – Santos, Shell and ConocoPhillips face restrictions on exporting liquefied natural gas (LNG) from Australia’s east coast in 2018 if they fail to prevent a projected 17% shortfall in domestic supply. Prime Minister Malcolm Turnbull said he would press the east coast LNG exporters to plug the 110 petajoules supply gap.