Falling costs for renewables and energy storage will squeeze out gas-fired generation in South Australia as early as 2025, Wood Mackenzie and GTM Research find. By then, wind, solar and battery costs are seen decline by 15%, 25% and 50% respectively – hence they offer a “lower cost alternative” to CCGTs, which cover the bulk of South Australia’s base load power today.
As war-torn Iraq seeks to raise electrification levels, it is becoming increasingly dependent on natural gas from neighbouring Iran to compensate for shortfalls in its domestic gas production. “New power stations are entering into service soon, hence the country’s need for gas imports,” Iraqi News quoted the electricity minister, Qasim Al-Fahdawi.
Unexpected shut-down of two of Nigeria’s power plants on Sunday has increased the number of idle plants to nine and made the nation’s electricity supply nosedive to just over 3,400 MW – a significant drop from last week’s average of 3,920 MW. The latest shut-downs, caused by gas shortages, affected the 625 MW Olorunsogo-II unit and the Trans-Amadi plant (25 MW).
Issuing a stark warning about the risk of power shortages from 2018, Sri Lanka's energy regulator has called on utilities to immediately start construction works for a first series of approved power plant projects. Pressure to add much-needed capacity has been put in particular on Ceylon Electricity Board (CEB), Sri Lanka’s main energy supplier.
California Independent System Operator (CAISO), the entity responsible for maintaining the balance between supply and demand for electricity throughout most of the state, had to resort to more power imports this summer as flexible gas generators could not fully balance the system amid fuel constraints.
In the aftermath of a month-long leak at SoCalGas’ storage, California is taking urgent measures to cap the gas use in the power sector. Looking ahead to the autumn and winter season, the State Energy Commission, CPUC and the California ISO evaluate the option of importing LNG.
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.
Santos, Australia’s third largest gas producer, has spent billions to realise an LNG export project – but now it is struggling to pump enough gas and has to purchase expensive local supplies to feed its Gladstone LNG facility. Power producers down under, meanwhile are facing fuel shortages and call for restrictions on gas exports.
Frequent blackouts and entire grid collapses have knocked nearly 4% off Nigeria’s GDP year after year, and fuel shortages leave much 11,600 MW installed gas power capacity sit idle. A Powerphase upgrade can add incremental power to existing, well-fuelled installations – avoiding investment in risky new-builds.
Power shortages in South Australia’s heavily wind-reliant electricity market have highlighted the urgency of developing backup capacity, the grid operator warned. Prices had surged tenfold to hit $14,000/MWh amid severe supply shortages, prompting policy makers to plea for the restart of a mothballed gas power station.