Mitsubishi Hitachi Power Systems (MHPS) has received the first order for its pressurized power generation system, integrating solid oxide fuel cell (SOFC) stacks with micro gas turbines. The hybrid system is being installed in the Marunouchi building in Tokyo, owned by Mitsubishi Estate Co.
The Finish technology group Wärtsilä has set up a new global Wärtsilä Customer Support Centre (CSC) to strengthen its customer service and handling of enquiries relating to spare parts, field services and technical support.
Reacting to a “collapse in demand” in the worldwide market for fossil power generation, Joe Kaeser, the man at the helm of Siemens, today confirmed the company will shed 3,000 jobs in the fossil power plant sector in Germany over the next two years. “The massive decline in demand in this sector is not a “Siemens problem,” he stressed. ”It is the consequence of a massive – in part, over 40% – decline in the world market and of price erosion of over 30%."
Supply of natural gas from Mozambique’s Coral Floating Liquefied Natural Gas (FLNG) project has the potential to revive South Africa’s subdued gas-based Independent Power Projects (IPPs). “South Africa has explored a gas-to-power programme and Coral FLNG is a future potential physical supplier to that scheme, noting the low shipping costs involved,” commented Standard Bank’s head of oil & gas Southern Africa, Paul Eardley-Taylor. Together with the Industrial and Commercial Bank of China (ICBC), Standard Bank invested about $8 billion in Coral FLNG, making it the project’s largest lender.
Construction of Duke Energy’s 1,640-MW combined-cycle gas power plant in Citrus County is nearly three-quarters finished. Breaking ground in March 2016, the CCGT is located at Duke’s Crystal River Energy Complex. Start-up of the first 820-MW unit is targeted for mid-2018.
Efficiency of a 2,000 MW power transmission link between France and the UK is being enhanced through the installation of four high-voltage direct-current (HVDC) transformers, delivered by Siemens on behalf of the British grid operator National Grid. Works are due to be completed by mid-2019.
Eco-friendly combined cycle power plants are serving as a “bridge” for South Korea along the road of an energy paradigm shift from nuclear power and coal-fired plants towards new and renewable energies, according to Kim Kyung-won, president of Korea District Heating Corp. (KDHC). Kim pointed out the strengths of the recently commissioned 800-MW Dongtan CCGT which powers Dongtan, a new town under development near Hwaseong City.
PetroVietnam Gas has filed for government approval to divest 30% of its stock to a strategic partner by 2020. Reacting to this news, Shell, Total and Anglo-Dutch Energy stepped forward and are understood to have expressed interests in purchasing the stake in PV Gas.
Northern Region Cement Company (NRCC) has signed a new three-year asset management agreement with Wärtsilä the power plant in Turaif, Saudi Arabia. The deal extends a previous operation and maintenance (O&M) agreement and will see Wärtsilä ensure the reliability and availability of the 62-MW unit.
Global Power Synergy Public Company (GPSC) has awarded Pöyry with an owner's engineer services assignment for Central Utility Plant 4 in Rayong, Thailand. Construction of phase-1 includes a gas-fired cogeneration unit with an output of 48-MW electric power and 140 tons per hour (t/h) of thermal energy.
Diversifying beyond its oil & gas business, Shell has spent over $400 million on a range of acquisitions in solar power and electric car charging points – but investments are not limited to green energy. Shell, similar to its rivals BP, ExxonMobil and Chevron, also anticipates that natural gas will power the surge in electric vehicles for years to come.
Mitsubishi Hitachi Power Systems (MHPS) has been awarded a contract by Iraq’s Ministry of Electricity (MOE) to refurbish and upgrade the war-damaged Hartha power plant in Basra Province. Hit in the ongoing conflict in southern Iraq, the Hartha plant currently runs at just 60% of its rated capacity. Refurbishment work, meant to swiftly restore the output of Unit-4 to 200 MW, is due for completion in 2020.
Tightening supply of thermal coal ahead of the Lunar New Year risks to cause power shortages in some of China’s northern metropolis, regional utilities warned. In a letter to the National Development and Reform Commission (NDRC), four electric utilities pleaded the government to ease regulations that incentives a switch from coal to gas and increase coal supplies temporarily in order to put a lid on spiraling prices.
Surging shale gas production in the three Appalachian states – Ohio, Pennsylvania, and West Virginia – is exceeding regional demand and keeps pushing down prices. The prolific Marcellus and Utica Shale increased their combined share in total US gas production from 2% in 2008 to currently 27%, according to EIA figures, while gas consumption in the Appalachian region has grown due to the power sector, but to a much lesser extent.
The February 2018 futures contract for natural gas on the New York Mercantile Exchange (NYMEX) is trading at a discount to the current spot price. This pricing pattern provides economic incentives to withdraw natural gas from storage to avoid exposure to the spot market.