Over the next 30 years, India is predicted to be one of the fastest-growing economies in the world which is bound to propel up energy demand, yet how that growth will occur remains uncertain. If exports dominate India’s economic expansion, rather than investment or consumption, the High Growth case assumes a 1.1% higher GDP growth through to 2040.
Iraq’s Ministry of Electricity has handed a contract to Siemens to provide inspection and upgrade services for two power generation units at Al-Sadder power plant. This latest contract is part of a series of power plant upgrades that, once completed, will add 1,350 MW to the national grid, enough to supply approximately 20 million Iraqis with reliable electricity.
Mitsubishi Hitachi Power Systems (MHPS) has won an order for two sets of steam turbines for the Nghi Son-2 power project in Thanh Hoa province, Vietnam. The project, led by Marubeni and KEPCO, will have a total generating capacity of 1,330 MW, and is due to commence operations in 2022.
Improved execution of oil & gas upstream projects is now being achieved thanks to greater corporate discipline, more pre-FID planning and reduced project scope. This allows project delivery to finally hit the mark after a period of dismal performance on project returns, a new Wood Mackenzie report shows.
Cold energy, set free when LNG gets regasified through heat exchangers, can be utilized and monetised in different sectors, including the production of special gases through cryogenic air separation, desalination and also in the power sector. Hereby, the cold energy gets reused for inlet cooling of gas turbines.
Mitsubishi Hitachi Power Systems (MHPS) has completed construction of the Unit-2 combined-cycle gas turbine system at the Tanjung Priok power plant ahead of schedule. With an output of nearly 300 MW, Unit-2 is part of a wider project of Indonesia's state owned electricity provider PT. PLN (Persero) to build a 880 MW power plant on Java Island.
Siemens has successfully 3D-printed and engine-tested a dry low emission (DLE) pre-mixer for its SGT-A05 aeroderivative gas turbine. From concept to engine test, the development took only seven months, which is impressive considering this component requires very tight tolerances and works in high load and temperature.
Environmental lawyers have launched legal action after Bulgarian authorities permitted a coal-fired power plant to burn petrochemicals, biomass and waste alongside lignite – a dirty, highly inefficient lignite coal. The first hearing in the Brikel case is scheduled for early October.
MAN Energy Solutions has been selected to provide equipment for two power plants in Bangladesh a total capacity of 287 MW, based on of 15 MAN engines. The first project in Chittagong is due to start-up in 2019, while the project in Mirsarai is set to commence operations shortly afterwards.
For the world to start meeting decarbonisation goals and mitigate climate change, deployment of renewable energy would need to be scaled up at least six times faster than today, the 2018 report from the International Renewable Energy Agency (IRENA) shows. Accelerating the shift to green energy is expected to create over 11 million extra jobs.
With 14.4 GW of capacity just added to Egypt’s power grid, Siemens is contemplating what’s next after the €6 billion Egypt order, the largest in the company’s history. “My key take-away is that if there is a political will [in a country], you can do almost everything,” Peter Ullrich, overall project director CCPP Megaproject Egypt told Gas to Power Journal.
The government of Germany‘s federal state of North Rhine-Westphalia (NRW) has expressed interest in hosting Tesla’s electric vehicle and battery production facility on its planned ‘Green Battery Campus’ in Euskirchen, Handelsblatt reports. Tesla is also considering the states of Rhineland-Palatinate and Saarland as potential locations for its planned Gigafactory, which would produce electric cars and batteries.
The proposed combination of Dominion Energy and SCANA Corp. has been approved by SCANA’s two-thirds shareholders earlier this week. Once completed, the combined company will deliver energy to approximately 6.5 million regulated customer accounts and have an electric generating portfolio of about 31,400 MW.
Siemens AG, Europe’s largest engineering company, has announced sweeping changes to its company structure today while posting a 14% drop in net income to €1.2 billion in the third quarter amid a “sharp decrease in profit” at its turbine division. Shrinking the number of operating divisions from five to three – ‘Gas & Power’, ‘Smart Infrastructure’ and ‘Digital Industries’ – Siemens pledges it will increase the return-on-sales at its industrial business by 2% in the near-term future.
The Government of South Korea is planning to cut natural gas taxes by 74% and raise taxes on the use of thermal coal for power generation by 27% next year. The move is aimed at reducing the country's heavy reliance on coal for power generation and shift towards cleaner-burning gas, government officials.