Spain's National Energy Commission (CNE) is calling for an increase in electricity prices paid by consumers to curtail Government debts worth €24 billion. The so-called 'tariff-deficit' piled up over the past 10 years as utilities had to sell electricity to end-customers at regulated rates below nominal generation and distribution costs.
Russia's state-controlled gas giant Gazprom and the Danish state-owned energy company Dong are considering building new combined heat and power plants (CHPs) in Western Europe. "The cooperation with DONG Energy is very promising," Gazprom CEO, Alexey Miller said.
German E.ON, Italian Enel, Swedish Vattenfall and Swiss Alpig have launched Afiegm, an energy lobby group, urging the French governments to open France's power generation market and to curtail the dominance of EDF. "The question of competition concerns not only supply but also equally production," Afiegm chairwoman Fleur Thesmar said.
GAIL, India's largest natural gas company, is gearing to building two gas-fired power plants in India. The proposed Vijaipur will have a capacity of 300 MW, while the one in Dbiyanpur will have about 350 MW, the company said.
Guangxi Yuchai Machinery Company Ltd (GYMCL), a subsidiary of China Yuchai International, said today it is developing a new line of natural gas-powered engines to complement GYMCL's line of diesel engines used in power generators and marine engines.
Royal Dutch Shell has awarded a $60 million contract to power and automation technology group ABB to build a 50 MW gas-fired power plant in Basrah in southern Iraq's in Khour al-Zubair region. The plant is scheduled for completion in the third quarter of 2013, ABB said today.
Kuwait's Partnerships Technical Bureau (PTB) has selected GDF Suez and International Power as preferred bidders to build and operate the Az Zour North Independent Water & Power Project (IWPP). The plant is scheduled to start commercial operation in 2015.
The International Energy Agency (IEA) estimates under its BLUE Map scenario that around 20% of gas-fired power plants in China will include carbon capture storage (CCS) technology by 2050, Hirohisa Yamada, IEA energy analyst, told Gas-to-Power Journal today.
IEA's BLUE Map Scenario is based on the assumption that one third of overall global carbon emission reductions will need to come from the power generation to reach the global climate goals. In contrast, in IEA's Baseline Scenario, the use fossil energy will surge 82% which will lead to a rise of global temperatures by 6 degrees Celsius.
Wärtsilä, a provider of lifecycle power solutions, will supply Indonesia's first ever gas engine based peaking power plant. The plant, located in Sei Gelam Jambi in Sumatra, is scheduled to be built and fully operational before the end of 2012.
General Electric's vice chairman John Rice has confirmed GE's 2012 outlook and expectations for continued double-digit revenue growth from its Industrial and Capital segments in its global growth regions in 2012 and 2013. "The world needs more power (...) to meet the needs of growing populations and an emerging middle class," Rice said at an investor meeting today.
ABB, a power and automation technology group, has secured orders worth over US$70 million from the state controlled Saudi Electricity Company (SEC) to build five new substations in Saudi Arabia. In the fourth quarter of 2011, ABB received orders from SEC totaling more than US$250 million, it said.
Investment in new gas-fired and nuclear plants, rather than wind power, could save the U.K. £45 billion in meeting its 2050 carbon reduction, AF Consult, a Sweden-headquartered technical consultancy, said in a recent report sponsored by the global accountancy firm KPMG.
Wärtsilä, a provider of lifecycle power solutions, has won a contract to expand the power generation capacity of to the Varreux power plant in Port-au-Prince, Haiti. Delivery of the necessary equipment will be made in the course of 2012 on a "fast-track basis", Wärtsilä said today.
Alstom Power has launched a GT13E2 gas turbine upgrade, offering over 200 MW power, an additional 10% of electricity output when compared to the earlier rating. "The higher output has an increased efficiency of 38% - the best in this segment of gas turbines," Michael Ladwig, Director, Marketing & Product Management at Alstom's Gas Business said at a web conference today.
RWE, Germany's second-largest utility, has posted a 9% drop in its 2011 electricity generation volume to 205.7 billion kilowatt hours (kW). The decrease is attributable to outages of several gas-fired power plants in the Netherlands and in the U.K. as well as to the shut-down of the Biblis nuclear power station, RWE said today when presenting its 2011 annual results.