General Electric, through its energy investing unit GE Energy Financial Services, and YPF Energía Eléctrica, have secured $220 million project financing for the 267-MW Tucumán and 107-MW Loma Campana II projects. Citi, Credit Suisse and Export Development Canada (EDC) jointly led the financing, which represent the first power plant project financing in Argentina in almost 20 years.
The Turkish energy company Karpowership has placed an order for a total of 38 engines of the type MAN 51/60. The engines each have a power output of 18.5 - 20.4 MW, and deliveries are due to start later this year, for commissioning to take place in 2018.
Though burning coal for generating electricity is cheap, and Japan is home to supercritical high-efficiency coal power stations, key ministers warned that if all proposed coal-fired capacity got built this would put Japan’s emission reduction targets in jeopardy. "It doesn't matter if they are highly efficient or not, power stations using coal are seen outdated as EU and other countries are moving away from them," environment minister Kouichi Yamamoto said.
Kuwait’s Ministry of Electricity and Water (MEW) has selected Alghanim International for execution of engineering, procurement and construction (EPC) of the Sabiya Extension-3. As part of this 900 MW project, the EPC contractor has asked Siemens to supply key power generation equipment, notably the power train.
Exports of natural gas from the United States have reached a record-high level, surging 30% to 2,315 Bcf in 2016. Pipeline exports to Mexico more than doubled since 2013 and are set to rise further, according to EIA projections, once the pipeline projects currently under construction are completed and demand from new natural gas-fuelled plants in Mexico ramps up.
The International Energy Agency (IEA) has held its 2nd Global Conference on Energy Efficiency in Paris last week, attended by business executives and senior government officials from around the world, including all G20 countries. Dr Fatih Birol, the IEA’s executive director pointed out that only 30% of energy use is subject to efficiency standards. “This means there is huge room for improvement.”
EVN SPC, Vietnam’s state-run utility Electricity of Vietnam Southern Power Corp has opened a new main control centre in Ho-Chi-Min City, commonly known as Saigon. The state-run energy company had asked Siemens to develop, design and build the control centre to be able to remotely monitor the medium- and low-voltage grids in 21 provinces in southern Vietnam.
Sharjah National Oil Co. (SNOC) is aiming to take a financial investment decision on a floating LNG terminal before the end of 2017 in an effort to end intermittent power shortages in that emirate, located just north of its affluent neighbour Dubai.
The Asian Development Bank’s (ADB) focus on financing infrastructure in India’s lagging states helped promote inclusive economic growth, spurred the development of some power generation projects to help increase electrification rates. During the year 2016-17, total energy availability increased by 4.1% over the previous year and the peak met increased by 5.7%, according to India’s Central Electricity Authority (CEA).
Southern Power, part of the US wholesale energy provider Southern Company, has asked Wärtsilä to supply equipment and provide technical as well as commercial support for the development of two 450 MW gas power projects. Owning over 12,600 MW of generating capacity in the United States, Southern Company grows its business through new assets that are substantially covered by long-term contracts.
As Europe’s energy transition process unfolds, distributed control becomes a major theme across industrial automation and power generation infrastructure. To help operators keep control of large or small power units, Mitsubishi Electric has developed PMSXpro and PMSXmicro Distributed Control Systems that allow scalable plant automation.
The Louisiana Public Service Commission has approved construction of the Lake Charles Power Station, a 994-MW combined-cycle gas power plant in Westlake. Entergy Louisiana called the Lake Charles CCGT is a “key element of its plan to provide the clean, efficient energy” – the operator also said expects to issue full notice to proceed to construction by August 1.
Indonesian state power utility PT PLN (Persero) has appointed a consortium of local construction firm PT Wika and the Spanish contractor TSK Electronica y Electricidad to build the Sumbagut-2 peaking power plant in Aceh, on north Sumatra. Wärtsilä is contracted to supply 13 of its 50SG engines, running on natural gas and providing an output of approximately 240 MW.
No new coal-fired generating capacity is added to the U.S. power mix in all cases set out in the EIA’s Annual Energy Outlook 2017 (AEO2017). Analysts stressed, however, that actual production levels of hard coal and lignite depend on resource availability on technological advancement – not just on policy choices around the much-debated effects of the Clean Power Plan (CPP).
Two further project-wins in China illustrate the success of turbine-based cogeneration plants made by MAN Diesel & Turbo. The German manufacturer has been awarded two orders in collaboration with its Chinese EPC partner Liyu, and first announced the deals at Power-Gen Europe held at Cologne Messe this week. The contract stipulates MAN to deliver its signature MGT series gas turbines to subsidiaries of the Chinese energy firm ENN Group, who is MAN’s end customer on that deal.