Australia’s biggest gas pipeline company, APA Group, has allowed CKI of Hong Kong access its books after the Chinese consortium made a A$13 billion (US$9.8bn) takeover bid. The suitor will, however, have to win over regulators on Canberra who view the massive offer with some critical restraint.
The Trans-Anatolian Pipeline (TANAP), feeding Azerbaijani gas from Shah Deniz into Europe’s $38 billion Southern Gas Corridor, has been delivered on time and under budget. Azerbaijan and Turkey just inaugurated the 16 Bcm/year pipeline in Eskisehir, Turkey.
Bilfinger, an industrial service provider, is driving forward internal digitalization by using Siemens’ Comos Engineering & Maintenance Platform across its many sites and subsidiaries. The deal gives Siemens access to feedback on how SMEs are utilizing using the platform – useful insights to selectively drive forward further development of the software.
Construction of the first unit of Persero’s Jawa-2 project (880 MW), officially named Tanjung Priok power plant, has been completed and the unit is now operating in simple-cycle mode with an approximate output of 300 MW. Built by Mitsubishi Hitachi Power Systems (MHPS), the unit will be transformed into combined-cycle mode in 2019.
Struggling through a tough year, GE Power has communicated a tentative plan to shut down most of its manufacturing plant in Salem, Virginia, by the end of 2019. GE justified the move with persistent challenges in the power industry and a steep decline in order-wins, the decision helps executives brace for a tough second quarter.
UK Power Reserve has partnered with Fluence to deliver the first phase of its 120 MW battery storage portfolio to the British power grid. Fluence agreed to provide three 20 MW storage systems at sites in the Midlands and North West using its Advancion technology. All three new sites are due operational during winter 2018/19.
Wherever connectivity goes, vulnerability follows. Erik Laykin, head of global data risk at Duff & Phelps, uses the example of autonomous vehicles to argue that as the power sector becomes more central to our lives, electricity businesses must switch to a cybersecurity-first mindset.
With Belgium aiming to transition to 100% renewables by 2050, flexibility of supply is paramount which spurs the drive for small-scale distribution. Helping to meet this need, GE’s Distributed Power business agreed to three Jenbacher J624 gas engines, balance of plant as well a performance management system to Den Berk Délice’s greenhouses in Antwerp.
With two ‘digital twins’ – the virtual replication of the physical electric generating asset – First Gen of the Philippines has become the first utility in Southeast Asia to adopt this technology. The Lopez-led gas power plants, built by Siemens, are now being showcased as ‘proof-of-concept’ for the new digital business model to customers in the region.
Southern California Gas Company (SoCalGas) and Aliso Canyon Technical Assessment Group have both voiced concerns that regional natural gas infrastructure issues in Southern California could affect electricity reliability this summer. Should these bottlenecks result in lower gas inflows into storage, there is a risk of significantly reduced gas availability in the upcoming winter.
Gazprom and its main partner in China, CNPC, have reviewed the status of Russian natural gas supplies through the eastern route via the ‘Power or Siberia’ project. Following completion of the second tunnel under Amur River, the linear pipeline part from the Chayandinskoye field to the Chinese border is now 84.4% completed, both partners announced.
ACWA Power, a Saudi power plant developer and investor with assets worth over $30 billion, has signed a Memorandum of Understanding (MoU) with China Energy Engineering Corp. to explore joint investment opportunities and cooperate on power generation and water desalination projects across the Middle East and Asia. The deal was signed in Dubai on Sunday by ACWA Power's chairman, Mohammad Abunayyan and China Energy’s chairman, Wang Jianping.
The Swiss arm of MAN Diesel & Turbo has agreed with ABB Switzerland to jointly develop, produce and commercialize a three-way Electro-Thermal Energy Storage system (ETES). Based on so-called ‘charging cycle,’ the ETES uses surplus renewable-electricity to generate heat and cold for storage in insulated reservoirs.
Dealing a blow to the industry, China’s National Development and Reform Commission (NDRC) has significantly reduced solar subsidies by setting new on-grid power tariffs that range between $7.8-11c/kWh, effective June 1. Distributed projects are capped at 10 GW and all utility-scale projects are mandated to set power prices through competitive auctions.
Shifting tact, Uniper CEO Klaus Schäfer has announced plans to expand the utility’s business supplying LNG to power generators in South America, Middle East and Asia. Speaking to investors he was adamant about Uniper’s aim to “remain independent” even after Fortum of Finland will acquire a significant stake in the German utility.