Aluminium Bahrain (Alba), one of the world’s largest aluminum producers, has raised financing for a 1,792 MW combined-cycle gas turbine power plant in Bahrain – supported by GE Energy Financial Services. SERV, a Swiss Export Credit Agency (ECA), agreed to back $310.4 million and €314.3 million loans with reinsurance from BpiFrance and Italy’s SACE.
Unabated growth in energy consumption prevails in Texas: The Lone Star State has consumed the most energy in every year since 1960, the earliest year for which EIA has data. By year-end it is estimated to exceed 12,998 trillion Btu. California ranked second, consuming about 8% of U.S. total energy use.
Plans for another FRSU with 17 mtpa regas capacity and an onshore LNG terminal show the government of Bangladesh “is clearly in support to boost its LNG supply,” Wood Mackenzie comments. Already, private capital is being attracted to this sector with Summit Power, Reliance Power and Petronet looking to invest in these terminals.
UK Power Reserve said it is “on track to deliver its 2014 capacity market obligations” with nine power stations built so far in 2017 and another nine set for completion by the end of the year. Once all 18 are commissioned and fully operational, UKPR will contribute 364MW of fast-ramp, flexible gas generation to the UK power grid.
National Grid Corporation of the Philippines (NGCP) is collaborating with GE to deploy a 500kV power transmission backbone – as additional outgoing circuits from Hermosa to San Jose that will allow simultaneous maximum dispatch of existing power plants. Due for completion by Q4-2018, the project is meant to enhance the reliability of power supply to the Luzon grid.
“The last line of defense against power outages in South Australia” is what APR Energy calls is mobile gas genset that will add over 200 MW, once deployed on behalf of SA Power Networks. Mobile GE TM2500 turbines gas turbines will be installed at substations in Edinburgh and Lonsdale with a view to provide grid-stabilizing power before December 1, 2017.
C600S, Capstone’s signature microturbines, will provide decentralized electricity for an American oil & gas driller in the Ohio Utica Shale region. The onsite power unit will be commissioned in October. “As crude oil trades near two-month highs on the back of the reported drop in U.S. stockpiles, we are seeing increased activity in the U.S. shale market,” commented Darren Jamison, Capstone’s president and CEO.
Natural gas-fuelled power generation in the United States reached its highest daily level at 41 Bcf/day on July 20 – just a tick lower than the 2016 peak of 42 Bcf/d seen on August 11 last year. Higher gas prices relative to last summer explain part of the decrease; but PointLogic Energy analysts stressed that “although power burn in 2017 is lower than in 2016, it is still relatively high compared with the previous five-year average for that period.”
Falling costs for renewables and energy storage will squeeze out gas-fired generation in South Australia as early as 2025, Wood Mackenzie and GTM Research find. By then, wind, solar and battery costs are seen decline by 15%, 25% and 50% respectively – hence they offer a “lower cost alternative” to CCGTs, which cover the bulk of South Australia’s base load power today.
At events, particularly major sporting shows, there is need to fast-track power solutions and maintain a stable, continuous supply. RnRMarketResearch has singled out the sector as the growth driver for rental power solution: Expanding at over 8% per annum, the global power rental market is estimated to be worth $20.64 billion by 2022.
GE, together with its Chinese EPC partner Harbin Electric, has beat its own record for first fire at Pakistan’s Balloki power station (1.2 GW). Scheduled for commissioning later this year, GE said it completed first fire test of a H-class turbine just 66 days after the unit was delivered to the project site in Pattoki, Punjab.
Decentralized power provider UK Power Reserve has called on policy makers to strengthen the role of the Connection and Use of System Code (CUSC) panel as an independent body. In light of proposed modifications to the CMP285 CUSC governance reform, UKPR has spoken out against what it perceives to be an “overwhelming dominance of the Big 6 in [Britain’s] industry governance.”
Turkey’s incumbent oil and gas pipeline operator BOTAS has awarded a contract to RWE to overhaul of three Siemens Industrial Avon aero-derivative gas generators (SGT-A20 AV). The gensets, operating at the Kirklareli compressor station, help maintain the reliability of the Turkish gas transmission network.
Chung Hsin Electric & Machinery (CHEM), a Chinese EPC company, has ordered two MAN 51/60 gensets with selective catalytic reduction that will add 24.5 MW to the generating capacity to the Ta-Shan power plant in Taiwan. The plant, currently at 64 MW, is meant to operate with expanded capacity in the second half of 2018.
German engineering conglomerate Siemens is exiting its Russian power plant services JV Interautomatika after it was uncovered that the latter had sold four gas turbines designated for use in Russia to Crimea, a region under EU sanctions on energy technology. The Munich-based group added it will also halt all deliveries of power generation equipment from existing contracts to state-controlled customers in Russia for the time being.