Aspiring to become climate-neutral by 2050, the German government is supporting clean hydrogen technologies both at home and as a future export success for the country’s engineering companies. “Green hydrogen is tomorrow’s oil,” the German research ministry noted, stressing the flexible energy carrier “opens up new markets.”
Kawasaki Heavy Industries has commissioned MAN Energy Solutions to supply two 12V51/60 dual-fuel engines for the Miyako Island power plant, owned and operated by the Okinawa Electric Power. The order prompts the very first installation of dual-fuel engines in Japan.
Mitsubishi Hitachi Power Systems has achieved a market share of 37.2% for flue gas desulfurization (FGD) by delivering systems with a combined output of 51,010 MW, according to the McCoy Power Report. FGD systems are installed in thermal power gen units with output of 5 MW and above.
West Texas Intermediate (WTI), the U.S. benchmark oil price, has shed 16.12% in early trading today, extending Monday’s losses of nearly 25% as the pandemic erased about a third of global oil demand and storage fills up fast. Henry Hub spot gas price fell to $1.65/MMBtu, near parity to the British NBP.
Multilateral Investment Guarantee Agency (MIGA) has issued guarantees worth $74.6 million to Globaleq for its equity investment in Phase-4 expansion of the Azito power plant in Ivory Coast. The expansion will increase the capacity of the combined-cycle plant by 253 MW to a total of 710 MW.
Building a prosperous country out of the ruins is not an overnight affair, especially in Libya, where infrastructure suffered from decades of neglect and mismanagement in addition to recent wartime damage. APR installed mobile gas turbines with a combined capacity of 350 MW at four key sites as well as 200 MW of diesel generators at two sites.
The General Electricity Company of Libya (GECOL) has urged authorities to consider a new power plant of up to 2,000 MW at a landfill site near the South Tripoli Gas Power Station (500 MW). The new CCGT could partly use the methane emission from landfill, lowering its operating costs.
Banks accelerate their exit from coal financing as the credit appeal of mining and coal power plants deteriorates amid faltering electricity demand during the pandemic. Japan’s Sumitomo Mitsui Banking Corp (SMBC) and Mizuho Financial Group head for the exit, followed by South Africa’s ABSA bank and Citi Group.
Kraftanlagen, the German subsidiary of Bouygues Construction, has been awarded a €100 contract to modernize and extend a combined heat and power plant. Once operational, the CHP will supply 117 MW of electric power and up to 190 tons per hour of process steam for InfraLeuna’s chemical complex near Leipizg.
The Finish manufacturer Wärtsilä will supply a 2 MW / 5.4 MWh energy storage system to Alectra Energy Solution for installation at the Georgian College in Ontario, Canada. The unit, due operational this autumn, will lower the college’s energy costs by reducing peakload power consumption.
JERA, Japan’s largest LNG importer and electric utility, is trying to avert shortages of power supply as only two weeks of LNG remain in stock due to lockdowns to contain the coronavirus. With much of nuclear baseload capacity offline, supply security hinges on gas-fired power.
General Electric has modernized Bashkir Generation’s TTP-2 combined-cycle power plant (519 MW) and completed an inspection and repair of the Siemens SGT 800 turbine. GE’s Cross-Fleet Solutions unit injects the company’s proprietary technology into other equipment manufacturers’ (OEM) units, effectively adopting them into GE Services’ installed base.