Germany's third largest utility EnBW today reported a 26.3% drop in revenue 1.97 billion euros for its power generation and trading segment in the first half of 2010. EnBW was hit by the forced shut-down of two nuclear reactors last year as part of the German nuclear phase out.
Electricity generated from UK gas-fired plants has plunged to its lowest level in 15 years in April as a result of high gas prices, the Department of Energy and Climate Change (Decc) said on Thursday. Gas demand for power generation decreased by 16.7 percent, reducing the share of gas in the UK's energy mix to 40 percent, down from 46 percent last year.
Electricity consumption in Germany has dropped 1.4% to 261.5 TWh in the first half of 2012, mainly due to reduced demand from power-intensive industries such as steel production, preliminary data published by energy industry association BDEW shows.
U.K. utility Centrica considers closing-down the 360 MW gas-fired Petersbourgh Power Station and will review future of its gas-fired Roosecote plant (229 MW). The additional closures follows Centrica's recent decision to shut down the 325 MW King's Lynn plant and were announced when the company posted its annual report today.
Alstom India has secured a € 53M (US$64M) contract for the renovation of gas turbines at NTPC's 657 MW Jhanor Gandhar Gas Power Station Stage-1 project in the western state of Gujarat. NTPC, the state-controlled operator of the plant, is India's biggest power company with a total installed capacity of 39,174 MW supplied by 29 power stations.
Three GE 3.3-MW Jenbacher J620 cogeneration units are powering energy centers in London's Stratford City and Kings Yard areas to supply 10 MW for the London 2012 Olympic Games.
The European Commission today revealed further detail on three options for a set-aside of carbon allowances, which could lift the price of carbon by up to €6/ton, according to estimates of Thomson Reuters Point Carbon. Higher carbon prices would help lift the profit margin (spark spread) of gas-fired power plants.
South Korea's POSCO Energy has awarded Siemens an order worth 400 million euro to supply three H-class single shaft units for the 420 MW POSCO plant project. For Siemens this is the fourth order from a South Korean buyer of H-class technology within 18 months, following orders for the Bugok III, Ansan and Andong combined cycle power plants.
Phase two of the Sabiya combined-cycle power plant (CCPP) - Kuwait's largest power plant - has started commercial operation in time to meet peak electricity demand during the hot summer months. Kuwait's power demand grows at about 7 to 10 percent per year and the government estimates peak load demand will reach 25,000 MW by 2025.
Swiss power and automation technology group ABB has won an order worth over US$ 100 million to build a gas condensate processing plant for Petroleum Development Oman (PDO) in Oman.
The spot price of natural gas at the Tennessee Gas Pipeline (TGP) Zone 4 Marcellus trading point has fallen below the spot price at Henry Hub in Louisiana. TGP Zone 4 is currently the least expensive gas traded in North America, according to EIA figures.
Wärtsilä, a leading supplier of gas engines, has signed an Operations & Maintenance (O&M) agreement with Gulf Power Ltd (GPL), to operate and maintain a power plant in Kenya.
Electricity produced from nuclear and fossil fuels in the U.S. will start to decline between 2020 and 2025, due to an expansion in renewable generation. "Natural gas represents the largest source of displaced generation," the U.S. Energy Information Administration (EIA) forecasts.
E.on UK has refuted claims made in a parliamentary report on Monday that the introduction of Contract for Differences (CfDs) will reduce competition amongst British energy companies.
"Contrary to the Committee's view, we believe that the introduction of CfD's and a Capacity Mechanism will reduce vertical integration and increase competition in both generation and retailing," E.on UK's chief executive, Tony Cocker, said today.