Mitsubishi Hitachi Power Systems and the Peruvian power developer Gaz Energie have signed an agreement to develop the Humay PS Project, a 515-MW power plant driven by a JAC gas turbine. The deal was sealed at the sidelines of the “Change in Power” conference in Peru, and the future power plant operator aim to have the facility enter commercial operation in 2021.
As African governments seek to boost electrification levels, a GE whitepaper evaluates the role of smart technology to transform grids and the way energy is generated, distributed, traded, managed and stored. Today’s key challenges in Sub-Saharan Africa are inadequate power generation and more significantly, low levels of electrification caused by faulty, aged or wrong setup of transmission and distribution infrastructure.
Dominion Energy is seeking to divest the 1,240-MW Fairless Power Station in Pennsylvania and the 450-MW Manchester Street Power Station in Providence, Rhode Island. JPMorgan Chase is assisting Dominion to arrange the sale, with the proceeds set to be used to pay down debt.
The spread in natural gas prices between the Permian Basin, as priced at the Waha Hub in western Texas, and the U.S. national benchmark Henry Hub in Louisiana has grown considerably. Prices at Waha are now nearly $1/MMBt lower than Henry hub due to growing production and pipeline constraints that limited the onward transport of the rising gas supply from the Permian Basin.
Uniper CEO Klaus Schäfer has put forward ideas for a gradual phase-out of coal-fired power plants in Germany in reaction to the launch of a coal-exit commission by the German government. The idea is to preliminarily shut down lignite-fired plants and only allow units to be reactivated in “extreme situations”, before they would be taken offline permanently.
Baker Hughes, a GE company, has signed an agreement to sell its Natural Gas Solutions (NGS) business to focus exclusively on energy. The NGS business has been sold to two separate entities, First Reserve and Pietro Fiorentini, for a combined value of $375 million.
Financial investment decisions (FIDs) in the electricity sector have become less market-driven and more dependent on policy support mechanisms, such as capacity markets. According to the IEA’s 2018 World Energy Investment report, over 95% of global energy investment is made by companies whose revenues are fully regulated or affected by mechanisms to manage the risk associated with variable prices on competitive wholesale markets.
Nigeria’s federal government has stepped up efforts to increase the number of decentralized power plants across the country in an effort to reign in notorious power shortages. Though installed generating capacity is about 10,000 MW, there is only 5,000 MW readily available for use while the others are idle due to gas shortages or technical issues.
A consortium comprising EPC contractor TSK and Rolls-Royce has been contracted by Prime Energía to build five power plants across Chile based on 265 MTU Onsite Energy 16V 4000 gensets. With a combined capacity of 475 MW, the five plants will provide backup capacity to Chile’s national power grid.
Tabling plans for a 700-MW peaking plant at Marulan, EnergyAustralia is adamant it will only realize the proposed simple-cycle gas power plant if the ageing coal-fired Liddell power plant will get retired. The Marulan OCGT has development approval until 2019, so time is running out to get the plant off the ground.
Full-scale development of Russia’s enormous Kharasaveyskoye gas and condensate field will start in 2019, Gazprom chairman Alexey Miller disclosed. Situated onshore in the Yamal Peninsula and partly in the Kara Sea, the field holds reserves of 2 trillion cubic meters (Tcm). Tapping the Cenomanian-Aptian deposits will be a priority, Miller said, with production start slated in 2023 at a design capacity of 32 Bcm/y.
More than 45,000 businesses across Europe are at risk of being fined up to €1 million ($1.1m) if they fail to comply with the new EU Energy Efficiency Directive, the registrar DNV GL warned. The clock is ticking – deadline for compliance is 5 December 2019 in most countries.
TransCanada, a major North American pipeline operator, has placed into service the Topolobampo Pipeline at a cost of $1.2 billion. Spanning over a distance of 348 miles (560km), the pipeline will provide export capacity of 670 million cubic feet of natural gas per day (MMcbf/d) from Texas to the Mexican states of Chihuahua and Sinaloa. Mexico is importing U.S. shale gas to cover rising demand from its power sector.
Royal Dutch Shell is investing in hydrogen and has singled out the fuel in its Future Energy Scenarios as one of the world’s energy pathways towards reaching the emission reduction targets of the Paris agreement. Hydrogen, produced by electrolyzing water, can be stored in the gas network for later use as a fuel in the transport and power sectors.
Expanding their partnership, GE and Microsoft have announced plans to combine operational and IoT technology by integrating GE’s Predix solutions with Microsoft Azure’s cloud capabilities. The partners will also co-sell and go-to-market together, offering end-customers Industrial IoT solutions across verticals.