Unless electricity market in India are deregulated and prices become competitive, operators will be hard pressed to make a profit from gas-fired power plants assets when considering the higher costs for imported LNG.
The New York State Public Service Commission has given the green light to Cricket Valley Energy Center LLC, an affiliate of Advanced Power, to build a proposed 1,000 MW power plant in Dutchess County.
The LNG offtake of Japanese utilities rose 2.5 percent year-on-year in January to 5.32 million tonnes, with 5.16MT of the total used a fuel to generate power.
Mitsubishi Heavy Industries (MHI) has been commissioned to install 4 sets of a 700 MW class supercritical pressure steam turbine, generators and boiler components at a large-scale oil-fired power plant (2,800 MW) to be built by Saudi Electric Company (SEC).
Keeping existing fossil capacity in the market will "prove to be difficult" and many European utilities "will abstain from investing" in new plants without capacity mechanisms as long as the current market situation with low electricity demand, low CO2 prices and relatively high gas prices persists, forecasts Jørgen Kildahl, member of the Board of Management at E.ON SE.
The Ratnagiri Gas & Power Pvt Ltd (RGPPL) has resumed generation this morning and is currently generating 250 MW against its total capacity of 1,967 MW, a company spokesman confirmed to Gas to Power Journal. The plant was shut down in the morning hours of February 7 due to non-availability of gas supply.
Russia's gas export monopoly Gazprom is jeopardising the future commercial viability of gas-fired power generation in Europe by insisting on the principle of oil indexation, say Jonathan Stern and Howard Rogers, leading academics at the Oxford Institute of Energy Studies (OIES).
Enhanced energy efficiency, putting a realistic price on carbon emissions and greater research and development of low-carbon energy production are what the International Energy Agency (IEA) singles out as 'imperatives' for producing electricity in a climate-constrained world.
A decision to re-start generation at the 1,967-megawatt Dabhol power plant will be taken later today. "We hope to restart with at least a pair of turbines," a Ratnagiri Gas and Power Private (RGPPL) spokesman told Gas to Power Journal.
The energy industry in Europe still has to come to grips with "substantial challenges" Vattenfall's CEO Øystein Løseth said today, after posting a record 7.3% increase in the group's electricity generation in 2012.
The U.S. Department of Energy (DoE) and the Treasury have made available $150 million in Advanced Energy Manufacturing Tax Credits for clean energy and energy efficiency manufacturing projects. The gas industry, however, criticizes President's Obama's 'all-of-the-above approach' to American energy sources.
GE's trailer-mounted, TM2500+ aeroderivative gas turbine – dubbed "Power Plant on Wheels" - has been selected for Evolution Well Services' onsite unconventional gas demonstration project in Canada.
Competition for gas supplies between electric power producers and industrial end-users is forecast to rise in the U.S. amid shrinking domestic production growth and a downward trend in net imports, analysts from PIRA energy group said.
Deployment of carbon capture storage (CCS) technology is 'vital' for gas to remain classified as a low-carbon fuel and will allow for more coal and gas to be used for power generation than without CCS, Sean McCoy, analyst at the International Energy Agency (IEA) told Gas to Power Journal.
Developing a blueprint for an EU-wide capacity remuneration mechanism (CRM) is "premature", Eurelectric said, suggesting that, if developed, CRM should guarantee the availability of peak-load capacity and not promote flexibility.