Investment in combined heat and power (CHP) generators is on the rise in the United States, with proposed new cogeneration capacity for 2013-2016 amounting to more than 3,700 MW, latest statistics from the U.S. Energy Information Administration (EIA) show.
Siemens is profiting from South Korea's growing demand for gas-fired power plants with high power density, Thomas Hagedorn, Sales Vice-President, who is heading the front office of Siemens Energy Solutions in Singapore, told Gas to Power Journal.
The UK Government has proposed capacity payments as a way to bridge the gap for gas fired generators, but EMR market interventions as proposed have the effect for many investors of replacing market risk with political risk, says Dr. Jim Fitzgerald, Associate Partner at The Advisory House.
"While CFD FiTs could mitigate political risk for low carbon generators, many gas-fired investors consider that without CFD FiTs, they will be less able to mitigate political risk as they may historically have done for market risks," he told Gas to Power Journal.
Deutsche Bank has reduced its forecast for German base and peakload power prices again by €2-3/MWh for the 2012-2015 period, amid a 21,500 MW rise in net capacity over the forecast period and subdued electricity demand growth.
Siemens has won its fifth order for a South Korean buyer to deliver H-class turbine technology for the 415-MW combined-cycle power plant Daegu Innovation City, located about 240 km south-east of the capital Seoul. Commissioning is scheduled for late 2014.
RWE AG, starting from 1 January 2013, will bundle its entire power generation capacity of 50,000 MW in Germany, UK and the Netherland in a new entity.
GE will supply eight gas turbine-generators for the expansion of Saudi Electricity Company's (SEC) Riyadh Power Plant 12 (PP12). Once operational in 2015, the combined-cycle plant will be the first application of GE's 7F-5 series gas turbine technology in Saudi Arabia, adding nearly 2,000 megawatts of electricity to help meet the Kingdom's future energy demand.
Revenues in the Russian market for diesel and gas generators (gensets) are estimated to rise to $614.9 million in 2015 – a steep increase from $428 million in 2011, Frost & Sullivan research manager Malavika Tohani forecast.
Gas demand in Europe is forecast to remain fairly stable but could see a 1% year-on-year decrease in 2012, mainly due to subdued demand from the power generation sector, latest statistics published by gas industry association Eurogas show.
Mitsubishi Heavy Industries (MHI) effective October 1st has launched a new company in Singapore, named Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES). The new entity, capitalized at 15 million Singapore dollars (SGD), integrates the business of 3 local affiliated companies including Mitsubishi Power Systems (Asia Pacific) Private Ltd.
RWE's decision as to which gas turbine vendor to use for its newly opened Pembroke Power Station has been largely driven by Alstom's service agreement, according to Andy Smith, project development manager at RWE.
"In the UK, the market for building new combined-cycle plants is EPC-based and we were therefore exposed to the equipment choices that the different turbine manufacturers have on offer," he told Gas to Power Journal at a conference organised by the publication in London.
Alstom Thermal Power, in consortium with Duro Felguera, has signed a €640 million contract for construction and equipment supply and service for the projected 880-MW Carrington power plant project near Manchester.
Gazprom chairman Alexey Miller and senior Chinese officials have continued negotiations in Moscow about the terms of Russian gas supply to China. "Special attention" was paid during negotiations to "results of the design and survey operations for the Altai gas pipeline", Gazprom said.
Carrington Power Limited, owned by ESB, has reached Financial Close with a syndicate of international banks for a combined cycle gas turbine (CCGT) power plant just outside Manchester.
Rolls-Royce has launched the retrofit upgrade RB211-Gzero that can provide existing users of industrial RB211 aeroderivative gas turbine engines with a nominal power increase of 10 percent, depending on ambient temperature and engine type.