Wärtsilä, supplier of flexible and efficient power plant solutions, has signed an Operations & Maintenance (O&M) agreement with South Africa's Sasol New Energy Holdings. The three-year agreement covers Sasol's gas engine power plant project in Sasolburg, South Africa.
Franco-Belgian utility GDF Suez has sold a 40% stake in Bahrain's Al Hidd power and water plant to Malakoff, Malaysia's largest independent power producer for US$113.4 million (€87.6 million). The divestment was made to fulfil a Bahraini regulatory requirement.
Drax Power Station is a month away from completing a £100 million upgrade programme to modernize the steam turbines. Upon completion, Drax and Siemens will have replaced the low pressure and high pressure turbines on all six units at the power station.
Investment bank Societe Generale anticipates a drop in traded prices for natural gas in the U.S. due to lower demand. The NYMEX front month is forecast to drop to US$2/MMBtu, with falling gas prices set to increase the share of gas-fired power generation in the U.S. energy mix.
Alstom, the French manufacturer of power generation technology, is ramping up manufacturing capacity and output at its Chattanooga facility in Tennessee, with a view to boosting its share in the buoyant U.S. market.
"Our investment in Chattanooga is a reflection of our confidence in the U.S. market," Patrick Fetzer, Regional Vice President of Alstom's gas power plant business in North America said with reference to forecasts about "a substantial short-term grow of the country's gas-fired power generation sector.
The British government is developing a gas generation strategy with the aim of encouraging investment in new gas plants, said Charles Hendry, minister of state for energy in the U.K.
"The role of gas has not been sufficiently clear," Hendry said at a Lloyd's Register press conference late yesterday, voicing support for a growing role of gas in Britain's energy mix. "The earliest we can have a new gas plant is 2019," he forecast.
Siemens Energy has been awarded a contract to provide long-term maintenance services for 16 SGT-400 industrial gas turbines at the Santos GLNG Project in Queensland, Australia. The multi-million dollar service order is Siemens' largest ever for its small gas turbine (SGT) product line, it said today.
RWE posted a 14% drop in operating result to €2.4 billion today. "Declining margins in electricity generation and burdens suffered by the gas midstream business in particular adversely affected the result for the quarter," the Essen-based company said.
Japan's Toshiba Corporation has won an order to supply two units of 660 MW super-critical steam turbines and a generator island for installation at the Meja Thermal Power Plant in Uttar Pradesh State, India. Commercial operation of the first unit is scheduled in 48 months from the contract award and the second unit in 54 months, Tokyo-based Toshiba said today.
The share of power generation from natural gas is forecast to surge by 24% in 2012 amid a 15% decline in coal-fired generation, the U.S Energy Information Administration (EIA) said in its short-term energy outlook today.
E.ON, Germany's biggest utility, today posted a € 250 million drop in Q1 earnings, owing to lower prices in Europe power generation markets and the mandatory shut down of nuclear power stations in Germany.
Market participants in power and gas trading can fulfil their REMIT reporting requirements by disclosing generation data on the newly created 'Transparency in Energy Market's platform' of the European Energy Exchange (EEX).
Siemens has laid the foundation stone for the new gas turbine plant in Dammam, as a "step towards a massive expansion of activities in Saudi Arabia". The German engineering company said it will invest a "three-digit million US dollar figure" in the facility together with its local partner, E.A. Juffali & Brothers. The opening of the gas turbines and compressors manufacturing facility is planned for late 2013.
NAES Corporation, a service provider to the energy industry, has executed an operations and maintenance (O&M) agreement for a 400 MW combined cycle power plant being constructed in Tuas, in the west of Singapore.