Additions of electricity generating capacity in the U.S. last year were dominated by gas-fired power plants which accounted for just over half of newly commissioned plants, equivalent to 7,902 MW. New wind and solar installation added a further 7,055 MW, data from analysis firm SNL Financial shows.
Electricity generators and utilities in New England are petitioning the Federal Energy Regulatory Commission (FERC) to remove demand response as a resource in capacity markets, claiming that it may lead to the closure of plants.
Siemens and its South Korean partner POSCO E&C have completed the Ansan combined-cycle power plant in a record time of just 24 months from ground-breaking to first commercial operation date. It's Siemens fourth H-class plant in Asia.
French engineering giant Alstom is nearing a pact with the U.S. Department of Justice (DoJ) to pay over $700 million to settle a foreign-bribery probe. In June, General Electric won a bid to acquire Alstom's power segment for $17 billion, but the DoJ stressed the penalty will be paid by Alstom, not GE.
Nigeria’s National Petroleum Corporation (NNPC) aims to improve gas supplies to meet demand from all government-run power plants within six months and from private plants within 12 months, according to director David Ige.
Struggling to compete amid falling U.S. gas and power prices, American Electric Power (AEP) has called on Goldman Sachs to advise on the sale of its 7,923 MW merchant power generation business. The portfolio includes a three gas plants and several coal facilities and is estimated to fetch between $2.8 billion to $3.6 billion, according to industry sources.
In a bid to ease Egypt's power shortage, the Ministry of Electricity has contracted ElSewedy Electric to build two gas-fired power plants with a combined capacity of 980 MW. The turbine units, worth a total of $706 million, will be supplied by Siemens and Ansaldo Energia, respectively.
Japanese energy firm Chubu Electric Power is considering a move into the electricity retail sector in Tokyo as the country frees up regulation. The energy sector in Japan has been notoriously segmented in the past, but recent changes brought about in the wake of the Fukushima nuclear disaster prompted the government to introduce more competition.
Finnish power plant developer Wärtsilä has signed an agreement with Alaskan utility, Matanuska Electric Association (MEA), to operate and maintain the Eklutna Generation Station (171 MW) northeast of Anchorage.
Kuwaiti authorities have announced that first phase of the 1,500 MW Az-Zour Power Plant is 65% complete and construction works are schedule to be complete by June this year. The gas-fired combined cycle power plant is located at Az-Zour, approximately 100 kilometres south of Kuwait City.
Britain's first ever capacity auction has come at a high price, critics say after the government confirms it will pay £960 million under capacity contracts awarded to 46 generators to ensure fossil plants will provide backup power in the winter of 2018/19. Gas power plants won the lion's share of the capacity contracts.
Plans by the Scottish Government to reduce carbon intensity from 271 grams of CO2 per kilowatt hour to 50g CO2/kwh by 2030 may be achievable without the use of CCS technology, according to a new study from research consultancy DNV-GL.
The Distributed Power business of GE has brought to market a new Gas Compression Power Packager program for end users to access genuine Waukesha parts and skilled service technicians. Enerflex is the first distributor to participate in the scheme.
Energy storage provider ITM Power has started to expand and enhance its manufacturing facilities at the Atlas Way site in Sheffield, adding two new test bays for acceptance testing of HGas Power-to-Gas units and a new 1MW substation.