Black & Veatch has won several contracts from Harbin Electric Company Ltd to deliver three combined cycle power plants in China. "We are entering a golden age for natural gas powered plants and we're seeing accelerated advances in China," Dr Suqing Wang, senior project manager for Black & Veatch's global energy business commented on the deal.
General Electric (GE) and the Russian power engineering company REP Holding (REPH) have signed a contract to assemble an additional 28 GE MS 5002E gas turbines at REPH's Nevsky Zavod manufacturing facilities. Today's deal is the third to be covered under a technology transfer and licensing agreement (TOT) between GE Oil & Gas and REPH.
Mitsubishi Heavy Industries (MHI) has launched "MEGANINJA*1," - a transportable power generation system driven by gas engines - capable of producing electricity within 24 hours after its arrival at the installation site. The first order for two units came from China's Dongguan Xinao Gas Co, MHI said.
MAN Diesel & Turbo has been selected to build an 88 megawatt diesel power plant in Thika City, near Kenya's capital Nairobi. Construction works at the site have started and MAN Diesel & Turbo said it expects the plant to start operations in 2013.
The U.S. Energy Information Administration (EIA) has examined 29 alternate scenarios for the future U.S. energy market in its Annual Energy Outlook 2012 (AEO2012). In the EIA reference case scenario, the share of gas-fired power generation is forecast to rise from 24 percent in 2010 to 28 percent in 2035. "Uncertainty is inherent in long-term projections," EIA Administrator Adam Sieminski said when unveiling report.
GE will provide the Spanish utility Gas Natural Fenosa's (GNF) with advanced dry low NOx (DLN) 2.6+ combustion technology for a GE 9FA gas turbine operating at one of GNF's combined-cycle power plants. The project is the first of its kind in Spain negotiated under a new GE contractual service agreement (CSA), GE said.
Austria's most efficient thermal power plant has started operations after Siemens Energy officially handed over the Mellach combined-cycle power plant (CCPP) to the Austrian utility Verbund Thermal Power on Friday. The plant's record district heating output of 400 MWth facilitates that more than 80 percent of the energy in the fuel is put to effective use, according to Siemens Energy.
Japan's Mitsubishi Heavy Industries has published a document entitled "MHI Environmental Vision 2030", setting out how to reach its economic targets while developing sustainable technology. One key objective is to strengthen efforts on developing technology for energy storage, MHI said.
Russia's Gazprom has entered talks with Italy' Enel, France's EDF and Denmark's Dong with the aim of purchasing a stake in one of their European gas-fired power plants, according to Gazprom CEO Alexei Miller.
Braden, an operating division of Global Power Equipment Group, has won a contract worth 8 million Euros to provide gas turbine exhaust systems to Siemens Energy for the Khormala phase I Combined Cycle Power Plant (CCPP).
Turkey has been an island of high energy demand in Europe, with electricity demand growing by just under 6% in Turkey in 2000-2007, compared to 2% in OECD Europe, Alexander Antonyuk, Energy Analyst at the International Energy Agency (IEA) said today.
"Turkey was one of the countries where power demand recovered fasted from the recession," he said cautioning that electricity demand growth has slowed down to 4.5% over the past two years. "This recent dip is mainly due to lower demand growth in energy-intensive industries," he told 'Gas to Power Journal' at the sidelines of a conference in Istanbul.
Gama Energji is in talks with two potential partners about setting up a tolling agreement to market the electricity generated at its Kirikkale CCGT project with the aim of reducing financing costs.
"We want to have a tolling accord in place - as a hedging instrument - before we close project financing for Kirikkale, as it could give us a reduction in interest of about 150 basis points," Orkun Eyilik, Commercial Manager, Gama Energji told 'Gas to Power Journal' today.
EMRA, Turkey's Energy Market Regulatory Authority, is considering introducing 'paid-in capital' criteria as a precondition for granting licences to power plant developers. By taking this step the regulator intends to limit so-called 'speculative licence applications', Muhammed Demir, Group Head, at EMRA's Electricity Market Department said in Istanbul today.
EnerjiSA, a Sabanci/Verbund joint venture, sees a growing need for LNG imports to Turkey as a flexible supply source of natural gas to underpin the growth of installed power generation capacity. "Gas-fired plants may well grow in number as LNG as a fuel is increasingly considered as an interim option by plant operators," Kivanc Zaimler, Commercial Director - Natural Gas, EnerjiSA said in Istanbul today.
Financing for new gas-fired power plant is getting tight in Turkey and fewer projects will come to fruition. "Combined-cycle gas turbine (CCGTs) plants with less than 50% operational efficiency will not get financed in Turkey" Emre Hatem, Manager, Project and Acquisition Finance, Garanti Bank said at a conference organised by 'Gas to Power Journal' in Istanbul today. He forecast a reduction of the share of gas in Turkey's energy mix from currently 45% to 25% by 2020.