Further hesitation or reluctance to undertake much-needed investment in new power generation capacity could threaten Britain's energy security. "Our priority is to rebuilt the power sector. To put it bluntly, we need twice as much investment every year of this decade, as in the last decade," the UK energy minister Charles Hendry said.
Turkey is close to importing natural gas from Iraq's autonomous Kurdish region with the buyer understood to have earmarked some of the volumes for gas-to-power generation. A deal could be struck soon: "A buyer is out there, right next door to Iraq," said Ibrahim Palaz, general manager of Botas International.
The European Bank for Reconstruction and Development (EBRD) will take a decision on whether to provide a senior loan of up to US$ 200 million for the proposed Kirikkale combined-cycle gas turbine (CCGT) power plant in the autumn of this year.
Users of electricity storage facilities can take advantage of daily variations of the electricity prices to reduce their overall energy costs. The EIA is supporting the use of electricity storage technology as a step towards a more efficient utilisation of electricity.
General Electric (GE) has been selected to supply two LM6000 aeroderivative gas turbines for the ALPEK Cogeneration project at its subsidiary Petrotemex's site in Cosoleacaque, Veracruz, Mexico. GE said the plant is slated to start commercial operations in the first quarter of 2014.
As the UK government is searching for a cheap and quick fix to avert a looming gap in power generation capacity, new gas-fired power plants are likely to emerge as the preferred solution, investment bank JP Morgan said today.
The introduction of a capacity payment market is needed to stop German utilities from closing gas-fired power plants due to low profitability, according to the head of the German energy agency Dena, Stephan Kohler.
EU power demand is holding up better than anticipated despite declining gas consumption, Société Générale said today. Between January and April, EU gas consumption declined by 1.8% year-on-year (yoy) while electricity demand increased by 0.7%, respectively, figures in the bank's monthly demand report 'SG Energy Pulse' show.
The long-awaited UK draft energy is expected to favour new gas-fired and nuclear plants over renewables, as the Government is set to introduce new support schemes - including contract for difference - as a price guarantee for power companies. The Government will propose a new draft law later today.
SPX Corporation has won a contract to supply an air-cooled condenser (ACC) for the proposed 1.3 GW gas-fired, combined cycle power plant in Warren County, Virginia.
During 2013, a SPX Cooling Technologies' 60 Module (10x6) SRC A-frame ACC will be installed at the plant, SPX said. Operational sart of the Warren County plant scheduled for December 2014.
Saudi Electric Company (SEC) is fast-tracking construction of its 12th gas-fired power plant project located near the Saudi Arabian capital of Riyadh. SEC said it aims to get the plant ready for commissioning in the coming 36 months.
Mitsubishi Heavy Industries (MHI) has delivered four diesel engine power generators to the Republic of Palau as part of an emergency grant aid by the Japanese government to alleviate power shortages. MHI said installation work on the generators is slated for completion by the end of this month.
Dresser-Rand, a global supplier of rotating equipment solutions, has been commissioned by Max Bögl Group to install an indirectly fired KG 2-3 G gas turbine at its new biomass cogeneration plant in Bavaria, Germany.
Israel Electric Corp (IEC) has fast-tracked a tender for buying five gas turbines in an effort to bolster electricity supply ahead of the summer demand peak. Bidders for IES’s tender to buy five used mobile gas turbines (25 MW each) were asked to submit their bids within only 14 days.
Investors in new cogeneration plants in Spain eagerly await the introduction of a new support mechanism.
“An extension of