The anti-competition regulator in Australia has ruled against a proposed purchase power generation assets worth $1.35 billion by AGL Energy. The Australian Competition and Consumer Commission (ACCC) issued a statement blocking the sale on the grounds that it would “substantially lessen” competition in the electricity market.
Singapore's Sembcorp Industries is gearing up to realise a new gas-fired cogeneration plant serving the Banyan, Tembusu and Angsana areas on Jurong Island. The plant has an initial capacity of 400 MW, with the potential to expand by a further 400 MW, the company said.
The Nigerian government is to sell off a further 10 gas-fired power plants in the Niger Delta on March 7th as part of its privatisation plans. Starting from Friday, the bid will be assessed for the assets on sale that have a combined power output of 5,000MW although not all are fully constructed yet.
Spot gas prices at the UK's National Balancing Point (NBP) softened today by about 2.50 pence in a correction to traders' overreaction to escalating tensions on Crimea that had propelled prices up to 61.30p/th on Monday amid fears about a reduction of Russian gas transits through Ukraine to Europe.
Gas power producer EnergyAustralia has announced writedowns of $133 million on its Australian gas assets, making it the latest energy provider to be hit by rising domestic prices following a dash to export Australian gas to Asia as LNG.
Fossil-fuel power plants will cover the lion's share of the forecast 2% annual rise in global energy demand driven by urbanisation and growth in population. Increasing the use of combined heat and power technology can help maximise fuel utilization up to 85% while minimizing urban space requirements, a Siemens paper shows.
Indonesian power provider PLN is considering a reduction in diesel use at its power plants and greater reliance on natural gas, biofuel and coal in a move to save $860 million in fuel costs. The company aims to cut diesel use by 1 billion litres per year through this diversification.
Equipment manufacturer Alstom has started erection and commissioning supervision for the first GT13E2 gas turbine delivered to the Nizhneturinskaya power plant in Russia’s Ural region. Works are part of an agreement that sees Alstom build 2 combined-cycle plants with a combined capacity of 460 MW on behalf of IES-Holding at a cost of €450 million.
Building on the success of the Trent family of engines, Rolls-Royce is developing two new generation engine designs. The British turbine manufacturer has share some details of its next generation engine designs, saying they "could be ready within ten years".
Investment in global energy infrastructure in Asia-Pacific is forecast to grow to $11.7 trillion by 2035, with the bulk spent on power and heat generation in China and India. Though there is no lack of local financing, but investors shy away from regulatory risk as power and gas prices are still regulated in many Asian markets, warns Seethapathy Chander, deputy director general of ADB.