The Indian arm of the consultancy Deloitte has submitted detailed options to revive the 1,940MW Dabhol plant in India that has been sitting idle due to unviable operating costs. Electricity output at the Dabhol plant has been in the doldrums amid a lack of adequate domestic gas supplies and sky-high import costs for LNG.
U.S. power producer NTE Energy has announced plans to develop, own and operate the gas-fired Pecan Creek Energy Center (up to300 MW) at a cost of over $200 million in ERCOT, the Electric Reliability Council of Texas.
More than 30 of Syria's power stations are classified as 'inactive' and at least 40% of the country's high voltage lines are in tatters as a result of a civil war and sabotage actions. The consequence are rolling blackouts while ambitious plans to convert the country's entire thermal power plant fleet to run on natural gas had to be put on hold until the end of hostilities.
The world’s first carbon capture and storage (CCS) scheme for gas-fired power in Peterhead, Scotland got the go ahead today with an announcement that the project will share £100 million in government funding with the Drax coal-fired CCS scheme in Yorkshire. The investment will be used for a front-end engineering and design (FEED) study with up to £1 billion earmarked over the longer term to develop the technology.
Though 3D metal printing is still at an experimental process for testing prototypes, Siemens and GE are gearing up to turn it into a standard technology for rapidly producing industrial parts. Used for producing burner components, 3D metal printing can cut repair times by up to 90% compared to conventional methods, according to Siemens.
U.S. Independent Power Provider, Competitive Power Ventures (CPV) has received approval for its proposed 650 MW Valley Energy Center in upstate New York from the Orange County Water District board. The plant is due to come online in 2016 when it aims to be one of the cleanest conventional electric generating projects in the world.
Plans to build a 674MW gas-fired power plant in Salem, Massachusetts, have cleared legal opposition filed by climate change groups. Footprint Power, the developer of the project, has agreed to address environmental concerns by steadily reducing emissions from the plant over its lifetime and ultimately closing the plant by 2050.
Japanese trading firm Marubeni has signed a Memorandum of Understanding (MoU) with PT. Pertamina, the state-controlled Indonesian oil and gas company, to explore the viability of constructing a new gas-fired power plant and attached LNG import terminal. The two companies will conduct a feasibility study in the first instance.
Despite the high dependency of Japan and South Korean on importing LNG for power generation, the much anticipated start of new export terminals in the U.S. might not be as profitable as envisages, researchers from Rice University warn.
Month ahead natural gas future prices on the New York Mercantile Exchange (NYMEX) soared past $6/mmBtu on Wednesday as concerns of supply shortage impacted power producers across the country. Prices jumped nearly 11% in trading on Wednesday ahead of the government’s inventory report that was expected to show a fall in gas storage.
Weighed down by poor profitability of gas-fired power plants, Centrica's gas generation operations in the UK made a loss of £133 million in 2013. In the firm's annual financial statement, CEO Sam Laidlaw referred to "margin pressures and unusual weather patterns on both sides of the Atlantic, rising unit costs in the North Sea and weak economics for gas storage and gas-fired power generation."