Energy and services company Emera has spent $541 million to buy three combined-cycle gas-fired power plants in New England from Capital Power Corporation in a bid to expand its plant portfolio. The purchased assets comprise the 520MW Bridgeport Energy plant in Connecticut, the 265MW Tiverton Power plant in Rhode Island, and the 265MW Rumford Power plant, Maine.
Alliant Energy is the latest U.S. power producer to gearing up to develop new gas-fired capacity in the Midwest as it was granted planning approval for its proposed 600MW Marshalltown Generating Station (MGS) and the launch of a feasibility study for an additional 300MW gas-fired plant.
ExxonMobil is to sell its 60% stake in Hong Kong power generation business, Castle Peak Power (CAPCO), to the existing minority shareholder CLP Power and China Southern Power (CSG) for $3.4 billion. Castle Peak Power operates a number of power stations in Hong Kong including the 2,500MW gas-fired Black Point Power Station.
The South Korean government has reduced taxes on LNG to incentivise the use of natural gas for power generation, while simultaneously raising electricity rates to reign in peakload demand in order to alleviate system and the risk of power shortages in the upcoming winter season.
The Dutch municipality of Ameland is set to deploy the largest network of micro-CHPs in Europe based on 45 units delivered by the Australian fuel cell manufacturer Ceramic Fuel Cells Ltd (CFCL) that will be installed on the small North Sea island. "The units will run on natural gas and will be remotely controlled to produce an output of up to 585 MWh per year, " David Stürken, a spokesperson for CFCL told Gas to Power Journal.
China announced plans to finance the construction of 5,000 MW of new gas and coal-fired capacity in Yemen and to expand two of the country's main container ports. "China is already Yemen's largest trade partner for overall imports and exports, so these developments come on top of a strong existing relationship," Sam Wilkin, Yemen analyst at Control Risks said, speaking to Gas to Power Journal.
Dubai Aluminium (DUBAL) is GE's first customer in the Middle East to invest in 9E Advanced Gas Path (AGP) technology, upgrading three gas turbines in Dubai.
British Gas owner Centrica is gearing up to claim a £6 million refund from HM Revenue and Customs relating to the Peterborough gas-fired power station, arguing that business rates for the plant and several of its other loss-making gas power units were set too high.
Energy storage and clean fuel company ITM Power has signed a Memorandum of Understanding (MoU) with NRM Netzdienste Rhein-Main, a 90% subsidiary of Mainova, with a view to identify and quote for PEM Electrolysis power-to-gas projects in Germany and internationally.
The ten major power producers in Japan have consumed 16.3% less fuel oil in October than a year earlier as they stepped up the use of LNG and coal for power generation, data by the Federation of Electric Power Companies shows. The shutdown of Japan's entire nuclear capacity and the shift to fossil fuels has made the Government's carbon emission targets unobtainable.
Turbine service company, Emerson Process Management and Mitsubishi Power Systems Americas (MPSA) have announced plans to extend their alliance for turbine retrofit projects in the Americas. The two companies first signed an agreement to co-operate on turbine retrofits, upgrades and servicing in 2008 and have since collaborated on a number of turbine retrofit projects to improve power plant operations.
U.S. state-owned utility, Tennessee Valley Authority (TVA), has announced plans to invest $1 billion in a new gas-fired plant in Kentucky. The news follows a review of TVA's power generating mix and comes alongside the closure of 8 existing coal-fired units.