The share of gas-fired power generation in the U.S. energy mix is set to rise as the first carbon pollution standard issued by the U.S. Environmental Protection Agency (EPA) entrenches the current cost advantage for natural gas over coal.
The rulemaking only concerns new generating units that will be built in the future, and does not apply to existing units already operating or units that will start construction over the next 12 months, EPA said today.
Eurelectric, the Union of the European Electricity Industry, calls on policy makers to improve the current negative political and economic climate for investments in the electricity sector. "Utilities need to get a proper return for their existing conventional power plants", it said today.
French investment bank Société Générale forecasts gas prices at the National Balancing Point (NBP) to turn south as the UK markets are well supplies and demand tepid. "Prices will start agreeing with fundamentals and turn south from their present levels," SocGen analysts Emmanuel Fages, Thierry Bros and Paolo Coghe said in a recent research note.
Natural gas is likely to take up a growing share in the U.K.'s energy mix, making up for any eventual capacity shortage following the withdrawal of E.ON and RWE npower from developing new nuclear capacity in the U.K under the Horizon Nuclear Venture. "Gas will fill the gap," Deutsche Bank analyst, James Brand, told Gas-to-Power Journal.
General Electric's (GE) global fleet of 47 heavy duty gas turbines have achieved an industry milestone, operating more than 2 million fired hours on low British thermal unit (BTU) fuels.
Mitsubishi Heavy Industries Compressor Corporation (MCO), a subsidiary of Mitsubishi Heavy Industries (MHI), has won an order from Braskem Idesa for three steam turbines and five compressors for a large-scale ethylene production facility in Mexico. MCO said it will deliver the equipment on order in the spring of 2013.
Enerjisa, a 50:50 joint venture of Verbund and Sabanci Holding, is gearing up to expanding its overall power generation portfolio by 1 gigawatt (GW) by 2016. New projects include Energisa's second largest gas-fired plant in Bandirma.
General Electric (GE) has secured a contract worth nearly US$200 to supply steam turbine technology, power generation services and distributed control systems for the conversion of Saudi Electricity Company's (SEC) PP10 power plant from simple to combined-cycle operation. The conversion will boost the capacity of the plant by 1,300 MW, GE said.
The Posco-operated Ansan combined cycle power plant (CCPP) will be South Korea's second gas-fired power plant to run on SGT6-8000H gas turbines, Siemens said today. South Korea is a growth market for turbine sales for Siemens as electricity demand in the East Asian country grows at an annual rate of 3.6%.
The majority of Europe's gas-fired power plants will be unready or unable to use carbon capture and storage (CCS) technology by 2030 without a U-turn in Britain's energy policy, Green Alliance said in a report published late Tuesday. The lobby group warns further delays in CCS will jeopardise the U.K.'s climate goals.
The Russian gas major Gazprom seeks to buy a 50% stake in the gas-fired Severn Power Station (824 MW) near Newport in South Wales, according to industry sources. Dong Energy declined to comment on ongoing negotiations, but a spokesman confirmed Dong and Gazprom are evaluating participations in power plants in the Netherlands and in the U.K.
The completion of Siemens' first repowering project in Russia adds 500 MW of installed power generation capacity to the Kirishi Unit 6. Siemens said it expects follow-up orders for upgrading an array of ageing gas-fired steam turbine plants in Russia to more efficient CCGTs.
A growing number of power plant operators in the U.S. are choosing to retire coal-fired power plants in favour of gas-to-power generation in a move likely to propel up demand for domestic shale gas production.
Overcapacity in the German power generation mix and deteriorating economics of fossil-fuel plants has prompted Deutsche Bank to forecast closures, particularly of gas-fired power plants, until 2015.
German manufacturer 2G Energy is setting up a U.S. production facility in St. Augustine, Florida, through its subsidiary 2G CENERGY Power Systems Technologies to manufacture combined heat & power (CHP) generation systems for the North and South American markets.