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Daily News

A new independent, cross-party report urges the UK Government to clarify its energy policy beyond 2020. "The Government should work with industry to narrow the debate by identifying 'low regrets' investments for the power sector beyond 2020," finds the report which will be presented in Parliament today.

Myanmar's state-owned power producer has awarded Wood Group GTS a $13million contract to overhaul and upgrade three GE Frame 6B gas turbines in operation at a plant near the city of Yangon. "The order is our first major contract win in Myanmar," a Wood Group representative said, adding the retrofit is expected to increase the utility's revenue by $1million per year.

Mitsubishi Heavy Industries (MHI), jointly with Taiwan's largest EPC company CTCI Corporation, has won a full-turnkey order from Taiwan Power Company to build a gas-fired combined cycle plant, consisting of three power islands with a combined capacity of 2,600MW. The mega plant, located in Tunghsiao Township about 150 kilometers southwest from Taipei, will be powered by M501J gas turbines.

MHI said the latest order from Tawain brings the number of sold 60 hertz M501 gas turbines up to 22, including four successive orders for 10 units in total from South Korea.

The 'Energiewende' (energy turnaround) is profoundly reshaping the energy landscape in Germany: Regulatory changes, financial incentives and technological developments are the driving factors for transforming a previously centralized, hierarchical energy system to an ever-more distributed conundrum with a rapidly-increasing share of renewables at its heart, says Frank Reichenbach, manager at The Advisory House (TAH).

US engineering major GE has joint forces with China Xian Electric Group (XD Electric) with the aim to double sales of digital power transmission produces to $4 billion over the next decade. GE is understood to have paid 3.38 billion yuan ($552 million) to acquire a 15 percent stake in XD Electric.

Denmark's largest utility, Dong Energy, reportedly considers selling its 832MW gas-fired Severn Power Station - one of Britain's most modern gas-fired power plants for up to £500 million, though the UK Big 6 power producers are deemed unlikely to purchase the asset. A Dong representative declined to comment on banking speculation about a possible divestment of the asset but stressed the company's focus on wind power in the UK.

Nine out of ten businesses in the UK believe the government's flagship energy policy under the Electricity Market Reform (EMR) will burden the industry by making cost more difficult to predict, shows research released today by Npower. The £10 billion EMR programme guarantees a fixed price for green energy production, which is feared to increase electricity prices and reduce competitiveness of the UK economy.

Chinese investors are gearing up to spend close to $4 trillion on building and commissioning 88GW of new power generation capacity every year between now and 2030 – mainly hydro, renewables and gas-fired plants. A report compiled by Bloomberg New Energy Finance (BNEF) forecasts that China may annually start-up the equivalent of the UK's total generating capacity, boosting supply by more than 1,500GW in the coming 18 years.

French power generation conglomerate Alstom will supply a flue gas cleaning and heat recovery system for a new €120 million (SEK1,050 million) waste-to- energy CHP plant in the city of Linköping, Sweden. It is set to generate 80MW of power.

Emera, a privately-owned Canadian utility, is spending $541 million to acquire American generator Capital Power Corporation's combined-cycle gas-fired (CCGT) power stations on the US East Coast. Capital Power simultaneously announced it would wind down its commodity and energy trading business outside Alberta before year end. It said "operating complexity is significantly reduced by the divestiture of the northeast US plants."

Saudi state-owned oil company, Saudi Aramco is boosting its energy independence and cost control with plans to build a three combined heat and power (CHP) facilities, with a combined value of 650 million USD in Saudi Arabia, each at a different oil processing and refinery facility.

Contractors Siemens Energy and GS Engineering & Construction (GS E&C), have completed handover of 415MW Dangjin 3, a combined cycle gas turbine (CCGT) power plant in Dangjin-City, South Korea. The client is South Korean power utility GS EPS.

News in Brief

China seen overtake Japan as worlds’ largest LNG buyer by 2025

July 15 – The International Energy Agency (IEA) expects China to overtake Japan as the world’s biggest LNG buyer with imports of 128 Bcm a year by 2025, equivalent to around 174 million tonnes. However, IEA analysts cautioned this scenario is “highly dependent on China’s future policy direction” and whether that includes an ongoing push for coal-to-gas switching for industry, residential heating and power generation.

IEA stages Clean Energy Transitions Summit

July 14 – Ministers from dozens of countries, accounting for over 80% of the world economy, have participated in the first Clean Energy Transitions Summit organised by the International Energy Agency (IEA). Dr Fatih Birol, the IEA’s Executive Director, said there “clearly is momentum” behind a sustainable recovery from the economic impacts of the Covid-19 pandemic. Participants agreed to reconvene in mid-2021.

Siemens Energy to exit coal

Jul 13 – Newly formed technology company Siemens Energy wants to phase-out any operations and technology to related to coal-fired power generation, CEO Joe Kaeser said, without giving a specific timeline. Siemens had been harshly criticised earlier this year for participating in the Adani coal mine project in Australia.

Statkraft, GE enhance GB grid stability

July 10 – Statkraft and GE Power Conversion are working together to stabilise Britain’s power grid. To that end, GE will manufacture and install two Rotating Stabiliser synchronous machines at Statkraft’s site in Keith, Moray. Statkraft was awarded four stability contracts (two at Keith and two at Lister Drive) by National Grid ESO (NGESO) earlier this year.

Siemens Energy spin-off approved

July 9 – A large majority of Siemens shareholders have voted to approve the spin-off of the company’s energy business. The spin-off was approved by 99.36 percent of capital stock represented at today’s extraordinary shareholders’ meeting.

Central Hudson links solar farms to VPP

July 9 – Central Hudson Gas & Electric Corp has established its distributed generation program within the broader context of New York State’s energy plan. Together with Sensus and their Remote Telemetry Module (RTM-III), the Central Hudson will monitor decentralized solar PV backed up by flexible gas gensets.

Siemens and GREEN Solar turn German town CO2-free

July 8 – GREEN Solar and Siemens Energy are jointly developing a concept for making Herzogenrath CO2-free. The plan is to provide an energy-efficient and economical combination of solar power plants, wind turbines, batteries, CHP and combined cycle power plants, as well as heat and hydrogen storage. The hybrid system will be built on the grounds of Nivelsteiner Sandwerke and will be large enough to cover the city’s entire energy demand with zero CO2 emissions by 2030.

Denmark paves the way for Nord Stream 2

July 7– Denmark on late Monday gave the Nord Stream 2 consortium permission to utilize pipe-laying vessels with anchors in Danish waters, paving the way for the Gazprom-led consortium to complete the interconnector. Construction of the 1,230-kilometre pipeline is nearly complete, except for a final stretch of about 120-kilometers in Danish waters. The project was halted in December when the Swiss-Dutch pipe-laying company Allseas suspended works over threats of U.S. sanctions.

EPRI tests early warning system

July 6– The Electric Power Research Institute (EPRI) is conducting trial tests with multiple utilities across the United States of an early warning system. It can detect an off-gassing event as a precursor to thermal runaway up to 30 minutes prior to a cascading failure. This gives plant operators time to mitigate the problem or shut down the system.

KKR buys stake in First Gen

July 3 – Valorous Asia Holdings, owned by KKR investment funds, has bought a 11.9% stake in First Gen through a voluntary tender offer. First Gen, one of the Philippines’ largest independent power producers with 3,492 MW installed capacity, is owned by First Philippine Holdings which is controlled by the Lopez family. KKR’s acquisition of the First Gen stake is worth nearly $192.3 million.

Gazprom’s ‘BBB’ rating affirmed

July 2 – S&P Global Ratings, Moody's Investors Service and Fitch Ratings have affirmed Gazprom's long-term credit ratings as part of their annual reviews. The ‘BBB’ ratings for Gazprom from S&P and Fitch are in line with the sovereign credit rating of the Russian Federation, while Moody's ‘Baa2’ rating is a notch higher.

MHIEC to refurbish WtE plant in Kushiro

July 1 – Mitsubishi Heavy Industries Environmental & Chemical Engineering Co (MHIEC) has received an order from the Kushiro Wide-Area Federation to repair and improve the core equipment at the local Waste-to-Energy plant in Takayama. The WtE plant has a capacity of 240 tonnes per day (tpd). Renovation will increase the energy efficiency of the fluidized bed type gasification and ash melting furnace facility, reducing emissions by around 15% annually. Works are due completed in September 2023.

Nigeria: Only two of six power projects on target

June 30 – Nigeria’s Bureau of Public Enterprises has disclosed that only two out of six privatized power plants were delivered on target. Only Transcorp Power Ltd and Geregu Power Ltd out of the six privatised electricity generation companies (GENCOs) were said to have met their performance targets since taking over.

German investors prefer solar over wind

June 29 – Energy infrastructure investors are keen to build solar power projects in Germany, but shun wind parks. In the latest solar power auction, investors offered to build almost 450 MW of capacity – more than four times the 96 MW of volume on offer– with the average successful bid at 5.27 cents per kilowatt-hour (ct/kWh). The wind auction, in contrast, was undersubscribed: The German network agency  (BNetzA) tendered around 826 MW, but successful bids only totalled 464 MW, at an average price of 6.14 ct/KWh.

MAN ventures into synthetic fuels

June 26 – MAN Energy Solutions has entered the hydrogen economy with the recent pro rata acquisition of H-TEC SYSTEMS, an electrolysis tech firm. The German OEM also committed itself to upgrading its gas turbines to run on 100% hydrogen by 2030.

Varegro starts using Cummins gas genset

June 25 – Belgian-based horticultural company Varegro, has started to use a Cummins HSK78G gas generator to power its greenhouses in Oostrozebeke, West Flanders. Varegro said it selected the Cummins HSK78G genset to produce combined heat and power (CHP) on its premises at a competitive cost for use in energy-intensive greenhouse facilities.

GE names Deloitte as independent auditor

June 24 – GE’s audit committee has selected Deloitte as the company’s independent auditor for the 2021 fiscal year, replacing KPMG. The selection of Deloitte concludes GE’s latest audit tender process.

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