General Electric (GE), the US-based engineering company, has signed contracts totalling nearly $300m with the Saudi Electricity Company (SEC) to expand six power plants in Saudi Arabia. The contract stipulates GE to provide 13 gas turbines and associated services to the plants with the aim of increasing electricity supply in Saudi Arabia by 800MW by summer 2013.
Vogt Power International, a subsidiary of Babcock Power, announced it will supply heat recovery steam generators (HRSG) to Siemens Energy Inc. for the Termozulia power plant project in La Canada de Urdaneta, Venezuela. The primary fuel for the plant will be oil with moderate natural gas firing.
RWE has confirmed to 'Gas-to-Power Journal' today that is considering divesting stakes in German power plants and splitting-off and selling of parts of the company.
Annual gas demand of natural gas in seven core European countries - UK, Germany, Italy, France, Spain, Netherlands and Belgium – is forecast to plunge by fall by 44 Bcm year –on-year, or 10.7%, to 370 Bcm in 2011, Deutsche Bank said in a report.
Siemens has won an order to supply a natural gas-fired Tuaspring combined-cycle power plant (CCPP) in north-western Singapore to Hydrochem Ltd, a subsidiary of Hyflux. The 411 MW gas-fired power plant is scheduled to start operations 2014, is part of the largest seawater desalination facility Tuaspring in Singapore, Siemens told 'Gas-to-Power Journal' today.
Nigeria's government is eager to fast-track its long debate 'Gas Master Plan' by backing the creation of public private partnerships (PPP) as investment vehicles for the construction thermal power plants in the Niger Delta and western Nigeria. The minister of petroleum, Diezani Alison-Madueke today reinforced the government's commitment of "Repositioning Nigeria as the regional hub for gas based industrialisation.
European utilities are profiting from a rebound in a power prices and production margins, Societe Generale commodity analysts said, estimating that between 20% and 50% of hedge for 2012 has been achieved by higher generation margins post Fukushima. "Some utilities have delayed their hedging strategy and will thus benefit from higher margins post-Fukushima that should flow into the accounts as soon as 2012," the bank said in a recent report.
General Electric (GE) will supply Russian power plant with a 109FA combined-cycle system under an upgrade and long-term service agreement. The expansion will add 400 MW of electricity output to the gas-fired plant, GE said.
Britain's first large-scale pilot coal-fired power project with subsequent carbon capture storage technology – has been launched late Wednesday in Ferrybridge, West Yorkshire. Coal + CCS is seen as an alternative to gas-fired power generation.
RWE/Turcas' Denizli power plant is expected to be commissioned by the end of 2012 as planned, Dr. Ralph Jaeger, CFO of RWE Turkey said today. Speaking on site, Jaeger gave an updated on the progress of the Denizil natural gas combined cycle power plant (CCGT) and said the construction was "on schedule".
After a series of severe power shortages in Japan, the Tokyo metropolitan government is now gearing up to close the power generation gap by building 60 large-scale gas-fired power plants.
Retail power prices in China will rise starting Thursday this week, China's National Development and Reform Commission (NDRC) announced today.
International Energy Agency's Executive Director, Maria Van der Hoeven sees "golden prospects for natural gas. However she urged the gas industry in Riyadh today to step-up security standards in unconventional gas production.
Coal is forecast to increase in its competitiveness against gas, Société Générale said in a research note on Tuesday. "Demand for imports [of coal] will in our view keep on increasing, even if more slowly," analyst Emmanuel Fages said with reference to the expected recession in the Eurozone throughout 2012.
Norway's Statkraft Markets will decide on whether to shut down operations of two gas-fired power plants in Germany in February 2012, Jürgen Tzschoppe, head of the Norwegian utility's German subsidiary Statkraft markets told 'Gas-to-Power Journal' today.