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Daily News

The Egyptian government will invite bids from private sector investors for new gas-fired and renewable projects in a move intended to prop up domestic power generation capacity to avert the risk of blackouts. Amad Eman, the newly instated minister of electricity, announced this week the government will fast-track plans to add 6,250 MW of capacity by 2017.

Combined Heat and Power Generation (CHP) – long overlooked as the 'Cinderella' of UK energy generation – is now claiming its place in the energy mix. Britain's installed CHP capacity grew by almost 3% to 6.1GW between 2011 and 2012, meeting 6.4% of the country's total electricity needs, according to Digest of UK Energy Statistics (DUKES).

RWE npower, one of Britain's Big 6 energy companies, has applied for a permit to build a 27km gas pipeline to fuel two proposed power plants, a 2,000MW combined cycle gas turbine (CCGT) power plant and a 400MW dual fuel gas and diesel power plant, in Willington, UK. 

Designated Siemens CEO Kaeser has disclosed the 2014 profit margin target might be lowered from 12% to 10%. "Whether a 2-digit margin is achievable, depends on the competition ... but what is important is that we reduce the profitability gap between us and the competition," he said in a press conference in Munich late Wednesday.

Dorothy Thompson, the head of the UK's largest coal fired power plant Drax, says her company is keen to diversify and considers investment in gas-fired power generation.

Waste heat absorption to prevent power use and to reduce fuel consumption during summer Combined Heat & Power (CHP) operation is an often overlooked feature, Manfred Klein, former chairman of the Industrial Applications of Gas Turbines (IAGT) Committee told Gas to Power Journal.

 

Mitsubishi Power Systems Americas (MPSA), the US arm of Mitsubishi Heavy Industries (MHI) has completed performance testing of a Selective Catalytic NOx Reduction (SCR) system before installing it at an 800MW gas turbine simple-cycle power plant.

Germany's engineering giant has ousted its CEO Peter Loescher on Wednesday, following an unprecedented internal power struggle. Joe Kaeser, the long-standing chief financial officer is now taking the reins.

Smoother airfoil designs through Tomo-Lithographic Molding (TOMO) help improve the cooling capabilities of gas turbines and increase overall efficiency, Siemens representative Tim Rokita told Gas to Power Journal.

July 30 - Samsung Electronics Co and S&C Electric Co have joined forces to develop an energy storage project that could save Britain up to £300 million annually once 2 GW of storage is installed by 2020.

The project comes at a cost of £28.5 million and will be capable of storing up to 10 MW-hours of electricity.

Old Dominion Electric Cooperative (ODEC) has contracted Mitsubishi Power Systems Americas supply two gas turbines and associated generators for its 1,000MW Wildcat Point power plant project.

Project finance of new power plants in the UK hinges on the final structure of the government's proposed capacity mechanism. "We would hope that projects should be able to secure a debt-equity ratio in the region of 60/40, but the devil will be in the detail and we don't anticipate [regulatory] details being finalised until Q1 2014," George Grant, co-founder and director of Stag Energy told Gas to Power Journal in an interview.

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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