Origin Energy has started operations of a new 550 MW gas peaking plant in the Australian state of Victoria with a view to expanding the plant's capacity to 1,000 MW, if required. Located at Mortlake, some 220 km west of Melbourne, the new power plant costs investors some $810 million.
The British government has just given the go-ahead, after an 18 month suspension, for the resumption of exploration of unconventional gas by the energy company Cuadrilla, using the fracking process. Energy and Climate Change Secretary Edward Davey gave the go-ahead, subject to stringent new controls to mitigate possible seismic activity.
Texas-based NRG Energy completed a $1.7 billion merger with New England’s GenOn Energy last Friday. The merger unites two former rivals companies which in 2011 generated some 107 TWh of electricity, sufficient to power about 40 million homes in the US.
Mozambique plans to build its biggest ever gas fuelled power plant. Wartsila has signed a €138 million deal with joint-venture Central Termica de Ressano (CTR). CTR is a joint-venture owned by South Africa’s integrated chemical and energy giant SASOL Energy, and Mozambique’s state owned electricity company Electricidade de Mozambique (EDM).
Power prices in Singapore are recovering from a plunge in late October caused by a record increase in registered power generation capacity of combined cycle gas turbines (CCGTs) and low fuel prices.
Gas-fired combined-cycle power plants (CCPPs) will dominate the US power generation market, as economics of low-cost gas generation and more stringent emissions regulation continue to erode the competitiveness of coal-fired plants, forecasts John Wilson, vice president for product sales Americas at Siemens.
Mitsubishi Heavy Industries (MHI) has struck an accord with United Technologies Corporation (UTC) to acquire Pratt & Whitney Power System (PWPS), the small and medium-size gas turbine business unit of the aeroengine manufacturer P&W.
Power plant operators of flexible capacity can cash in on differentials between real-time electricity prices and day-ahead prices, triggered by the rising penetration of intermittent renewable energy sources, says Thomas Graves, senior development manager at Burns & McDonnell Engineering.
"Disruptive changes" such as slowing electric load growth, falling peak-load power prices due to demand response mechanisms and expanding distributive generation are challenging power producers in the US. "We as an industry have to meet the challenge and embrace these trends. If we don't, they are going to run over us," says Jon Wellinghoff, chairman, Federal Energy Regulatory Commission (FERC).
GE is betting on a 25-year super-cycle of natural gas generation, underpinned by cheap shale gas supply, hence the company heavily invests to increase this side of the business, says Paul Browning, President and CEO of Thermal Products, GE Power & Water.
Improved combustion technology at Alstom's GT 26 gas turbine can cope with an expanding range of fuel compositions while maintaining emissions and reliability, says Alexander Bill, Service Manager at Alstom's Power Division.
Doors are opening to POWER-GEN International at the Orange County Convention Centre in Orlando, Florida, today. More than 20,000 attendees are expected to visit the exhibition and attend conference sessions.
OMV, Austria's largest utility, is ready to take financial investment decision (FID) for building a gas-fired power plant in Bavaria, provided capacity markets are introduced to guarantee a stable rate of return.
The U.S. Department of Energy's Advanced Research Projects Agency (ARPA-E) will grant Pratt & Whitney Rocketdyne funding worth $5 million for three cost-sharing projects set to improve efficiency and reduce costs of gas turbines in commercial-scale power plants.