Siemens Energy has won an order to build the 758 MW Panda Temple Power Plant in Texas, U.S., in consortium with its partner, Bechtel. The combined-cycle power plant (CCPP) is scheduled to come on line in 2014, at a time when the Texas market is predicted to be short of capacity.
Subsidies are not the right approach to encourage investment in new gas-fired power plant projects in Germany, environment minister Peter Altmaier told the business daily 'Handelsblatt' late Wednesday.
Turkey's electricity consumption saw an 11.3% year-on-year increase to 20.0 terrawatt hours (TWh) in June, data released by the Turkish statistical institute shows. The county's energy consumption almost doubled over the past ten years.
Russia's RAO Energy Systems has applied for a loan from the European Bank for Reconstruction and Development (EBRD) to build a new gas-fired combined heat and power (CHP) plant in Vladivostok.
French investment bank Societe Generale has revised down its 2013 gas price estimate as it expects a rising supply of already contracted Russian gas volumes amid tepid demand in Europe to weigh on gas prices. The bank recommends selling the NBP Summer 13 contract.
Alstom has won a contract to undertake a boiler study for Shanghai Waigaoqiao No.3 Power Generation Co, Ltd. The study will is scheduled to be completed by the end of August.
Wärtsilä, a supplier of diesel and natural gas engines, has won a contract to supply a 384 MW gas power plant to Azerbaijan's state-owned utility Azerenerji JSC. "In terms of output, the project is the largest single power plant order that Wärtsilä has received to date," the Helsinki-headquartered company said today. The order is included in Wärtsilä's second quarter 2012 order book.
Gas generating capacity in the U.S. has surged by 96% over the past twelve years period starting from 2000, as historically low gas prices increase the utilization rates of combined cycle plants at the expense of coal-fired units.
The British energy regulator Ofgem will continue to develop detailed proposals on a mandatory power auction "ahead of the autumn" with the aim of increasing market liquidity, Ofgem said in a liquidity update letter.
Improved energy efficiency measures could reduce the anticipated UK power demand for 2030 by up to 40%, an initial Electricity Demand Reduction Assessment by the British government finds.
General Electric (GE) has won a contract from SOMA Group, a Cambodian industrial conglomerate, to supply GE Waukesha technology to power the country's first integrated biomass gasification-gas engine project. The plant is slated to start commercial service in March 2013, GE said.
Swedish utility Vattenfall has selected a site to build a new 400 MW gas-fired power plant in Hamburg. A site at Wedel was chosen as the preferred location over an alternative site in Stellinger Moor.
Alstom Thermal Power has signed a contract worth over €100 million (US$12 million) with Arabian Bemco Contracting Co. & GS E&C to provide the steam tail for the Riyadh PP12 gas-fired power plant being constructed by them for the Saudi Electric Company (SEC).
EPEX SPOT and EEX, the French and German partner bourses, are calling for a Europe-wide instead of a national design of future power markets with a view to incentivise investment and accommodate the growing share of renewable.
Centrica's North American subsidiary, Direct Energy, has agreed to buy two New York-based power retailer Energetix and NYSEG Solutions for US$110 million (£71 million) in cash, plus additional working capital.