The first capacity auction in the UK, to be held in 2014, will be on Demand Side Management (DSM) and not power generation capacity. "The potential prioritisation of these technologies could, depending on the volumes and prices auctioned, materially reduce the need for subsequent auctions for new build gas to power assets," warns Jim Fitzgerald, associate partner at The Advisory House.
To restore the competitive of natural gas against coal as a fuel for power generation, coal prices by would have to rise almost $80 to reach levels over $160 per tonne, according to Deutsche Bank analysts.
Weak economic growth forecast, reduced power consumption and rising renewable power supply amid new solar PV installations, "clearly point to sustained difficulties for German [conventional] generators during 2014," Société Générale analysts forecast.
The German government has allocated a €750 million budget to underpin its objective of raising the market share of Combined Heat and Power (CHP) installations to 25 percent by 2020.
Operational start of two gas-fired combined cycle power plants (CCGTs) at a cost of nearly 4.7 trillion rials ($383 million) is set to boost Iran's power generation capacity by 650 MW.
The world's largest tri-fuel power plant, Amman Asia Electric Power's power plant in Al Manakher, Jordan, will be serviced by Wärtsilä under two long-term agreements.
Unfavourable market conditions and persistent policy uncertainty has reversed growth in the Dutch Combined Heat and Power (CHP) sector following a period of rapid growth in the 1990s, industry association COGEN Europe said in a report published today.
Green Field Energy Services, Inc. has signed a global supplier agreement with GE Oil & Gas to deliver low-cost, gas burning power generation solutions to enhance oil and gas upstream operations and hydraulic fracturing.
Georgia Power, the largest subsidiary of Atlanta-based Southern Company, said it would be "cost-effective" to retire 15 aging coal-fired and oil-fired units with a combined capacity of 2,061 MW.
Combined Cycle Gas Turbine (CCGT) capacity registered with the National Electricity Market in Singapore has increased further with new entrant TP Utilities bringing in 101 MW capacity from its Tembusu Multi-Utilities Complex (TMUC).
Wärtsilä, a global gas engine manufacturer, has received an order to engineer and supply the STEC Red Gate power plant project, located in Hidalgo County, Texas. Start of commercial operations is slated for summer 2014.
Alstom has won two contracts for Long Term Service Agreements (LTSA) for GT13E2 gas turbines in the Ivory Coast and Jordan.
Realising a gas-fired combined heat and power (CHP) plant project in Poland is a "safer investment" in contrast to building a conventional gas-fired plant, Pricewaterhouse Coopers said in a recent report. New projects with a combined capacity of up to 6,697 MW are in the pipeline.
Russia's gas export monopoly Gazprom is testing the economic viability of investing in a gas-fired power plant (1,350 MW) in Lubmin near the landfall point of its 55 Bcm/year Nord Stream pipeline in northeast Germany.
The Indiana Utility Regulatory Commission (IURC) has modified a settlement reached in the Duke Energy Indiana case, setting a hard cost cap for the utility's new integrated gasification combined cycle facility (IGCC) in Edwardsport at $2.595 billion.