NRG Energy subsidiary Louisiana Generating has abandoned plans to convert the 230 MW Big Cajun-I gas-fired power plant to coal generation. Declining natural gas prices prompted the operator to stick to gas-to-power as the more economic option of generating electricity.
Traded natural gas contracts in the U.S. need stay on low levels to motivate electricity producers to continue with coal-to-gas substitution in Powder River Basin coal-burning regions, investment bank Goldman Sachs said.
Eurelectric sees the introduction of capacity remuneration mechanisms as an 'option of last resort'. "Policymakers should only consider introducing capacity remuneration mechanisms, or capacity markets, where the proper functioning of energy-only markets is still not enough to ensure system security," Anne-Malorie Géron, head of Eurelectric's Market Unit, told Gas-to-Power Journal.
Investment bank Goldman Sachs said today a 14 pence price rise of NBP gas contracts for delivery between July and end-September is needed to prompt diversions of LNG cargoes from higher-yielding Asian destinations to the U.K. European power producers are advised to hedge forward gas in anticipation of rising prices.
Datang International Power Generation, the Hong Kong Stock Exchange-listed entity of state-owned utility China Datang, has received the regulatory green light to build a gas-fired power project in Beijing.
The Danish government pledges the country can rely entirely on renewable energy by 2050, however gas-fired power generation and increased interconnection capacity are vital to balance electricity supply and demand. "Gas will be needed as a backup for renewable energies, but we are working on replacing natural gas with biogas and other renewable gases," Marlene Hein Nybroe, gas development and preparedness manager at Energinet DK told Gas-to-Power Journal.
Datang International Power Generation and Shaoxing Thermal Power Generation Company have joined forces to build the Jiangbin gas-fired power plant, located in Binhai New Town, southwest of Shanghai. The Shaoxing Jiangbin power plant project involves the construction of four gas-steam cycle thermal power cogeneration units. In the first project phase, two 452 MW generating units with a total installed capacity of 904 MW will be built, the operators confirmed today.
The Spanish Congress of Deputies supports the timely introduction of a new cogeneration tariff, with Acogen, Spain's cogeneration association, calling the congress support a "very positive step". Investment into new CHP plants in Spain has come to standstill, following the decision of Spain's government to enact a temporary halt to new feed-in-tariff contracts for renewable energies starting January 2013.
Abu Dhabi National Energy Company (TAQA) has entered an accord with Mass Global Investments Company Limited (MGIC) to buy 50% stake in a gas-fired plant in Iraq's Kurdish region. Upgrade works are currently effectuated with a view to expanding the plant's existing capacity of 750 MW with an additional 250 MW, TAQA confirmed today.
The share of gas-fired power generation in the U.S. is forecast to surge by about 17% in 2012, amid a 10% decline in coal-based power generation, the U.S. Energy Information Administration (EIA) said in its short-term energy and summer fuels outlook.
GE unit GE Energy Financial Services will auction 225 MWs of bi-directional electricity transfer capacity from its Linden variable frequency transformer (VFT) smart grid project at the intersection of the New York City and PJM power grids. The electricity originates at GE's 900 MW Linden cogeneration power plant, the operator said today.
Iran is gearing up to produce 'home-made' gas turbines. "A contract has been signed with Oil Turbo-Compressor Company to make a 100% indigenous [gas] turbine," Iran's deputy oil minister, Mohammad-Reza Moqaddam, said on Monday.
Progress Energy Florida has announced plans to convert the Anclote power plant, located in Holiday, Florida to 100% natural gas. The project is expected to cost approximately $79 million and will be completed in two phases, in mid- and late-2013.
India's gas shortage has reached alarming levels, undermining the Government's aims to boost the share of gas-to-power production. Operation of three gas-fired plants - with a combined capacity of 1,730 MW - had to be halted in India's National Capital Region (NCR) region due to a lack of gas supply to fuel the plants.
Siemens said today it received a third order from South Korea. The German engineering company will built the Andong combined-cycle power plant (CCPP) as a turnkey power plant in cooperation with its Korean partner GS E&C. The latest order from for the H-class technology from South Korea follows orders for the Bugok III and Ansan CCPPs, Siemens said today.