Stadtwerke Düsseldorf's board has approved the construction of a 400 MW combined cycle gas turbine (CCGT) plant in the city to come online in 2016. The German municipal utility took a final investment decision (FID) on the plant, taking into account projections on fuel costs and the expected balance between electricity supply and demand in Germany.
Germany's E.ON is on track to comply with the new regulation to power generation assets in the UK against the dangers of climate change such as flooding, Richard Busby, E.ON's Environment Manager said. E.ON has identified this risk at two of its power stations and has now introduced new Reverse Osmosis water treatment plants to tackle the problem. The Enfield power station doesn't have access to river water for cooling and has to use air for cooling.
Enterprise planning combined with project execution is deemed to be the way forward for unleashing the value of integrated power generation solution, Oracle – IFS Partner said in a White Paper emailed to 'Gas-to-Power Journal' today.
New Jersey goes it alone: A new 738 MW gas-fired power plant will be built in the U.S. state without any financial support from the U.S. federal government. LS Power Group announced it has secured funding to build the plant in West Deptford, New Jersey.
Siemens and Shanghai Electric have agreed on a strategic wind power alliance for China. Gas-fired power plants are required as a backup for the intermittency of wind power production. In Britain, the much-debated electricity market reform entails the plea for capacity payments to guarantee the availability of sufficient electricity supply at times of peak demand.
UK Energy Secretary Chris Huhne has called on attendees at the Durban COP17 climate conference plenary to join forces to combat climate change and avert power shortages in developing countries.
Doosan Power Systems has acquired a majority stake in AE&E Lentjes GmbH, formerly part of the AE&E Group. The company was formerly known as AE&E Lentjes GmbH. It was founded in 1927 and is based in Ratingen close to Düsseldorf in Germany.
EDF and GE Energy signed a deal today to jointly build 510 MW combined cycle gas turbine (CCGT) at EDF's Bouchain site in the north of France, the companies announced today. Operational start of the plant is scheduled for 2015. The gas-to-power plant will replace a coal-fired unit due to be phased out by that date.
Republic Services Inc., Old Dominion Electric Cooperative and Fortistar LLC announced the start-up of 6.4-megawatt (MW) landfill gas-to-power plant, located in Richmond, Virginia, U.S. The plant is currently in its commissioning phase and will be operated by Fortistar.
Natural gas is forecast to overtake coal as the predominant fuel in power generation in the U.S. by 2025. Gas will become the world's No. 2 overall fuel source due to its abundant supply and the political backing for less carbon emission intensive gas-fired power plants, according to the latest long-term outlook published by ExxonMobil Corp today.
Statkraft has started an analysis of its entire gas-fired power generation portfolio, the head of the Norwegian company, Christian Rynning-Tønnesen said today. He did not disclose whether the company has plans to shut-down or sell-off power plant units in the near future, according to local media reports.
GS Electric Power and Services (GS EPS), an independent power producer in South Korea, signed on a memorandum of understanding (MoU) with the governor of Chungnam to develop the fourth phase of the plant at a cost of 600 billion won ($536 million).
More regulations under Dodd Frank, MiFID and EMIR may prompt financial trading houses to shy away from commodities. Trading on less liquid market hubs for gas and electricity may take a battering once the new regulation comes into force in 2012.
"Speculators might exit, liquidity might take a plunge and trading – particularly in less liquid commodity markets – might be down to the utilities again," Louis Caron, global executive lead, energy and commodity risk at RiskAdvisory/SAS Group told 'Gas-to-Power Journal' in an interview today.
The Council of European Energy Regulators (CEER), ENTSO-E and seven other European energy associations have issued a joint statement on how to prevent Value Added Tax (VAT) fraud in the gas and electricity sector today. It is a plea for stronger cooperation and more pro-active support from policy makers, law-enforcement agencies, tax investigators and financial intelligence units "to join our efforts to mitigate the threat of VAT-fraud".
General Electric (GE), the US-based engineering company, has signed contracts totalling nearly $300m with the Saudi Electricity Company (SEC) to expand six power plants in Saudi Arabia. The contract stipulates GE to provide 13 gas turbines and associated services to the plants with the aim of increasing electricity supply in Saudi Arabia by 800MW by summer 2013.