RWE npower, one of Britain's Big 6 energy companies, has applied for a permit to build a 27km gas pipeline to fuel two proposed power plants, a 2,000MW combined cycle gas turbine (CCGT) power plant and a 400MW dual fuel gas and diesel power plant, in Willington, UK.
Designated Siemens CEO Kaeser has disclosed the 2014 profit margin target might be lowered from 12% to 10%. "Whether a 2-digit margin is achievable, depends on the competition ... but what is important is that we reduce the profitability gap between us and the competition," he said in a press conference in Munich late Wednesday.
Waste heat absorption to prevent power use and to reduce fuel consumption during summer Combined Heat & Power (CHP) operation is an often overlooked feature, Manfred Klein, former chairman of the Industrial Applications of Gas Turbines (IAGT) Committee told Gas to Power Journal.
Mitsubishi Power Systems Americas (MPSA), the US arm of Mitsubishi Heavy Industries (MHI) has completed performance testing of a Selective Catalytic NOx Reduction (SCR) system before installing it at an 800MW gas turbine simple-cycle power plant.
Smoother airfoil designs through Tomo-Lithographic Molding (TOMO) help improve the cooling capabilities of gas turbines and increase overall efficiency, Siemens representative Tim Rokita told Gas to Power Journal.
July 30 - Samsung Electronics Co and S&C Electric Co have joined forces to develop an energy storage project that could save Britain up to £300 million annually once 2 GW of storage is installed by 2020.
The project comes at a cost of £28.5 million and will be capable of storing up to 10 MW-hours of electricity.
Old Dominion Electric Cooperative (ODEC) has contracted Mitsubishi Power Systems Americas supply two gas turbines and associated generators for its 1,000MW Wildcat Point power plant project.
Project finance of new power plants in the UK hinges on the final structure of the government's proposed capacity mechanism. "We would hope that projects should be able to secure a debt-equity ratio in the region of 60/40, but the devil will be in the detail and we don't anticipate [regulatory] details being finalised until Q1 2014," George Grant, co-founder and director of Stag Energy told Gas to Power Journal in an interview.
Power and automation technology group ABB has won an order worth $21 million from Columbia's EPM, a multi-utility and telco focusing on power generation, to build a new gas-insulated switchgear transmission substation in Santander.
Bowing to regulatory pressure, Wall Street's bellwether trading house JP Morgan Chase has decided to exit physical commodities trading which includes ownership of power plants and metal warehouses.