Profits of Tuas Power of Singapore, a unit of Huaneng Power International of China has dropped 18.77 percent for the financial year ending 31 December 2012 as a result of new power generation capacity coming to the market.
Construction of Calpine Corporation's new 309MW gas-fired Garrison Energy Center in Dover, Delaware has begun, according to local media reports. The combined-cycle power plant (CCPP) is expected to become operational by June 1, 2015 and is designed to accommodate a further 309MW expansion, should market conditions be favourable.
Alstom has renewed a maintenance contract worth €90 million with Petrobas for seven years to service power generation equipment at their Governador Leonel Brizola (Termorio), Fernando Gasparian (Piratininga) and Celso Furtado (Termobahia) gas-fired combined cycle power plants (CCPPs) in Brazil.
AltaGas Ltd. has entered into a purchase and sale agreement with affiliates of LS Power Equity Advisors to buy Blythe Energy, LLC through its indirect wholly owned subsidiary AltaGas Power Holdings (U.S.) Inc. for $515 million. Blythe Energy owns the Blythe Energy Center, a 507MW natural gas-fired combined cycle power plant (CCPP), associated major spare parts and a related 230 kV 67-mile electric transmission line in Southern California.
Amid abating speculation of EU intervention to support the Emissions Trading System (ETS), UniCredit forecasts the price for carbon emissions allowances will "remain in a downward trend", which would have a negative impact on the profitability of clean-burning gas as a fuel for power generation compared with coal.
Yokogawa Middle East B.S.C., a subsidiary of Yokogawa Electric Corporation has been awarded a contract to supply its CENTRUM VP integrated production control systems to two gas-fired combined-cycle power plants (CCPP) in Egypt. The control systems will be supplied to the 750MW Banha CCPP and the 1500MW Giza North CCPP.
The Electric Reliability Council of Texas (ERCOT) at its March meeting on Monday approved a Weather-Sensitive Emergency Response Service pilot scheme prior to the upcoming summer that will expand its options to reduce electricity use during the peak summer season when power demand is high and supplies are tight.
The long-run trend in the U.S. of slowing growth in electricity use relative to economic growth will continue through 2040. The projected growth rate in electricity use is forecast to be less than half the rate of GDP growth, reference case projections in the EIA's annual energy outlook 2013 show.
Japan's Mitsubishi Heavy Industries, Ltd. (MHI) has confirmed shipment of 13 sets of power generation systems operated by diesel engine to the Yangon City Electricity Supply Board (YESB) of Myanmar. The generators are provided as part of emergency grant aid from the Japanese government in response to Myanmar's current power crisis.
Gazprom has confirmed its interest in buying combined-cycle gas-fired power plants in Europe, despite competition from cheap coal that makes burning coal more than burning coal in most western European markets.
The details of the government's new capacity mechanism will have an important impact on the future of gas-fired power generation in the UK, Chris Anastasi, Head of Government Affairs, Policy and Regulation at GDF Suez Energy told Gas to Power Journal at this year's IMech Steam Turbine and Generator User Group in Coventry. "We're looking to see what the rules and regulations are going to be because there are some models that work better than others," he said.
The UK government needs to provide more clarity on details of the Energy Market Reform (EMR) bill which is currently going through Parliament if investments in new plants are to be made in time to avoid energy shortages in the next few years, says Ignacio Galán, Chairman of Iberdrola and ScottishPower.