Siemens Energy Service has signed a multi-year extension of a Long-Term Service Program (LTP) contract for Phu My 3 gas-fried combined-cycle power plant (740 MW).
The plant is Vietnam's first large-scale build-operate-transfer (BOT) financed power plant and is located in Ba Ria, Vung Tau Province. Since starting operations in 2004, it contributes reliable base load electricity supply to the Vietnam's power grid.
A cold spell in the US Northeast has propelled up forward gas prices in New England fourfold to levels rivalling north-western European prices, which could lead to an increase in LNG imports, the US Energy Information Administration (EIA) said.
GE will deliver and install five ecomagination-qualified, Jenbacher cogeneration systems at a new datacentre that China National Petroleum Corporation (CNPC) is building in the Beijing district of Changping.
Macquarie Group Ltd. (MQG), Australia's largest investment bank, has bought a second gas-fired power plants in the U.K., taking a long-term view that profitability of burning gas will improve.
Singapore conglomerate Keppel Corp's energy unit is mulled to consider taking a 30% stake in a cogeneration plant of Malaysia's oil and gas giant Petronas with a view to importing electricity.
The economics of gas generation in India hinge on peak production and buyers need to be prepared to pay higher prices for reliable power supply at times of peak demand, says Rajeev Mathur, executive director marketing at the Gas Authority of India Ltd (GAIL).
German investors eye new Combined Heat and Power (CHP) projects to benefit from upgraded support schemes and as public acceptance for new coal-fired power plants in densely populated areas reached a low point.
GE will install its zero liquid discharge (ZLD) wastewater treatment system at the Panda Sherman and Panda Temple combined-cycle power plants in Texas, allowing the two 758 MW gas-fired CCGTs plants to recycle and reuse most of its cooling tower wastewater.
The danger of power shortages in Brazil, the world's sixth largest economy, have dispersed as rainfall replenishes reservoirs at hydroelectric dams while energy minister Edison Lobao insists there will be "no shortages of gas for the thermo-electric plants".
The Canadian province of Ontario is will phase out almost its entire fleet of coal-fired power plants by year-end. Gas generation capacity and wind power is set to fill the gap, according to the government's long-term energy plan.
Steam turbines demand is expected to pick up slowly in Japan after 2014, Frost & Sullivan forecasts. The growth rate in the Asia Pacific steam turbine market contacted to 4.7% in 2012 from 50.4% in the previous year as coal-fired power plants using steam turbines were not used as a substitute for nuclear power shut-down in the wake of the Japan's Fukushima disaster, says Subha Krishnan, research analyst, Asia-Pacific Energy and Power Systems at Frost & Sullivan.