Germany needs a "reformed market design" whereby secure power generation capacity should be rewarded and renewable energy must take responsibility for its impact, says Trianel CEO Sven Becker. Operations of fossil power plants are loss-making as wholesale power prices are at rock-bottom lows, he told a press briefing at the E-World energy conference in Essen today.
In a drive to replace small, ageing coal-fired power plants, Duke Energy has invested around $1.5 billion to build and commission two gas-fired plants in North Carolina, with a third plant worth $600 million due to start-up later this year.
Alstom, in consortium with Japan's Sumitomo Corp., has won an engineering, procurement and construction (EPC) contract by Electricity Generating Authority of Thailand (EGAT) to supply equipment and build the 850-megawatt North Bangkok combined-cycle power plant block 2.
The Saudi energy company ACWA is venturing to invest in Turkey in partnership with Eser Holding to build a gas-fired combined-cycle power plant on a green field site in Kirikkale, central Anatolia. Realising the 800 MW plant project comes at a cost of up to US$ 930 million.
RWE expects compensation from Gazprom dating back until spring 2010 as part of an out-of-court settlement that would end a price arbitration case over gas import contract , its CEO told a German newspaper. "We expect that we will have an agreement in the first half of this year," RWE chief financial officer Bernhard Guenther told the German newspaper 'Boersen-Zeitung'. He revealed RWE expects Gazprom to pay compensation reaching as far back as spring 2010.
In the face of a global trend toward a green energy, efficient use of natural gas at peaking plants play a central role in ensuring security of electricity supply, says Dietmar Siersdorfer, chief executive, energy at Siemens Middle East. Peak-load gas turbines upgraded with Wet Compression technology can produce up to 15 percent more electricity output, he said, and take better advantage from high peak load electricity prices.
Hit by persistently low spark spreads, SSE has decided to halt operations at its ageing gas-fired combined cycle power stations at Keadby (760 MW) and Medway (688 MW) for a comprehensive maintenance programme aimed at enhancing the plants' operational flexibility from March 2013 onwards.
Shanghai's largest cogeneration facility, the Caojing plant will host GE's first Dry Low NOx (DLN) 2.6+ combustion system upgrade for an installed 9FA 3-series gas turbine in Asia. GE said the equipment for the first DLN 2.6+ upgrade will be shipped in October 2013, with schipment for the second upgrade due in January 2015.
Europe's ailing recovery and decreasing gas-to-power demand, in competition with coal and renewable energies, is forecast to put a lid on LNG demand for years to come, analysis from PIRA Energy Group shows.
Shell aims for a growing engine oils segment by launching a new sour-gas compatible lubricating oil. "There could be a 10% sales growth in the stationary gas engine oils segment this year," Richard Holdsworth, Global Brand Manager for Shell Power Lubricants told Gas to Power Journal.
E.on, Germany's biggest utility by revenues, is considering the part-closure of one of Europe's most modern gas-fired power stations in Irsching, Bavaria. Dr. Johannes Teyseen, E.on chief executive, said "the rapid growth of renewables has made gas-fired plants largely uneconomic to operate".
China's electricity production has surged more than 200% since 2000, spurring the nation's hunger for coal – the primary fuel for power generation. Coal consumption in China now accounts for 47% of global coal consumption – nearly as much as the entire rest of the world combined.