Daily News

Enel, Italy's largest utility by market share, said today it will profit from the new Italian rate system for electricity distribution and metering services. "The new regulatory framework will generate a slight increase in 2012 rate revenues compared with 2011 levels," Enel said referring to preliminary earnings estimates.

Nuon has started to disclose details the availability of capacities of Vattenfall's power plants in the Netherlands and the Epe gas storage facility at the Dutch-German border on its website in order to comply with REMIT requirements.

China's State Electricity Regulatory Commission (SERC) has forecast an 8.5% drop in power consumption in 2012 on the back a slow-down in China's economic growth. Compared with the 11.7% surge in electricity demand to 4.7 trillion kilowatts hours in 2011, this development marks a significant decline in China's energy hunger.

Qatar's budget for 2011 and 2012 is "expansionary", with government spending on utilities forecast to double the $10bn spent over last decade. A special emphasis will be placed on infrastructure spending, including power generation capacity, Belton Financial forecasts with reference to the double digit growth rate of Qatar's electricity consumption.

Myanmar's government has abandoned plans to build a 4,000 MW coal-fired power plant in Dawai and is supporting gas-to-power projects instead to meet electricity demand in the country's special economic zone. "We will have a 500 MW gas turbine instead ... we will be able to get enough gas by about 2015," Myanmar's union minister U Khin Maung Soe said today.

Power cut hit Turkey's north-western region including the city of Istanbul over the weekend, following a system failure in a gas-fired power plant in the city of Bursa.

The link to Trayport's 'Global Vision (GV) Screen' as a trading interface has helped to boost the liquidity at the European Energy Exchange (EEX). "At the EEX, future trades are effectuated via Eurex and spot trades via Comserv, but trades can also be made directly via the GV Screen interface. This helped to boost liquidity together with other steps undertaken in 2011 such as extended Cross-Margining in the clearing process," EEX marketing representative, Eileen Hieke, told Gas-to-Power Journal today.

Korea Western Power Co. (KOWEPO) has selected GE technology for the first integrated gasification combined-cycle (IGCC) power plant to be built in Taean, South Korea. The Taean IGCC project will be the first commercial gasification combined-cycle plant to be developed under South Korea's Renewable Energy Portfolio Standard (RPS).

GE Energy has launched a new monitoring technology - Multilin P30 - to help power plant operators improve the surveillance and analysis of the electricity transmission and distribution network across large geographical areas.

Power trading in 2011 was the "mainstay of revenue" for the European Energy Exchange (EEX Group), the bourse said today when publishing a review of its business. The bourse said it observed "a shift in trading activities towards shorter terms" in the fields of power and natural gas.

Tokyo Electric Power (Tepco) today announced forecast of a fresh record volume of natural gas consumed for power generation as it aims to close the gap in nuclear power supply following the shutdown of its Fukushima Daiichi plant following an earthquake last March. For the financial year ending March 31, Tepco forecasts gas use will rise to a record of 22.67 million tonnes of liquefied natural gas (LNG), increasing an earlier estimate issued in November of 22.6 million tonnes.

Privatisation of 25 Iranian state-run power plants is planned to be carried out by March 21 – the end of the current Iranian year - Iran's deputy energy minister, Ali Zabihi, said today. The privatisation is part of efforts to liberalise the Iranian power generation market.

E.ON and Brazil's MPX Energia have entered an agreement to create a 50/50 joint venture with a view to developing power generation and related supply and trading activities in Brazil. As part of the deal, E.ON will get a 10% share of Brazil's MPX Energia by investing R$ 850 million (€350 million) in MPX forthcoming move to raise R$ 1,000,000,063.00 (€ 423 million) through a capital increase.

Wärtsilä Cooperation, a supplier of flexible power plant solutions, has been awarded two contracts to deliver power plant generation equipment to two power plants in Bangladesh. "The orders are included in the fourth quarter 2011 order book," the company said.

EU Commissioner Gunther Oettinger has advised RWE and E.ON to join forces and consider merging their businesses in order to become a truly competitive German player on international energy markets.

News in Brief

AI predicts peak in power use

Nov 20 – ABB and Verdigris Technologies have developed machine-learning algorithms to predict unplanned peaks in electricity consumption and help avoid them. The Energy Forecasting app will enable users to reduce their electricity bills by reducing peak demand charges.

India’s first UHVDC link commissioned

Nov 19 – GE Grid Solutions has commissioned Pole-3 - the ultra high-voltage direct current (UHVDC) transmission line in India, capable to transmit 4,500 MW of electricity. Once completed the Champa-Kurukshetra UHVDC project will be expanded to transmit 6,000 MW of electricity at 800 kV, serving customers in the areas of Punjab, Haryana, Delhi, Uttar Pradesh.

COP25 urged to step up climate efforts

Nov 18 – The COP25 UN climate conference in Madrid is urged to enshrine greater commitments from the world's industrialised nations to curb their greenhouse gas emissions. “Europe will have to play a key role in this regard,“ environment minister Svenja Schulze said, adding Germany's recently announced climate package marks a "restart" in the country's climate policy.

Wärtsilä launches ‘Expertise Centre’ in Singapore

Nov 15 – The Finish technology group Wärtsilä has chosen Singapore as the location for its latest Expertise Centre (EC) that provides operational support and dynamic maintenance planning, both for marine and energy business customers. All of Wärtsilä’s Expertise Centres combined currently monitor some 900 installations with more than 2,000 engines around the world.

U.S. storage injection hits record high

Nov 14 – Near-record volumes of natural gas have been placed into storage in the United States in the current injection season. According to the U.S. Energy Information Administration (EIA), the amount of gas held in storage in 2019 surged from a relatively low value of 1,155 billion cubic feet (Bcf) at the beginning of April to 3,724 Bcf at the end of October.

SaskPower proceeds with Moose Jaw project

Nov 13 – Canadian utility SaskPower has taken a significant step towards realizing a 350 MW gas power plant at Moose Jaw. The project was first proposed in 2017, but in the Canadian federal government June last year introduced new regulations for gas generation coming online after January 1, 2021, which stalled the plans. Having completed its regulatory review, Sask Power was now granted permission to proceed from the municipality of Moose Jaw. Major Fraser Tolmie said “this $700-million investment into the city of Moose Jaw, will ensure we have base-load power in the province of Saskatchewan and to maintain our power independence.”

Sembcorp powers up first BESS unit in the UK

Nov 12 – Sembcorp Energy UK, part of Singapore-based Sempcorp Group, has started to operate the first 60 MW unit of its battery energy storage system (BESS) fleet, supplied by GE. Combined, the three storage units in Leicestershire and Cheshire will bring Sembcorp Energy UK’s total energy portfolio to 973 MW.

Global gas glut may clear in 2021

Nov 11 – Economics of exporting American liquefied natural gas to Europe no longer add up. With Henry Hub spot prices around $2.7/MMBtu, moving LNG cargoes from the U.S. Gulf Coast to Europe is “not workable,” BP analysts said, indicating that production shut-ins could help clear the massive supply overhang towards the end of 2021.

Gazprom reassures Germany of Ukraine gas transits

Nov 8 – Alexey Miller, chairman of the Gazprom Management Committee, has been trying to reassure the German government commissioner Georg Graf Waldersee that Russia was ready to signing a new transit contract with Naftogaz if both companies mutually waive claims. Before gas flows can proceed, however, Ukraine will have to create an independent gas transmission operator by January 1, 2020.

GE makes gains in wind power

Nov 7 – GE Power is gradually turning away from its loss-making fossil power segment to focus on the fast-growing renewable business. This week, GE struck a deal for its new Haliade-X turbines to be used at Dogger Bank Wind Farms. The three 1.2 GW Dogger Bank projects, situated offshore the UK’s Yorkshire coast, are expected to trigger approximately £9 billion of capital investment between 2020 and 2026.

PetroVietnam eyes LNG-to-Power project

Nov 6 – PetroVietnam has signed an agreement with B.Grimm Power Public Company (BGRIM) to jointly study the development of an integrated LNG import and power generation project. The aim is to build a 3,000 MW gas-fuelled power plant and an adjacent LNG import terminal. The location of the project has not been disclosed.

ABB launches ‘Smart City’

Nov 5 – Electrification specialists of the Swiss manufacturer ABB have designed an interactive ‘Smart City’ that contains smart buildings, e-mobility, energy management and data centers. The use of smart technologies and digitalization are encouraged by the United Nations as a way to help decarbonize cities around the world.

Gazprom, BASF cooperate on sulfur separation

Nov 4 – The Russian major Gazprom and the German chemical company BASF have agreed to devise a comprehensive solution for separation of sulfur from natural gas. The aim is to  enhance eco-efficiency of the Astrakhan gas processing plant and improve operational efficiency of BASF’s amine gas treatment units at the Orenburg gas-fired power plant.

Germany’s emission fall ‘markedly’

Nov 1 – Germany is headed for second consecutive year of substantial reductions in carbon emissions, amid a sharp drop in coal-burn in the power sector and an overall decline in energy use in 2019. If this trend continues, the country could get much closer to its 2020 climate target than widely anticipated.

Exmar to refinance Tango FLNG

Oct 31 – Exmar, the Belgian shipping company, is trying to refinance the Tango FLNG vessel, moored offshore Argentina on behalf of YPF. The aim is to generate around $60 million in additional capital, Exmar said, suggesting a deal will likely be struck in the first months of 2020.

Petronet doubles net profit

Oct 30 – Indian LNG importer Petronet has nearly doubled its net profits in the third quarter although revenues fell by 13%. Net profits came in at 1,089 crore rupees ($153.6m), an increase of 90% on the same period in 2018 as the company benefited from India’s lower corporate tax rates. Third-quarter revenues, in contrast, fell to 9,449 crore rupees ($1.33 billion).

Wildfires spread around LA

Oct 29 – Thousands of Los Angeles residents have been evacuated as wildfires spread fast around the metropolis and power outages brought life close to a standstill. The risk of fires caused by overland transmission lines prompted Pacific Gas & Electric (PG&E) to prolong precautionary blackouts that could last up to three days.