Alstom Thermal Services has been awarded a contract worth close to €7 million ($8.6 million) by the Comisión Federal de Electricidad's (CFE) to upgrade of the main electrical equipment of unit 4 of the 'El Sauz' combined cycle power plant (CCPP).
Turkey's Privatization Administration (OIB) will launch a tender to sell the 1,200-MW gas-fired Hamitabat power station in Tekirdag, in the north-western region of Turkey.
Germany's second-largest utility RWE on Tuesday announced it will cut more than 2,400 jobs as first-half year profit came in 'unchanged', while electricity sales fell 8 percent and gas sales dropped 11 percent. "The present framework conditions are anything but favourable", Peter Terium, RWE chief executive said when presenting the H1 results in Essen today.
Siemens Flex-Plant technology enables the operator of the new 300-MW Lodi Energy Center (LEC) to deliver about 200 MW of power to the grid within 30 minutes. California Power Agency (NCPA) runs the plant in full commerical operations since August 10.
Average on-peak wholesale electricity prices in the US have plunged between 24% and 39% across major price hubs from January to June this year as natural gas prices fell to a 10-year low, according to EIA statistics.
German utility E.on today posted a Eur2.4 billion increase in its H1 earning to Eur6.7 billion, largely due to successful gas negotiations with suppliers.
As profitability at several of E.on's conventional gas- and coal-fired power plants across Europe is squeezed due to reduced operating hours and low power prices, E.on chief executive Johannes Teyssen said plant closures may have to be considered.
Toshiba International Corporation (TIC), the US subsidiary of Toshiba's thermal power generation business, has won a major order from Burns & McDonnell Engineering to supply and install components to retrofit a 800 MW steam turbine at the Ottumwa Generating Station in Iowa, US.
Global Power Equipment Group said it "remains optimistic regarding future prospects for new natural gas-fired power generation projects", despite posting a drop in Q2 revenue to $94.7 million, down from $138.3 million due to shipment delays and reduced maintenance services.
Mitsubishi Heavy Industries Environmental & Chemical Engineering (MHIEC) has won an order from Oita City, Japan, to modify operation at a large-scale municipal waste-to-energy plant with a view to extending the operational lifetime and advance energy-savings.
Japan's high gas-to-power to backfill nuclear generation capacity will be a key driver to prolong the diversion of LNG cargoes from Europe to Asia until 2015, UK investment bank Barclays said in a research note.
South Korea's POSCO Engineering and Construction has won an order worth $700 million to build a 300MW steam power generation plant and a transformer station in the semi-autonomous Kurdish region in northern Iraq.