Daily News

Investments in energy is "a high priority" for the Singapore government, Stephen Hill, senior trade & investment officer at the British High Commission told Gas-to-Power Journal today. Singapore's power stations mainly use imported natural gas, as "the city-state has no domestic oil and gas resources and limited opportunities for renewable energy generation in comparison to other countries," he said.

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.

News in Brief

Statkraft, GE enhance GB grid stability

July 10 – Statkraft and GE Power Conversion are working together to stabilise Britain’s power grid. To that end, GE will manufacture and install two Rotating Stabiliser synchronous machines at Statkraft’s site in Keith, Moray. Statkraft was awarded four stability contracts (two at Keith and two at Lister Drive) by National Grid ESO (NGESO) earlier this year.

Siemens Energy spin-off approved

July 9 – A large majority of Siemens shareholders have voted to approve the spin-off of the company’s energy business. The spin-off was approved by 99.36 percent of capital stock represented at today’s extraordinary shareholders’ meeting.

Central Hudson links solar farms to VPP

July 9 – Central Hudson Gas & Electric Corp has established its distributed generation program within the broader context of New York State’s energy plan. Together with Sensus and their Remote Telemetry Module (RTM-III), the Central Hudson will monitor decentralized solar PV backed up by flexible gas gensets.

Siemens and GREEN Solar turn German town CO2-free

July 8 – GREEN Solar and Siemens Energy are jointly developing a concept for making Herzogenrath CO2-free. The plan is to provide an energy-efficient and economical combination of solar power plants, wind turbines, batteries, CHP and combined cycle power plants, as well as heat and hydrogen storage. The hybrid system will be built on the grounds of Nivelsteiner Sandwerke and will be large enough to cover the city’s entire energy demand with zero CO2 emissions by 2030.

Denmark paves the way for Nord Stream 2

July 7– Denmark on late Monday gave the Nord Stream 2 consortium permission to utilize pipe-laying vessels with anchors in Danish waters, paving the way for the Gazprom-led consortium to complete the interconnector. Construction of the 1,230-kilometre pipeline is nearly complete, except for a final stretch of about 120-kilometers in Danish waters. The project was halted in December when the Swiss-Dutch pipe-laying company Allseas suspended works over threats of U.S. sanctions.

EPRI tests early warning system

July 6– The Electric Power Research Institute (EPRI) is conducting trial tests with multiple utilities across the United States of an early warning system. It can detect an off-gassing event as a precursor to thermal runaway up to 30 minutes prior to a cascading failure. This gives plant operators time to mitigate the problem or shut down the system.

KKR buys stake in First Gen

July 3 – Valorous Asia Holdings, owned by KKR investment funds, has bought a 11.9% stake in First Gen through a voluntary tender offer. First Gen, one of the Philippines’ largest independent power producers with 3,492 MW installed capacity, is owned by First Philippine Holdings which is controlled by the Lopez family. KKR’s acquisition of the First Gen stake is worth nearly $192.3 million.

Gazprom’s ‘BBB’ rating affirmed

July 2 – S&P Global Ratings, Moody's Investors Service and Fitch Ratings have affirmed Gazprom's long-term credit ratings as part of their annual reviews. The ‘BBB’ ratings for Gazprom from S&P and Fitch are in line with the sovereign credit rating of the Russian Federation, while Moody's ‘Baa2’ rating is a notch higher.

MHIEC to refurbish WtE plant in Kushiro

July 1 – Mitsubishi Heavy Industries Environmental & Chemical Engineering Co (MHIEC) has received an order from the Kushiro Wide-Area Federation to repair and improve the core equipment at the local Waste-to-Energy plant in Takayama. The WtE plant has a capacity of 240 tonnes per day (tpd). Renovation will increase the energy efficiency of the fluidized bed type gasification and ash melting furnace facility, reducing emissions by around 15% annually. Works are due completed in September 2023.

Nigeria: Only two of six power projects on target

June 30 – Nigeria’s Bureau of Public Enterprises has disclosed that only two out of six privatized power plants were delivered on target. Only Transcorp Power Ltd and Geregu Power Ltd out of the six privatised electricity generation companies (GENCOs) were said to have met their performance targets since taking over.

German investors prefer solar over wind

June 29 – Energy infrastructure investors are keen to build solar power projects in Germany, but shun wind parks. In the latest solar power auction, investors offered to build almost 450 MW of capacity – more than four times the 96 MW of volume on offer– with the average successful bid at 5.27 cents per kilowatt-hour (ct/kWh). The wind auction, in contrast, was undersubscribed: The German network agency  (BNetzA) tendered around 826 MW, but successful bids only totalled 464 MW, at an average price of 6.14 ct/KWh.

MAN ventures into synthetic fuels

June 26 – MAN Energy Solutions has entered the hydrogen economy with the recent pro rata acquisition of H-TEC SYSTEMS, an electrolysis tech firm. The German OEM also committed itself to upgrading its gas turbines to run on 100% hydrogen by 2030.

Varegro starts using Cummins gas genset

June 25 – Belgian-based horticultural company Varegro, has started to use a Cummins HSK78G gas generator to power its greenhouses in Oostrozebeke, West Flanders. Varegro said it selected the Cummins HSK78G genset to produce combined heat and power (CHP) on its premises at a competitive cost for use in energy-intensive greenhouse facilities.

GE names Deloitte as independent auditor

June 24 – GE’s audit committee has selected Deloitte as the company’s independent auditor for the 2021 fiscal year, replacing KPMG. The selection of Deloitte concludes GE’s latest audit tender process.

Northern German states push for hydrogen pilot cluster

June 23 – Northern German states are pushing for greater hydrogen use with a pilot project cluster. Some 12 large demonstration plants for the production and use of green hydrogen are meant to be realised in Hamburg, Schleswig-Holstein and Mecklenburg-Western Pomerania. The aim is to demonstrate how 75% of CO2 emissions can be saved in the region by 2035.

Wärtsilä to design and equip battery-powered ferries

June 22– The Finish engine maker Wärtsilä has been awarded a contract to design and equip two new zero-emissions ferries on behalf of the Norwegian operator Boreal Sjö. For each ferry Wärtsilä will supply the thruster motors, batteries, onboard and shore-based battery charging equipment, the back-up generators, and various electrical systems. The equipment is scheduled for delivery to the yard in early 2021 for the ships to start commercial operations in autumn 2021.

Subsidy cut slashes Chinese wind turbine margins

June 19 – China’s wind turbine original equipment manufacturers (OEMs) could have their gross profit margins halved due to subsidy cuts, Wood Mackenzie forecasts. Commissioned onshore wind power capacity is expected to drop by more than 16% to 19 gigawatts (GW) from 2020 to 2021 as government subsidies were terminated. This could also lead to a 27% drop in turbine prices over the next five years, slashing OEMs’ gross profit margins by half.

House ad Jul2020