Petronet LNG, India's largest importer of natural gas, has entered negotiations to build a gas-fired power plant in close vicinity to its upcoming Kochi LNG import terminal in Kerala. Following government approval, the three units of the plant (350 MW each) will be built in just 48 months time.
US power plant owners and operators plan to retire almost 27 GW of coal-fired capacity between 2012 and 2016, shifting the energy balance further towards gas generation. Key drivers behind the rise in coal plant closures are the modest growth in US energy demand combined with a continuous drop in relative fuel prices of gas compared with coal, the EIA said in its Annual Electric Generator Report.
Natural gas is the energy source that most countries are shifting towards as it becomes "permanently cheap," the CEO of GE forecasts. "It's really a gas and wind world today," Jeff Immelt was reported as saying on Monday.
The U.S. Department of Energy (DoE) has awarded a $3.8 million contract to Southwest Research Institute (SwRI) and industry collaborators to develop a novel gas turbine combustor for a concentrating solar power (CSP) hybrid gas turbine system.
Germany's third largest utility EnBW today reported a 26.3% drop in revenue 1.97 billion euros for its power generation and trading segment in the first half of 2010. EnBW was hit by the forced shut-down of two nuclear reactors last year as part of the German nuclear phase out.
Electricity generated from UK gas-fired plants has plunged to its lowest level in 15 years in April as a result of high gas prices, the Department of Energy and Climate Change (Decc) said on Thursday. Gas demand for power generation decreased by 16.7 percent, reducing the share of gas in the UK's energy mix to 40 percent, down from 46 percent last year.
Electricity consumption in Germany has dropped 1.4% to 261.5 TWh in the first half of 2012, mainly due to reduced demand from power-intensive industries such as steel production, preliminary data published by energy industry association BDEW shows.
U.K. utility Centrica considers closing-down the 360 MW gas-fired Petersbourgh Power Station and will review future of its gas-fired Roosecote plant (229 MW). The additional closures follows Centrica's recent decision to shut down the 325 MW King's Lynn plant and were announced when the company posted its annual report today.
Alstom India has secured a € 53M (US$64M) contract for the renovation of gas turbines at NTPC's 657 MW Jhanor Gandhar Gas Power Station Stage-1 project in the western state of Gujarat. NTPC, the state-controlled operator of the plant, is India's biggest power company with a total installed capacity of 39,174 MW supplied by 29 power stations.
Three GE 3.3-MW Jenbacher J620 cogeneration units are powering energy centers in London's Stratford City and Kings Yard areas to supply 10 MW for the London 2012 Olympic Games.
The European Commission today revealed further detail on three options for a set-aside of carbon allowances, which could lift the price of carbon by up to €6/ton, according to estimates of Thomson Reuters Point Carbon. Higher carbon prices would help lift the profit margin (spark spread) of gas-fired power plants.
South Korea's POSCO Energy has awarded Siemens an order worth 400 million euro to supply three H-class single shaft units for the 420 MW POSCO plant project. For Siemens this is the fourth order from a South Korean buyer of H-class technology within 18 months, following orders for the Bugok III, Ansan and Andong combined cycle power plants.