Daily News

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.

Israel's Dalia Energy confirmed today it entered a $5 billion gas supply agreement with Delek Drilling and its partners to purchase natural gas produced at Israel's Tamar gas field over a period of 17 years. The gas supplied under the deal will be solely used for power generation, a Dalia Energy representative told 'Gas-to-Power Journal'.

Denmark's DONG Energy has implemented the REMIT regulation and will publish production data from its power plants on its website "very soon", the Danish utility confirmed to Gas-to-Power Journal today.

Electricity of Vietnam (EVN) plants to invest in nine power generation projects in 2012 in an effort to boost domestic electricity supply to match rising electricity demand in the south-east Asian country.

India's TATA Power Company Limited (TPCL) will use natural gas, not coal, as a fuel to operate its proposed 2,000 MW power plant, located near Naraj Marthapur, Barang. TPCL decided to change the technology of its proposed plant towards using more environmentally friendly natural gas, following a row with green activists over potential fly ash generation from the proposed coal-fired plant on the wildlife in the Chandaka Dampada sanctuary.

Tokyo Electric Power (Tepco) said it will increase the power generation capacity of gas turbines at its Chiba power plant, located close to Tokyo. The move is part of efforts to boost the company's overall power generation capacity from gas-fired plants to counterbalance the loss in electricity generated from nuclear reactors after the Fukushima nuclear crisis.

Deutsche Bank today slashed its price projections of the German baseload power price for 2012 and 2013 on the back of an expected drop in demand of electricity, natural gas and carbon emission allowances in Europe in the prolonged recession.

Bis Enerji, the developer of one of Turkey's largest independent power plants has again selected General Electric (GE) as a supplier of a 48-megawatt (MW) LM6000-PC Sprint aeroderivative gas turbine and related services to independent power producer Bis Enerji Elektrik Uretim AS. The new LM6000-PC Sprint unit and an associated steam turbine–generator will increase the cogeneration plant's installed capacity from 410 MW to 495 MW when it enters commercial operation in August 2012.

News in Brief

Italy’s power exports Montenegro surge

Jan 22 – Italian electric power exports increased by 28% in 2020, largely driven by flows to Montenegro which surged 26% to 8.6 TWh. In contrast, domestic power demand fell 6% last year to 271.6 TWh with electricity sales from conventional plants down nearly 9% to 140.5 TWh, figures by the Italian energy exchange GME show.

US considers new nuclear

Jan 21 – The new US President Joe Biden has said his country could construct new nuclear power plants and reiterated plans to “swiftly rejoin” the Paris Climate Agreement swiftly. Germany’s environment minister, Svenja Schulze, called it illusionary to believe that newer, smaller reactors will be a technology of the future.

Mitsubishi produces methanol in Trinidad

Jan 20 – Mitsubishi Gas Chemical Company has launched commercial operations of a methanol and dimethyl ether plant in Trinidad and Tobago. The plant has an annual production capacity of one million tons of methanol and 20,000 tons of dimethyl ether, which can be used as an alternative fuel for cars and power generation.

First 8-cylinder B36:45 engine delivered

Jan 19 – Rolls-Royce has delivered the first 8-cylinder variant of its Bergen B36:45 gas engine to a tomato producer in Belgium. The medium speed genset is planned for delivery this spring and will drive an onsite power plant that generates 4700 kW electricity and 5520 kW heat. The new engine offers a 20% increase in power per cylinder and will replace an existing Bergen 12-cylinder B35:40 genset.

Moody’s upgrades Enel to Baa1

Jan 18 – Moody’s Investors Service has upgraded Enel’s long-term rating to Baa1, with a stable outlook. The upgrade reflects Enel’s progress in reducing its risk profile, analysts said, pointing at the Italian utilities ongoing investment in networks and renewables, growing geographical diversification and focus on centralised financing.

GE sues Siemens Energy

Jan 15 – General Electric has sued its German rival Siemens Energy over the alleged use of stolen trade secrets to win gas turbine contracts worth several billion dollars. GE told the US district court in Virginia that Siemens received the secret information from a Dominion Energy employee.

Orbital Energy launches Eclipse

Jan 14 – Nasdaq-listed Orbital Energy Group has launched a new subsidiary, Eclipse Foundation, a drilled shaft construction company. The new company specialises in providing services for power transmission and substations, communication tower and a disaster restoration through emergency power.

S’Korean coal and LNG imports slide

Jan 13 – South Korea’s imports of thermal coal and LNG have fallen 12% and 11%, respectively, as the government cracks down on fossil fuel usage to curb air pollution. Customs data shows that coal imports amounted to 10.2 million tons in December, down 1.4 million tons from the same month last year but up from November’s imports of 9.5 million tons.

SMC builds 1.7 GW CCGT in Batangas

Jan 13 – Excellent Energy Resources, part of SMC Global Power Holdings, is building a 1,700 MW combined cycle gas power plant in Barangay Dela Paz and Ilijan in Batangas City with investments of about 67.863 billion Philippine Pesos ($1.41bn). The project is estimated to be completed in 36 to 40 months.

UK’s National Grid issues supply warning

Jan 12 – Natural gas prices in the UK surged as National Grid issued warnings on supply deficit as LNG cargoes are being diverted to North Asia. Prices at the British NBP gas trading hub soared to the equivalent of $8.95 per MMBtu, while the JKM price for North Asian spot LNG cargoes for February 2021 was last at $19.700 per MMBt.

Fortistar invests in hydrogen

Jan 11 – Fortistar, a privately-held fund, has joined an equity investment of up to $157 million in hydrogen producer BayoTech. Cottonwood Technology Funds and the New Mexico State Investment Council also participated in the latest financing round. BayoTech’s systems produce local hydrogen close to the application, serving end users in the industrial gas and petrochemical segment as well as those who use of hydrogen to power fuel cells.

Ashtead appoints new CFO

Jan 5 - Ashtead Technology has appointed a chief financial officer (CFO) and five managers for newly created roles across its international team. The appointments are meant to cement the company’s position in the offshore energy market, including offshore wind and decommissioning of thermal power plants

NFE secures LNG for Puerto Rico, Mexico and Nicaragua

Dec 23 – New Fortress Energy (NFE) has agreed to purchase Henry-Hub-indexed LNG for its integrated gas and power businesses in Puerto Rico, Mexico and Nicaragua. The New York-based project developer said it now has covered 80% of its expected needs throughout Latin America, thus reducing its need for spot purchases and its exposure to changes in the market price for LNG.

China and Korea mandate coal-to-gas switch

Dec 22 – The Chinese government has launched a coal-to-gas boiler switching programme, targeting 7.1 million homes, which makes gas demand more weather-sensitive this winter. Similarly, South Korea mandated the closure of 15 coal-fired plants since the start of December in an effort to reduce air pollution. Analysts expect this will accelerate the drawdown of LNG terminal inventories going into Q1-2021.

GE repowers oil field in Brazil

Dec 21 – GE Power Conversion has been awarded a contract by Sulzer Pumps UK to supply motors for four water injection pumps of a Floating Production Storage and Offloading (FPSO) vessel. The 8,000 kW, two pole motors will run at 3,600 rpm with a limitation of the starting current at 300%, enabling the oil and gas field operator to optimise the generator which supplies electricity on the FPSO.

VELO distributes Sapphire Metal 3D-Printers in the US

Dec 18 – California-based VELO3D has formed a distribution partnership with GoEngineer for Flow pre-print software, Sapphire metal AM printer, and Assure quality assurance and controls. GoEngineer will be VELO’s only distributor in the United States.

Indian electric boats to achieve zero emissions

Dec 17 – Cochin Shipyard, India’s largest shipbuilder, has asked Siemens Energy to equip India’s first fleet of 23 boats with electric propulsion drive train, integrated with batteries and vessel automation. Combining the electric propulsion drive trains, energy storage, and automation systems is expected to significantly reduce fuel consumption.

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