Alstom Thermal Power has signed a contract worth over €100 million (US$12 million) with Arabian Bemco Contracting Co. & GS E&C to provide the steam tail for the Riyadh PP12 gas-fired power plant being constructed by them for the Saudi Electric Company (SEC).
EPEX SPOT and EEX, the French and German partner bourses, are calling for a Europe-wide instead of a national design of future power markets with a view to incentivise investment and accommodate the growing share of renewable.
Centrica's North American subsidiary, Direct Energy, has agreed to buy two New York-based power retailer Energetix and NYSEG Solutions for US$110 million (£71 million) in cash, plus additional working capital.
MCV Holding applied today to the Michigan Department of Environmental Quality (MDEQ) for an air permit to install of a 640 MW combined-cycle natural-gas-fired power plant (CCPP) at a MCV-owned site in Midland, Michigan. The company currently owns and operates a 1,630 MW CCPP at the site.
French investment bank Société Générale has revised down its gas and electricity forecast for the financial year 2012, prompted by a 2.7% year-on-year drop in gas demand in the first half of this year.
Duro Felguera, a Spanish engineering and construction company, has won a contract to realise the gas-fired Vuelta de Obligado power plant project (800 MW) in Argentina in cooperation with GE and the local engineering firm Fainser, on a turnkey contract basis.
Japanese Marubeni Corporation has won a contract to carry out a gas turbine overhaul for the Ywama combined cycle power plant (CCPP) in Myanmar from Myanma Electric Power Enterprise (MEPE). Hitachi will supply the parts needed for the overhaul works.
Bharat Heavy Electricals Ltd (BHEL) has commissioned the third 250 MW gas turbine at the 1,500 MW Pragati-III Combined Cycle Power Plant (CCPP) in Delhi, India. "The full load operation of the unit has been achieved within a day of unit getting synchronized," BHEL said.
GDF SUEZ subsidiary International Power, in association with consortium partners, has been selected as preferred bidder for the combined heat and power plant CHP5 in Ulaanbaatar, the capital of Mongolia.
Natural gas prices as delivered to power plants in the U.S. plunged to a ten-year low in April, allowing gas to reach parity with coal in net electric power generation for the first time since the Energy Information Administration (EIA) began collecting data.
Gazprom has entered negotiations with E.ON on a special pricing mechanism for gas used for power generation, which prompted Societe Generale to forecast that the majority of gas in Europe will not be priced under an oil-linked formula as of 2014e.
Swiss power and automation technology group ABB has won two orders to help Swedish iron ore producer Northland Resources operate its new concentrator plant at the highest levels of energy efficiency. "The extremely tight schedule makes this project unique," ABB said with reference to production start-up planned as early as November 2012.
Wartsila India has launched a Remote Monitoring Station in the southern Indian city of Chennai. The new station will ensure real time monitoring of power plants by Wartsila personnel in Chennai, backed by technical support from Wartsila Condition Based Maintenance (CBI) Centre in Finland. Wartsila expects the plant monitoring will save maintenance costs and improve their operational reliability.
Wood Group GTS, an independent provider of rotating equipment services, has won a $1 million contract to effectuate a combustion inspection on a GE Frame 7EA dual fuel gas turbine at a power plant located in Kansas, U.S.