French investment bank Société Générale today forecast the German baseload 2013 clean spark spread – the profit margin from generating electricity using gas – will remain negative at €5.1/MWh.
The Japanese electricity sector is understood to be close to hitting a physical limit in its overall gas-to-power generation capacity at about 6 million tonnes per month. Keen to avert looming electricity shortages, the Tokyo government now considers restarting two nuclear reactors in April, according to a Japanese media report.
E.ON Energy has extended the 446 MW capacity reduction at its gas-fired power plant Irsching 5 until Wednesday, February 15, an E.ON Energy spokeswoman told Gas-to-Power Journal today. The plant operator had filed an Urgent Market Message (UMM) this morning, indicating capacity at the plant was cut due to "issues with fuel supply".
Power supply in Nigeria has plunged to as low as 3,900 MW from already reduced levels at 4,400 MW, as operations at the Sapele Power Station were halted following the failure of a domestic gas transmission pipeline that feeds the plant.
South Korean operators of gas-fired power plants increasingly focus on the efficient operation of their plants as prices for importing LNG remain at high levels. Siemens Energy, a major seller of gas turbines, has singled out efficiency as the key selling point for selling turbines into Asian markets.
Toshiba Corporation, a major supplier of thermal power generation equipment, has won a contract from the U.S. engineering and construction company Fluor to supply a 195 MW steam turbine and generator for a gas-fired combined cycle power plant (CCGT).
Siemens and RWE are gearing up to expand a jointly-operated virtual power plant (VPP) with additional energy sources. In 2012, RWE plans to market about 20 MW of electricity and the cap will be increased tenfold to about 200 MW by 2015, the companies said today.
Dominion Energy is considering converting the 745 MW coal and oil-fired Salem Harbor Power Station in Massachusetts into a natural gas-fired power plant. The Virginia-based utility already had to scale down the operations of the plant in reaction to rising coal and oil prices in relation to gas prices.
The Bangladeshi utility Energy Bangla expects to complete its 150 MW Chandpur gas-fired power plant project by June this year. "90% of the works for the project have been completed," the utility said with reference to an assessment of the Bangladesh Power Development Board.
The new UK energy minister, Charles Hendry, has criticised proposals and time-schedules of the European Commission's (EC) energy infrastructure plan as "overly prescriptive".
Operators of gas-fired power plants in Spain have joined forces to lobby for higher capacity payments in return for providing vital backup capacity to stabilize the grid against rising fluctuations in electricity supply from renewable energy sources, Stephen Woodhouse, Director at Pöyry Energy Consulting said. "In a true market environment, the flexible plants would earn higher prices for this new mode of operating but if there is a surplus of capacity then some of the generation fleet will become uneconomic," Woodhouse told 'Gas-to-Power Journal' in an interview.
BG Group, U.K.'s third-largest natural-gas producer, has forecast a 40% surge in underlying profits on the back of higher oil and LNG prices. "The outlook for global gas and LNG demand is strong," BG Group's chief executive Sir Frank Chapman said this morning.
RWE sees fossil power plants as vital partners of renewable energy sources. Quick ramp rates are vital to provide flexible backup capacity and gas-fired plants still in the lead, outperforming coal-plants. "It takes RWE only 18 minutes to ramp the output of its 876 MW Lingen combined cycle gas turbine plant up or down by 600 MW," a RWE spokesman told Gas-to-Power Journal.
General Electric (GE) has launched a new GE TS1000 coalescer, a gas turbine filtration product that improves plant performance and lowers maintenance costs for power plants in harsh weather conditions near costal environments.