Qatar General Water & Electricity Corporation (KAHRAMAA) has contracted Siemens to carry out the largest-to-date expansion of the Emirate’s power transmission network. The deal, valued at €790 million, will see Siemens deliver 35 turnkey super and primary substations for Phase 13 of the Qatar Power Transmission System Expansion project. Completion is scheduled for 2019. “With this new order intake, our completed and under execution projects with KAHRAMAA total nearly €2.5 billion,” said Ralf Christian, CEO of Siemens Energy Management Division.
Nest Learning Thermostat, which partners with utilities to provide residential Demand-Side Response (DRS), shows how bilateral contracts for flexibility services can be utilised for the integration of renewable resources. Their so-called ‘Rush hour rewards’ scheme offers end-customers a menu of contracts with different lead times (from on-demand to 24-hour advance notice), duration of adjustments in electricity consumption (30 mins to 4 hrs) and payments.
Nigeria has approached the World Bank for a $5.2 billion loan to expand power generation capacity and help the West African nation recover from its first recession in over two decades. Observers doubt, however, that the government in Abuja can reach its goal to triple Nigeria’s installed electric capacity by 2025.
Asian investors used to pour over $20 billion into US Lower 48 assets in the period 2010-13, mostly in shale plays – but this cashflow dried up some three years ago and has become “negligible,” particularly on the Permian tight oil play. Wood Mackenzie says this trend is about to change, anticipating some of Asia's largest upstream players “wish to diversify and grow production.”
US power solutions provider Cummins has launched a new gas generator set across 50Hz regions. Supplying electrical efficiency of up to 43.8%, the upgraded QSK60 gas engine can reduce total cost of ownership for its customers and is particularly tailored towards combined heat and power (CHP) applications.
Siemens and Chromalloy Gas Turbine have joint forces and agreed to invest approximately $130 million to create a new joint venture called Advanced Airfoil Components. The JV will create up to 350 new jobs in the United States and will supply Siemens with turbine blade and vane cast components for power generation. Shipment of initial components is slated for 2018.
In the run-up to the 2017 UK General Election, Theresa May has promised to impose a cap on standard variable power tariffs in the Tory manifesto to end what she calls the “injustice” of rising energy costs. Under the proposed plan, the energy regulator Ofgem would set a limit for the standard variable tariffs that customers move to by default after their existing deals run out. This measure is meant to save about 17 million customers up to £100 a year.
Levelized cost of energy (LCOE), a common metric for project costs, measures a power plant’s lifetime and operation-cycle and amortizes these costs over an assumed lifetime. Yet, EIA analysts pointed out LCOEs do not include contractual terms on price, duration, or price inflators, hence “they should not be directly compared with other prices such as power purchase agreements.”
German engineering firm MAN Diesel & Turbo and Mitsui Engineering & Shipbuilding are intensifying their technical collaboration. The aim is to jointly offer propulsion and energy solutions, notably for Floating Production Storage and Offloading systems (FPSO), as well as steam turbines and compressors – mainly for the Japanese market.
ActiveWall and Virtalis’ Visionary Render (VR) software has revolutionised processes at GE’s Swiss manufacturing site as it allows engineers to access and experience a real-time, collaborative, and immersive VR environment created from huge multi-source 3D datasets.
Ofgem, the UK energy regulator, is reviewing incentive schemes for small gas, diesel-fired power plants – a withdrawal of subsidies could make developers scrap 2,000 MW of planned capacity. Operators of larger combined-cycle gas power plants argue, however, that payments to distributed gensets have led to a ‘market distortion’ which discourages investments in CCGTs.
Lynn Good, CEO of Duke Energy has said her company will invest $11 billion to generate cleaner energy through renewables and natural gas, and expand power and gas infrastructure. "We have set a new goal to reduce our carbon emissions by 40% from the 2005 level by 2030," she told shareholders.
The United States Environmental Protection Agency (EPA) has awarded Wärtsilä with an emissions compliance certificate for its 34DF dual-fuel engine family. The EPA Tier III, and the corresponding EIAPP certificate, were both issued in March covering engines manufactured until the end of 2017.
Durban, one of South Africa’s busiest port cities and a major manufacturing hub, has asked ABB to help connect more substations and remote terminal units (RTUs) across an industrial area of around 16 square kilometers. Wireless communication will enhance the reliability of electricity supply.
Indonesia consumes half as much electricity as Britain, despite being four times as populous. Eager to step up electrification, President Joko Widodo promotes private ventures that seek to add 35GW of new capacity within five years – a plan that comes at an estimated cost of up to $73 billion.