Dresser-Rand, a global supplier of rotating equipment solutions, has been commissioned by Max Bögl Group to install an indirectly fired KG 2-3 G gas turbine at its new biomass cogeneration plant in Bavaria, Germany.
Israel Electric Corp (IEC) has fast-tracked a tender for buying five gas turbines in an effort to bolster electricity supply ahead of the summer demand peak. Bidders for IES’s tender to buy five used mobile gas turbines (25 MW each) were asked to submit their bids within only 14 days.
Investors in new cogeneration plants in Spain eagerly await the introduction of a new support mechanism.
“An extension of
Profitability of combined cycle power plants (CCGTs) in Spain is likely to deteriorate further on rising electricity supply from solar PV and wind power generation. “We may not have reached the bottom yet. No investment in new CCGTs is likely in the next 10 to 15 years,” James Cox, Principal Consultant, Poery Energy Consulting, said at the ‘Gas to Power conference’ in Valencia today.
The share of LNG re-exports from Spain has risen to a record 30% of import volumes in 2012 as shippers divert cargoes contracted on flexible terms to profit from high gas prices in Asia, lga Vedernikova, LNG Divisions Director at Clarksons said today. Spain gas demand is forecast to remain on low levels, leaving regas capacity underutilized.
The volatility of natural gas demand in Spain is set to rise as the integration of electricity and gas market intensifies, Maria Teresa Bravo, responsible of European gas infrastructure development at Enagas said today. "Natural gas is as a facilitator for Spain's rising renewable energy production, therefore gas infrastructure needs provide sufficient flexibility for gas to play that role, she said at the LNG & Gas-to-Power conference in Valencia.
Operating profit of Statkraft, Norway's largest utility, eased off slightly in the first quarter as the negative impact of lower power prices was offset by higher electricity production.
Japan's hunger for LNG imports to fuel gas-fired power plants is set to ease off gradually as a regional government approves the restart of nuclear reactors. Global LNG markets, however, are forecast to stay tight, investment bank JP Morgan forecasts.
German engineering conglomerate Siemens has started a second project on carbon capture and storage (CCS) with the Masdar Institute. The R&D projects focus on improvement and adaptation of proprietary Siemens Post-Combustion technology to CO2 capture at gas fired power stations, the Erlangen-based company said.
Russia's energy minister Anatoly Yanovsky has backed efforts of Gazprom to go downstream by buying gas-fired power generation assets in Western Europe.
Bharat Heavy Electricals Ltd (BHEL), an integrated power plant equipment manufacturer, has bagged a Rs.3800 million (US$70.43 million) contract for setting up a 160 MW Combined Cycle Power Plant (CCPP) in Rajasthan.
E.ON has not decided on whether to close three gas-fired power plants with a combined capacity of 1,420 MW in southern Germany. "We have not taken a formal decision on whether to close these or other gas-fired plants but we in the process of evaluation the profitability of each plant," an E.ON spokesman said today, dismissing contrary news reports.
Wärtsilä, supplier of flexible and efficient power plant solutions, has signed an Operations & Maintenance (O&M) agreement with South Africa's Sasol New Energy Holdings. The three-year agreement covers Sasol's gas engine power plant project in Sasolburg, South Africa.
Franco-Belgian utility GDF Suez has sold a 40% stake in Bahrain's Al Hidd power and water plant to Malakoff, Malaysia's largest independent power producer for US$113.4 million (€87.6 million). The divestment was made to fulfil a Bahraini regulatory requirement.
Drax Power Station is a month away from completing a £100 million upgrade programme to modernize the steam turbines. Upon completion, Drax and Siemens will have replaced the low pressure and high pressure turbines on all six units at the power station.