Utilities and independent power plant developers in the United States typically bring their new electric generators into commercial operation either in early summer or before year-end. Between May and July of 2013, power plant developers plan to start-up about 5 GW of new capacity, the U.S. Energy Information Administration's (EIA) Annual Electric Generator Report shows.
Global Power has seen total revenue for 2012 rise to $462.8 million, up $6 million from the previous year. The Texas-based company also saw total revenue in its product division – responsible for designing, engineering and manufacturing equipment for gas turbine power plants and other power related operations - rise to $193.7 million, an increase of 23 percent.
Japan will require significant investment in its natural gas infrastructure to cope with the increase in demand following the Fukushima nuclear incident which propelled up the power sector's share in national gas demand from 60 percent to 65 percent, according to a report by the International Energy Agency (IEA), published under the lead of Warner ten Kate, Senior Gas Expert.
Sam Laidlaw, Chief Executive of Centrica has warned of an imminent "energy gap" in the UK, suggesting "the loss of [old coal-fired] power stations will seriously reduce our capacity to generate electricity." Renewables will help but they're intermittent, so he suggested the only realistic option to solve the problem would be new gas-fired power stations.