Projects & Finance

Venture Global has awarded Siemens a contract to supply and install three boil-off compressor (BOG) packages for the Calcasieu Pass LNG project, currently under construction. Kiewit, the project’s EPC contractor, selected Siemens as equipment supplier.

South Korea’s Samsung C&T has bagged a $977 million order to act as EPC contractor for the construction of the 2,400 MW Fujairah F3 combined-cycle power plant at Qidfa, some 300km northeast of Abu Dhabi. The CCGT, developed together with Marubeni, is due completed by April 2023.

Belarus’ state-run energy provider RUE Minskenergo has contracted Siemens to supply six SGT-800 industrial gas turbines and related equipment for a peak load power plant in Minsk. The 300 MW unit is scheduled to be commissioned in December 2021.

New Fortress Energy (NFE), the owner of gas liquefaction facilities in Florida, has agreed to supply LNG to Nicaragua as part of a power plant venture. Under the deal, NFE will build a floating LNG import unit and a 300 MW gas-fired power plant by the second half of 2021.

Japan-based Marubeni, together with Engie of France, have formed a consortium with Abu Dhabi Power Corp (ADPower) to develop the Fujairah F3 independent power project. Construction is due to start “swiftly” for the plant to generate “early power” by summer 2022, and reach full operation by summer 2023.

Belgium-based greenhouse growing company Varegro has chosen to install a Cummins HSK78G gas generator to power its facility in Oostrozebeke, West Flanders. On site, the generator provides thermal and electrical energy by recovering CO2 for a greenhouse premises spanning 40,000 square metres.

Jamuna Group, one of Bangladesh’s largest industrial conglomerates, has placed an order with Wärtsilä to supply and install a 78 MW engine power plant to electrify an industrial park in the northeast of the country. The plant will operate on eight 34SG engines fuelled by gas.

New Fortress Energy (NFE) has signed an LNG supply deal for eight cargoes a year from its liquefaction units in Miami, Florida, for 10 years through January 2030. Most cargoes will head to Puerto Rico, where NFEnergía supplies regasified natural gas to two converted units at the San Juan power plant.

Nigerian National Petroleum Corporation (NNPC) has secured a grant worth nearly $1.1 million from the US Trade and Development Agency (USTDA) to evaluate the technicality and economics of developing a 1,350 MW combined-cycle gas power plant in Abuja. The CCGT would run on domestic gas.

Ships at the Port of Kiel will soon benefit from Germany’s largest shore power system to date. With 16 megavolt amperes (MVA), Siemens’ Siharbor solution will supply two ships simultaneously with certified eco-power. Test operation will start in the 2020 cruise ship season.

Quadra’s 233 MW Voronezh CHP plant has successfully run its first week of commercial operation since February 1, using four of GE’s Sprint LM6000 gas turbines. The additional aeroderivative gas turbines enhance flexibility reliability of the Voronezh combined-cycle unit.

Eager to avert power shortages in Yangon, the government of Myanmar has asked Wärtsilä to deliver eight 50SG engines for two power plants with 292 MW combined capacity. The two LNG-fuelled gensets are meant to be installed and operational within a matter of months.

The last two coal units at Drax Power Station may soon shut down as the operator weighs up options. On a positive note, Drax said it secured capacity contracts for 2,562 MW at the latest T3 auction for existing gas, pumped storage and hydro assets. These contracts, running from October 2022 to September 2023, are priced at £6.44 per kilowatt and worth some £15 million.

Abu Dhabi-based Mubadala Investment Company has signed an agreement with JSC Thermal Power Plants and the Uzbek government to acquire, finance, develop and operate the 1.7 GW Talimarjan Power Complex. The privatized combined-cycle gas turbine (CCGT) plant will be expanded and run under an Independent Power Producer (IPP) model.

The Chinese government has approved Beijing Gas’ plans to build a 5 mtpa LNG import terminal near Tianjin City by 2022 to help boost regional gas imports. The economically thriving Beijing-Tianjin-Hebei region, home to some 113 million people, is at the heart of China’s ‘Blue Skies’ policy aimed at accelerating a coal-to-gas switch in the power sector to improve air quality.

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News in Brief

Castleton buys CCGT in Spain

Feb 21 – Castleton Commodities International (CCI), a British independent power producer, has acquired the Amorebieta combined-cycle gas power plant in Bilbao, Spain, for an undisclosed amount. CCI claims the 786 MW plant is “one of the most efficient CCGTs in the Iberian Peninsula.”

NNPC scrutinizes Abuja IPP project

Feb 20 – Nigerian National Petroleum Corporation (NNPC) is scrutinizing technicality and economics of developing a 1,350 MW Independent Power Plant (IPP) project in Abuja. The project is likely to be realized, as it is backed by a $1.1 million grant from the US Trade and Development Agency (USTDA) and will be powered by GE gas turbines.

Batteries vs. hydro power

Feb 19 – More than 28 GW of lithium batteries deployed for stationary storage applications by the year 2028, according Navigant Research. Pumped hydro power plants, however, dominate the market as they account for 96 percent of installed energy storage worldwide.

Micro CHP market to top $3bn by 2026

Feb 18 – The global micro CHP market revenue is forecast to exceed $3 billion by 2026 amid rising demand for captive combined heat and power units by industry. According to Global Market Insights, micro CHPs are also increasingly combined with solar PV and energy storage into hybrid power units.

Rio Tinto uses battery to power Pilbara mine

Feb 18 – Australian mining company Rio Tinto has freed up $98 million for a new solar PV unit and a lithium-ion battery energy storage system to help power its entire Pilbara mining network. The 12 MWh battery storage at Tom Price will provide spinning reserve to help stabilize the local grid.

Japan and Korea eager to build ‘hydrogen economy’

Feb 17 – Liquid hydrogen is meant to become the basis of Japan’s and South Korea’s new energy economy. Several public-private partnerships accelerate efforts to produce hydrogen fuel cell vehicles and use hydrogen as a clean energy source, gradually replacing oil and natural gas.

MHPS teams up with KBR to expand sales

Feb 14 – Mitsubishi Hitachi Power Systems (MHPS) has agreed to cooperate with U.S. firm KBR to expand sales of SDA pitch-fired power plants. The fuel for these plants is insoluble matter (SDA pitch), which remains when light oil fractions are recovered from heavy oil fractions using the solvent de-asphalting (SDA) process. The petroleum industry can now utilize this residual material for power generation.

Turboden provides CHP to First Nations

Feb 13 – Brescia-based Turboden, part of Mitsubishi Heavy Industries (MHI), has agreed to an 8,000 kW combined heat and power (CHP) plant, running on woody biomass to indigenous First Nations in Saskatchewan, Canada. The Organic Rankine Cycle (ORC) power gen system will uses sawmill residual woody biomass as fuel and help electrify some 5,000 homes.

Himoinsa gensets win award

Feb 12 – Himoinsa has received an Innovation Trail Live award for its rental gas generator sets. Three gensets – HRGO 30, HRGO 40 and HRGO 70 – were distinguished due to their long running time, low operational costs, as well as reduced emissions and sound level.

Ofgem lowers default price cap

Feb 11 – UK energy regulator Ofgem has announced it will lower the default price cap by £17 to £1,162 for the six months effective from 1 April 2020. Analysts say Ofgem’s decision comes amid a “warm winter” and “healthy LNG supply,” which pushed down wholesales gas prices to a 13-month low. Looking ahead, there might well be “another slight reduction to the cap later this year.”

Opel plans Gigafactory for battery cells

Feb 10 – German carmaker Opel, part of French PSA, plans to manufacture enough battery cells for half a million e-cars annually in a new factory in the western German town of Kaiserslautern from 2024. Two billion Euros would be invested in the factory, designed to house three units with 8 GWhs each, which would be the largest in Europe so far.

GE adds 235 MW in Ivory Coast

Feb 7 – GE is carrying out a gas turbine extension at the Azito power plant in the Ivory Coast. Under the contract, GE will supply its GT13E2 gas turbine in combined-cycle configuration, one HRSG, one steam turbine and associated equipment. The upgrade will boost the plant’s capacity by 30 percent, or 253 MW to reach a total of 710 MW.

FID on Azito extension

Feb 6 – Independent power producer Globeleq and IPS have reached financial close on expanding the Azito gas-fired power plant in Ivory Coast. The plant currently has 460 MW installed capacity and provides 25 percent of the country’s power supply. Once the lasted upgrade will be completed, Azito’s capacity will be boosted to 713 MW.

Batteries vs. hydro power

Feb 5 – More than 28 GW of lithium batteries deployed for stationary storage applications by the year 2028, according Navigant Research. Pumped hydro power plants, however, dominate the market as they account for 96% of installed energy storage worldwide.

Ofgem expects green energy to cost more

Feb 4 – Britain’s energy regulator Ofgem has been seeking to incentivize investment in green energy. However, the watchdog’s new head, Johnathan Brearly, cautioned “more investment does mean higher cost.” Though investors’ returns could come down, technology improvements will reduce down capital costs further in the long run.

FES takes over 1.3 GW Pleasants Power Station

Feb 3 – FirstEnergy Solutions (FES), soon to be renamed Energy Harbor, has completed the ownership transfer of the Pleasants Power Station, a 1,300-MW thermal plant located in Pleasants County, West Virginia. FES took over the power unit from Allegheny Energy Supply Company.

Körte heads Siemens Strategy

Jan 31 – Peter Körte, aged 44, has been appointed the new head of Siemens’ Strategy Department, effective February 1, 2020. In his new role, he will develop Siemens’ strategies for digitalization and the Internet of Things (IoT) which are deemed “crucial growth drivers.”