Projects & Finance

Taweelah Asia Power Company (TAPCO) has awarded Ansaldo Energia a 10-year service agreement for their Taweelah New B Extension (TNBE) combined-cycle power plant in Abu Dhabi. The full-scope, turnkey service accord covers three Siemens SGT5-4000F turbines and related equipment.

Turning Bolivia into a regional energy hub, Siemens is converting three separate simple-cycle power plants into combined-cycle units, boosting output by more than 1 GW. Scope of delivery includes 23 SGT-800 gas turbines, 11 steam turbines and related equipment for a project value of 1 billion Euros.

Accelerating its clean energy transition, Duke Energy strives to curb carbon emission by at least 50% by 2030 with the aim of achieving net-zero CO2 from electric generation by midcentury. The company plans to at least double its portfolio of solar and wind by 2025, while deploying more low-cost gas power plants.

European-led Delta Offshore Energy is finalizing plans to develop an LNG import terminal and a 3,200 MW power station in Vietnam’s Bac Lieu Province. The integrated project is due to start up in 2023, underpinned by LNG cargoes from the Magnolia liquefaction project in the U.S. state of Louisiana.

Mass Energy Group Holding (MGH) and GE Power have won a contract to develop the third phase of Iraq’s largest power plant. Expansion of the Bismaya combined-cycle gas power station will add up to 1.5 GW by 2021, bringing its total capacity to 4.5 GW.

Iraq’s Ministry of Electricity has awarded a $1.3 billion contract to Siemens and Orascom Construction to rebuild Baiji 1 and 2 power units with a combined capacity of 1.6 GW. Works are meant to be completed 28 months after financial close.

Kogas and Energy Capital Vietnam (ECV) are forging ahead with a privately-funded LNG regas terminal, storage and gas supply system to underpin their 3,200 MW gas-fired power project near Mui Ke Ga, some 150 kilometres from Ho Chi Minh City. KBR will provide a feasibility study by the end of September.

Emirates Water and Electricity Company (EWEC), the utility catering for Abu Dhabi, is about to launch tenders for a 2,400 MW combined-cycle power project at Fujairah as well as a 1,500 MW solar project. Up for grabs are development contracts worth some 4.4 Emirati dirham, or $1.2 billion.

Malay property and industrial developer Tadmax Resources has received government approval to develop a 1,200 MW integrated gasification combined-cycle power plant (IGCC) on the island of Pulau Indah. Posco is building the plant, with a planned in-service date in January 2023.

The Palestinian Energy Authority and Massader are about to agree on terms to start construction of a much-needed power plant in Jenin. The 450 MW combined-cycle gas power plant will be the largest of its kind in the conflict-ridden country, fuelled by gas from the Gaza Marine field.

Hungary’s CHP Erömü, a subsidiary of Veolia, has awarded Wärtsilä a 5-year extension to a power plant service agreement for the combined heat and power station. High plant availability of more than 95% had led to the deal.

Mitsubishi Hitachi Power Systems (MHPS) has received an order from Hongkong Electric to supply power generation equipment for Lamma Power Station's Unit 12. The 380 MW combined-cycle gas power unit will be built with a view to start full commercial operations in early 2023.

Caithness Energy, a privately-held American Independent Power Producer, is preparing to start construction of the 1,864 MW Guernsey Power Station in Ohio in 2022. The CCGT project, to be powered by GE 7HA.02 gas turbines, is moving to the next phase after having just secured $1.6 billion in financing.

MAN Energy Solutions has commissioned three power plants in Indonesia, equipped with dual fuel engines that can be operated with low-emission LNG. Ten gensets with a combined capacity of 140 MW were installed in the provinces of West Nusa Tenggara and on Flores island.

New Fortress Energy (NFE), the sole gas supplier to Jamaica, has completed the first phase of its $180 million bond issue to finance the completion of its LNG-fuelled cogeneration project in Carendon. The bond issue was fully subscribed, according to NCB Capital Markets.

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News in Brief

SPIG wins contract for Al Dur Phase II

Sept 23 – Italy-based SPIG, part of Babcock & Wilcox Enterprises, has won a contract to provide seawater cooling tower system to SEPCOIII for the Al Dur Phase II project in Bahrain. The Al Dur Phase II is a combined-cycle gas-turbine plant to generate 1,500 MW of electricity and approximately 50 million gallons fresh water per day.

MHI-MME to take over turbocharger production

Sept 20 – Mitsubishi Hitachi Power Systems will no longer produce MET turbochargers, the standard worldwide exhaust gas turbochargers used in stationary engines. Starting from January 1, 2020, these devises will be produced by Mitsubishi Heavy Industries Marine Machinery & Equipment (MHI-MME) instead.

Japan starts electricity futures trading

Sept 19 – Tokyo Commodity Exchange (TOCOM) has launched trading in electricity futures to advance price competition in Japan’s liberalized energy market. The East Area peakload electricity contract for October delivery first traded at 10.9 Yen per kWh, lower than the standard price of 11 Yen set by TOCOM in advance.

Duke to reduce rates in 2020

Sept 18 – Duke Energy Florida (DEF) customers will see lower bills in 2020. The utility filed a proposal with the Florida Public Service Commission to reduce rates for electricity and gas by more than 3% while adding more solar power and making grid improvements.

Myanmar approves three power projects

Sept 17 – Myanmar’s Ministry of Electricity and Energy has given the green light to plans for a 1,230 MW gas-fired power plant in Kanpauk, Taninthayi region, a 377 MW gas-fired unit in Ahlon, Yangon region and a 1,390 MW thermal plant in Milaunggyine in Ayeyawady region. The conflict-ridden country is currently producing electricity from 5,600 MW installed capacity, derived both from state- private-owned power stations.

Bonny Train-7 to cost $6.5bn

Sept 16 – Nigeria LNG is preparing to add a seventh processing train to Bonny LNG, bringing total capacity from 22 million tons per annum (mtpa) to 30 mtpa. Estimated to cost $6.5 billion, Bonny Train-6 will include a new liquefaction unit, a storage and a condensate tank as well as three gas turbine generators.

Schneider to complete L&T takeover by early 2020

Sept 13 – Venturing into India, Schneider Electric hopes to finalise the Rs 14,000 crore acquisition of Larsen & Toubro's electrical and automation business by early 2020. After the transaction is completed, Schneider will have a 65% stake in L&T, while the remainder will be held by Temasek.

MHI to advice China on energy conservation

Sept 12 – Mitsubishi Heavy Industries Thermal Systems, part of MHI, has set up a joint venture withan affiliate of State Grid Corporation of China (SGCC) to perform technical consulting for energy conservation projects in China. The focus of SGCC lies on building new decentralized power stations, biomass-derived power gensets and energy saving solutions.

Tender extended

Sept 11 – Turkmengas has extended a tender for the overhaul of the gas turbine engines of the NK-12ST and NK-14ST brands. Bidders need to pay to receive the tender documents, and then submit a written application to Turkmenistan’s state gas company.

Gas power units to buffer Germany’s coal exit

Sept 10 – Electricity output of Germany’s fleet of gas-fired power plants has risen to a over 13,5 billion kilowatt-hours in the three months from June to August, Fraunhofer ISE figures show. These productivity gains put CCGTs in pole position to balance supply swings in connection with the German coal exit.

Power of Siberia gas flows to start on Dec 1

Sept 9 – Russian gas supplies to China via the eastern route are going to start on December 1, 2019, Gazprom chairman Alexey Miller told his counterpart at CNPC in Beijing. The huge Chayandinskoye field, containing some 1.2 trillion cbm of gas, had already been connected to the 38 Bcm per year ‘Power of Siberia’ gas pipeline in August.

Hurricane Dorian causes havoc in the Bahamas

Sept 6 – In the aftermath of Hurricane Doran, a Category 5 storm, Bahamas Power and Light has said there is a total blackout in New Providence, the most populous island of the archipelago. Dorian made landfall twice on Sunday, ripping off roofs and electricity lines. In most parts, electricity has not been restored.

LNG cargoes via Bab-el Mandeb decrease

Aug 30 – Northbound LNG shipments via Bab el-Mandeb, a sea route chokepoint between the Horn of Africa and the Middle East, have fallen over the past three years as Egypt imports less natural gas from the Persian Gulf. In 2015 and 2016, both Jordan and Egypt imported up to 1.4 Bcf/d of LNG into Red Sea ports but these shipments fell sharply following the development of large gas finds in the Mediterranean.

Hokuriku Electric buys LNG cargo

Aug 29 – Japanese utility Hokuriku Electric has purchased an LNG cargo for delivery in November as soaring temperatures drew down gas in storage for the autumn. The cargo is understood to be scheduled for delivery in the second half of November from Malaysia’s Petronas and may well be destined for Hokuriku Electric’s first LNG-fired power generation unit,  the Toyama Shinko plant.

Technip spins off LNG activities

Aug 28 – TechnipFMC, has decided to spin off its European-based engineering and construction operations into a separate business, leaving the American half of the firm as an equipment supplier to the oil and gas sector. The split is due to be completed in the first half of 2020.

FLNG power market to top $930m by 2023

Aug 27 – The global market for floating LNG power vessel is projected to reach $ 931.6 million by 2023, up from $ 860.1 million seen last year, according to ReportsnReports. Major vendors of FLNG power vessels are Siemens, MAN, Wärtsilä, Caterpilar and GE which are targeting to use the technology to supply decentralized power to island nations in Southeast Asia and along the coast of sub-Saharan Africa and the Americas.

EIA monitors grid hourly

Aug 26 – The U.S. Energy Information Administration (EIA) has launched a beta release of its hourly electric grid monitor. The enhanced version analyses hourly generation by energy source and hourly sub-regional demand for certain balancing authorities in the Lower 48 states.