Projects & Finance

Shanghai Electric, in consortium with Ansaldo Energia, has been contracted by North West Power Generation to design and build a combined-cycle gas power plant in Rupsha, western Bangladesh. The 880 MW plant will be powered by two GT26 gas turbines, manufactured by Ansaldo in Genoa.

Golar Power, part of Hamilton-based Golar LNG, has teamed up with Galileo Technologies to expand its small-scale LNG activities in Brazil. Together with Stonepeak, Golar already developed several large-scale LNG-to-Power projects in northeast Brazil. Now, it turns to biomethane.

Penn Power, a subsidiary of FirstEnergy Corp, has started to modernize its electricity infrastructure in Lawrence County as part of a new, four-year plan. Works add to the utility’s previous grid enhancements that have reduced the number of frequency disruption by 20% on average.

Germany’s Evonik and UK’s Omexom have ordered 18 of GE’s ‘Green Gas for Grid’ solutions, or ‘g³’ gas-insulated switchgear (GIS) bays for use at industrial sites. g³ is an alternative to sulphur hexafluoride (SF₆), a potent greenhouse gas, used in high-voltage equipment including switchgear.

The Puerto Rico Electric Power Authority (PREPA) has issued requests for proposals (RFP) for up to 500 MW of mobile temporary capacity to meet peak summer demand. PREPA said it still assess the damages of an earthquake earlier this year, which incapacitated the 967 MW Costa Sur power plant.

MAN Energy Solutions has completed the Sund power plant extension and handed it over to Elfelagið SEV, the local energy supplier on the Faroe Islands. Four MAN 9L51/60 engines were added, enhancing the plant's generating capacity by 37 MW as well as district heating.

UK’s National Grid and the Norwegian TSO Statnett have achieved the halfway mark in laying the world’s longest subsea cable – the North Sea Link. Due completed in 2021, the interconnector will allow Norway to export hydro and wind energy to the British Isles.

Tucson Electric Power (TEP) plans to generate over 70% of its electricity from wind and solar resources, supported by gas generators and energy storage. In its 2020 Integrated Resource Plan (IRP) the Arizona-based utility also proposes to retire its remaining coal-fired units over the next 12 years.

NorthWestern Energy has contracted Caterpillar to supply six Cat G20CM34 gas gensets to replace combustion turbines currently operating at the Huron Generating Station in South Dakota. Construction activities will begin in July, with a view to starting commercial operation at the end of 2021.

Saudi Electricity Company (SEC) has awarded 5 stars to the Waad Al Shamal integrated solar and combined cycle power plant (ISCC) project for environment, health and safety standards. The plant consists of 50 MW solar plus 1,000 MW thermal capacity (four GE 7F gas turbines) and is due to enter service this fall.

GE has completed the first major inspection project in China since the coronavirus outbreak. Modernisation of two 9E.03 turbines at the 360 MW Baochang power plant, Guangdong province, was delivered safe and ahead of schedule on behalf of Shenzhen Baochang Power Supply Company.

Though travel restrictions are still in place in the Dominican Republic to contain the coronavirus, Siemens is striving to deliver a barge-mounted power plant, based on SGT-800 gas turbine, on time and on budget. The 145 MW Estrella del Mar III is due to start operations by spring 2021.

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News in Brief

Tokyo Gas snaps up US shale assets

July 31 – The Japanese utility Tokyo Gas has agreed to raise its stake in the U.S. firm Castleton Resources to 70 percent from 46 percent to increase its foothold in shale gas production in Texas and Louisiana.  Castleton Resources holds acreage in the Haynesville and Cotton Valley formations. The transaction is scheduled to be completed on August 14.

Electrical PE market to grow 1.7% through 2027

July 30 – The market for electrical protective equipment (PE) in North America, valued at $2,787 million in 2019, is forecast to rise at an annual rate of 1.7 percent to reach $3,163 million by 2027. Main growth drivers, according to ResearchandMarkets, are ongoing power transmission projects in the context with U.S. LNG export infrastructure expansions.

GE wins turbine order from Italian paper mill

July 29 – DS Smith Paper Italia has ordered a GE LM6000PF aero-derivative gas turbine for its paper mill in Lucca, Italy. The paper mill is currently powered by two aero-derivative turbines, and the additional unit will increase plant efficiency by 2%, while assuring steam supply for the industrial process.

Aceleron secures £2m green energy investment

July 28 – UK battery developer Aceleron today announced receipt of a £2 million equity investment from BGF and Mercia Asset Management. Aceleron is BGF’s second investment into a pure clean technology, signalling a shift in behaviour as more and more fund managers support a green recovery and the UK’s policy of net-zero carbon by 2050.

NRG buys Centrica’s North American arm for over $3.6bn

July 27 – U.S. utility NRG Energy has agreed with Centrica to acquire the latter’s North American subsidiary Direct Energy for $3.625 billion in an all-cash transaction. The transaction will diversify NRG’s earnings by adding more than three million retail customers and generate an estimated $740 million in adjusted EBITDA upon closing.

Siemens rolls out Comfy app

July 24 – Siemens is deploying its workplace experience solution Comfy across its global offices, including major utility customers. The aim is to equip approximately 600 company locations by October 2020.

BlackRock puts $18bn into sustainable investment

July 23 – Sustainability aspects are poised to bring about "fundamental change" to the way financial market actors operate, said Philipp Hildebrand, vice head of U.S. investment company BlackRock. About 18 billion dollars have been put into BlackRock's sustainable investment products since the beginning of 2020, he told the German business daily FAZ, arguing this would be "only the beginning" of a much larger shift in investment practices.

Vaca Muerta output slows

July 22 – Argentina has resorted to importing LNG for the Southern Hemisphere winter as domestic production at the vast Vaca Muerta shale formation fell in the first half of 2020. State-owned IEASA purchased 28 LNG cargoes at average prices of $2.87 million British thermal units (mmBtu).

GE to implement air quality control systems in India

July 21 – GE Power India Ltd (GEPIL) has won three contracts with a combined value of $112.57 million to supply air quality control systems. One semi-dry flue-gas desulfurization (FDG) unit will be installed for Hindalco Industries’ 1x150MW power plant at the Aditya aluminium smelter in Sambalpur. A wet FDGs system will be installed on behalf of NTPC for their Feroze Gandhi Unchahar thermal power plant (2x210MW plus 2x210 MW plus 1x210MW units) in Rae Bareli, Uttar Pradesh.

Wärtsilä CEO sees “tough” H2 ahead

July 20 – Wärtsilä CEO Jaakko Eskola has told analysts he sees a “tough second half of the year ahead,” as the Finish manufacturer seeks to mitigate Covid-related business disruptions. In the segment of up to 500 MW, Wärtsilä’s market share fell from 9% to 8%, while orders for gas- and liquid- power plants increased by 1% to 17.8 GW during the twelve-month period ending in March 2020.

GE launches update to digital plant software

July 17 – GE Digital has unveiled updates to its digital power plant software: Proficy Plant Applications, Proficy Operations Hub, Proficy Historian, and Proficy CSense. The software accelerates digitization for industries and integrates related onsite power generation units.

Germany EEG fund slips into the red

July 16 – Germany's green energy fund, funded through the renewable energy surcharge (EEG levy), has slipped into the red for the first time since 2013, according to TSO data. The account, funded by end-customers through a surcharge on their power bill, fell from about €2 billion in available funds to €-1.16 billion in the first six months of 2020.

China seen overtake Japan as worlds’ largest LNG buyer by 2025

July 15 – The International Energy Agency (IEA) expects China to overtake Japan as the world’s biggest LNG buyer with imports of 128 Bcm a year by 2025, equivalent to around 174 million tonnes. However, IEA analysts cautioned this scenario is “highly dependent on China’s future policy direction” and whether that includes an ongoing push for coal-to-gas switching for industry, residential heating and power generation.

IEA stages Clean Energy Transitions Summit

July 14 – Ministers from dozens of countries, accounting for over 80% of the world economy, have participated in the first Clean Energy Transitions Summit organised by the International Energy Agency (IEA). Dr Fatih Birol, the IEA’s Executive Director, said there “clearly is momentum” behind a sustainable recovery from the economic impacts of the Covid-19 pandemic. Participants agreed to reconvene in mid-2021.

Siemens Energy to exit coal

Jul 13 – Newly formed technology company Siemens Energy wants to phase-out any operations and technology to related to coal-fired power generation, CEO Joe Kaeser said, without giving a specific timeline. Siemens had been harshly criticised earlier this year for participating in the Adani coal mine project in Australia.

Statkraft, GE enhance GB grid stability

July 10 – Statkraft and GE Power Conversion are working together to stabilise Britain’s power grid. To that end, GE will manufacture and install two Rotating Stabiliser synchronous machines at Statkraft’s site in Keith, Moray. Statkraft was awarded four stability contracts (two at Keith and two at Lister Drive) by National Grid ESO (NGESO) earlier this year.

Siemens Energy spin-off approved

July 9 – A large majority of Siemens shareholders have voted to approve the spin-off of the company’s energy business. The spin-off was approved by 99.36 percent of capital stock represented at today’s extraordinary shareholders’ meeting.

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