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Projects & Finance

SPE, an affiliate of Algeria's state-owned utility Sonelgaz, has awarded GE three contracts worth $2.7 billion to provide 26 heavy-duty gas turbines and 24 mobile aero-derivative gas turbine for nine power plants with a combined capacity of 9 gigawatts.

Financing for the $842 million CPV Woodbridge Energy Center in Woodbridge, New Jersey has been pushed through by joint developers, so construction works can start as planned in this quarter. The 700MW project is owned by Competitive Power Ventures (CPV), ArcLight Capital Partners and Toyota Tsusho and will be operated by an affiliate of co-owner ArcLight.

Johnson Matthey's Stationary Emissions Control (SEC) group has commissioned CO oxidation catalysts to reduce CO, VOC and toxic emissions from four 200 MW simple cycle gas turbines at GenOn's California Marsh Landing Generating Station (MLGS). "Drop-in" catalysts were employed to speed up installation process, which reduced costs by eliminating multiple days of site labour.

 

Green light has been given for the world's largest compressed natural storage plant in Grati, Indonesia, that will feed an adjacent 300MW gas-fired power plant, operated by state-owned utility PT PLN (Persero). Classification company RINA approved the design of the CNG plant, paving the way for start of construction works.

A proposal to use a gas power plant to support renewables in Colorado, US has been placed with the independent evaluator for the Colorado Public Utilities Commission (CPUC). Xcel Energy representative Gabriel Romero said savings for consumers would come from Xcel replacing its own coal-fired capacity with gas-fired power from an unknown supplier, as "this power plant is offering us a lower power purchase agreement."

UK property developer partners St Modwen and Glenfinnan have joint forces to build a 299MW combined cycle gas turbine (CCGT) power plant, Meaford Power Station, 50 miles south of Manchester, UK. "We are at an early stage of the project and are just about to introduce it to the local community to capture the details of the project," a Meaford Energy representative said.

No financing for new power generation projects under non-tolling agreements will be forthcoming until there is certainty about the outcome of capacity auctions, energy infrastructure financiers from RBS and Lloyds Bank said at the Gas to Power UK conference in London today.

Alstom has secured a contract worth approximately €170 million in Saudi Arabia to supply steam turbine generators for the 2,650-MW Shuqaiq power plant, after having been selected by the project's lead contractor Hyundai Heavy Industries (HHI).

US turbine manufacturer Capstone has won an order to supply one C800 and one C600 microturbine for a combined heat and power (CHP) installation at industrial plant in San Luis Potosi, Mexico. The microturbines will supply onsite heat and power, while steam from the power plant will generate hot water used during the manufacturing process.

Siemens Energy has dedicated and handed over California's second Flex-Plant to power the gas-fired El Segundo Energy Center, operated by NRG Energy in Lodi. Together with the first unit, the plant can ramp up to 300MW in less than ten minutes, allowing the operator to backup intermittent renewable power supply.

Three of METKA's currently contracted eight EPC energy projects outside Greece are near completion, namely a 462MW project in Algeria, the 775MW Denizili project in Turkey and the 143MW Zarga project in Jordan, Gas to Power Journal understands.

 

Mitsubishi Heavy Industries (MHI) has won an order to supply six J-Series (M501J) gas turbines to power a 2,600MW gas-fired combined cycle plant (CCGT) that is being built by Taiwan Power Company.

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News in Brief

China’s fuel demand recovers

May 27 – The Chinese government has lifted restrictions on private travel since April which pushed up demand for transport fuels. Gasoline demand has recovered particularly fast and is expected to return to last year’s levels by June 2020. Wood Mackenzie estimates gasoline consumption to reach 3.4 million barrels per day (b/d) in the second quarter, down just a 0.8% year on year. Diesel or gasoil demand is expected to reach 3.4 million b/d in Q2 2020, a 3% decline year-on-year. Overall, China’s oil demand is seen rise a “modest” 13.6 million bpd, or 2.3%, in the second half of 2020.

Wärtsilä to retrofit CHP in Spain

May 26 – The Finish engine maker Wärtsilä has bagged an order to supply and install a 34SG gas-fuelled engine generating set for Rofeica Energia's combined heat and power plant in Barcelona, Spain. The installation of the gas engine will allow Rofeica to switch the CHP from heavy fuel oil to gas-fuelled operation, reducing emissions.

New York body rejects William’s plans for gas pipeline expansion

May 21 – New York’s and New Jersey’s state bodies for environmental conservation have rejected Williams’ plans for the Northeast Supply Enhancement project, designed to transport 400 million cubic feet per day of gas from Pennsylvania to New York. The state bodies had already denied wetland permits in 2019, but Williams pipeline subsidiary Transco filed another application with the U.S. Federal Energy Regulatory Commission (FERC), arguing firm services under the project were agreed with UK’s National Grid for customers in New York City districts of Brooklyn, Queens, Staten Island and Long Island.

UK inflation at 4-year low amid falling energy costs

May 20 – The rate of inflation in the UK has fallen to a four-year low as the pandemic pushed down global oil and fuel prices which translate into lower wholesale power prices. The consumer price index fell to an annual rate of 0.8% in April, down from 1.5% in March, according to the Office for National Statistics.

Deficit grows in German green energy fund

May 19 – German regional grid operator TransnetBW has warned of a growing shortfall in the country’s fund for green energy sources, financed under the so-called renewable energy (EEG) levy. TransnetBW, the TSO in southwest Germany, said “due to the EEG cost allocations defined for 2020, we anticipate there will be a negative year end bank account balance in the high three-digit million euro range for 2020.”

Spanish gas companies ‘resilient’

May 18 – Spain’s regulated gas companies “should prove to be resilient” to external shocks arising from coronavirus containment measures, Standard & Poor’s analysis finds, calculating with an average drop in EBITBA at less than 3% in 2020. A new remuneration framework for 2021-2026, recently enacted by the Spanish government, provides enhanced visibility rated grid operators amid the pandemic.

German electricity prices second highest in EU

May 15 – Taxes and the renewable energy surcharge have pushed up Germany’s household electricity prices to the second highest level in Europe, topped only by prices in Denmark. While Danish households paid 29.2 Euros per 100 kWh on average in the second half of 2019, prices in Germany averaged 28.7 Euros, according to the EU statistics office Eurostat.

Calpine’s Q1 earnings fall

May 14 – Calpine, America’s largest generator of electricity from gas and geothermal, has reported a net income of $128 million for the first quarter of 2020, down from $175 million in the prior year period. Lower commodity margins and unfavourable change in income taxes were partially offset by earnings from hedge positions for the three month ending March 31.

Siemens to supply hybrid plant in the Philippines

May 13 – Berkley Energy has contracted Siemens Energy to build a hybrid power project on the island of Mindoro in the Philippines. The project links 16 MW wind power with battery storage, stabilizing energy supply in a remote location with a weak link to the grid and reducing its dependence on diesel.

U.S. energy emissions fall

May 12 – Energy-related carbon emissions in the United States have fallen more than energy consumption, down 2.8% over the course of last year to 5,130 million metric tons (MMmt). Power sector emissions were down 145 MMmt, due to a switch from coal to gas and renewables. In April 2020, emissions experienced another unprecedented fall in due to Covid-19 lockdowns.

MAN expands Omincare concept

March 11 – MAN Energy Solutions’ service brand has extended its ‘PrimeServ Omnicare’ concept from turbomachinery to the marine and power segments. The one-stop service solution is now also applicable for maintenance of third-party machinery, including engines, turbochargers and related auxiliaries.

MIVOLT launches cooling fluid

May 7 – MIVOLT, part of the British company M&I Materials, has launched two specialist fluids to improve cooling efficiency at data centres. The electricity demand of data centres is forecast to rise to 20% of global supply to accommodate lifestyle changes like 5G internet network, autonomous vehicles and bitcoin mining.

Germany adds 1,300 km to power grid

May 6 – Germany has made progress in expanding its strained power grid. According to the Federal Network Agency (BNetzA), over 1,300 kilometres of new power transmission lines have been built and another 830km approved. A further 3,600km are planned to be built by 2030 to alleviate grid bottlenecks and allow transporting rising volumes of offshore wind southbound.

 

 

 

Oman nationalizes first IPP

May 5 – Manah Power, the first privately-run Independent Power Project (IPP) in Oman, has been transferred to state ownership, following the expiry of a Power Purchase Agreement (PPA) between United Power Company and state-owned OPWP. Manah IPP was developed under Build-Own-Operate-Transfer (BOOT) model, which stipulates an eventual nationalization of the assets – a feature absent in subsequent IPPs.

U.S inventories at record highs

May 4 – Inventories for crude oil and natural gas have reached a new record high in the United States, as fuel demand declines both for transport and the electric power sector. From March 13 – when a national emergency was declared due to the Covid-19 pandemic – to April 24, U.S. commercial crude oil inventories increased by 74 million barrels, or 16%, according to government figures. The acute scarcity of crude storage on April 20 led to a sell-off of future contracts at negative prices.

Wärtsilä to service Argentinean power plant

May 1 – Wärtsilä has signed a 10-year maintenance and service agreement with one of Argentina’s upstream companies. Under the deal, Wärtsilä provides a guaranteed performance for a 57.6 MW onsite power plant in the southern part of Argentina, with excess power sold to the national grid.

Zink-Air batteries for NY

April 30 – Zinc8 Energy Solutions has entered a cooperation with the New York Power Authority (NYPA) to install a zinc-air battery energy storage, backed by $2.55 million in state funding over a three year period. The Zinc8 ESS units can deliver power in the range 20-50 MW, with capacity of 8 hours of storage duration. The project will help New York State achieve its goal of installing 3 GW of energy storage by 2030.