Projects & Finance

Global power systems company Rolls Royce has completed the installation of the first MT30 gas turbine (36 MW) at the Royal Navy's new aircraft carrier HMS Queen Elizabeth, at Babcock's Rosyth shipyard in Scotland. At 36 megawatts or around 50,000 horsepower, the MT30, is "the world's most powerful marine gas turbine," Rolls Royce said on Friday.

The South Korean government is supporting plans to build an additional six gas-fired power plants by the end of 2017, expanding the role of natural gas to dent the country's rising energy demand amid nuclear safety concerns.

Norwegian state-owned utility Statkraft aims to start power production at the Knapsack II combined cycle power plant (430 MW) by this summer. "Operations of Knapsack II - a modern CCPP with a highly state of the art efficiency - will benefit from synergy effects with the already existing plant Knapsack I plant," Torsten Amelung, Managing Director and Senior Vice President Trading, Origination & Business Development, Statkraft Markets GmbH.

Malaysian state-controlled Tenaga Nasional Bhd (TNB) has sealed three agreements covering the development of a RM2.47 billion (US$810 million) combined cycle gas-turbine power plant (1,017 MW) in Seberang Prai, Penang.

Siemens Energy Service has signed a multi-year extension of a Long-Term Service Program (LTP) contract for Phu My 3 gas-fried combined-cycle power plant (740 MW).

The plant is Vietnam's first large-scale build-operate-transfer (BOT) financed power plant and is located in Ba Ria, Vung Tau Province. Since starting operations in 2004, it contributes reliable base load electricity supply to the Vietnam's power grid.

GE will deliver and install five ecomagination-qualified, Jenbacher cogeneration systems at a new datacentre that China National Petroleum Corporation (CNPC) is building in the Beijing district of Changping.

Singapore conglomerate Keppel Corp's energy unit is mulled to consider taking a 30% stake in a cogeneration plant of Malaysia's oil and gas giant Petronas with a view to importing electricity.

GE will install its zero liquid discharge (ZLD) wastewater treatment system at the Panda Sherman and Panda Temple combined-cycle power plants in Texas, allowing the two 758 MW gas-fired CCGTs plants to recycle and reuse most of its cooling tower wastewater.

German investors eye new Combined Heat and Power (CHP) projects to benefit from upgraded support schemes and as public acceptance for new coal-fired power plants in densely populated areas reached a low point.

Siemens Gas Turbine Technologies (SGTT) has bought a site in YIT's industrial park near St. Petersburg with a view to building its new gas turbines manufacturing and service facility for gas turbines by the end of 2014. 

Rurelec has agreed terms with Independent Power Corporation Plc. (IPC) to buy a 50% state of Central Illapa SA, a Chilean project company developing a 250 MW open-cycle gas turbine (OCGT) gas-fired peaking plant in Mejillones, Chile.

Plans of US-based Air Products to build a 50 MW waste-to energy plant near Billingham, Teesside in north-west England, have advanced with the award of a site preparation contract.

Operational start of two gas-fired combined cycle power plants (CCGTs) at a cost of nearly 4.7 trillion rials ($383 million) is set to boost Iran's power generation capacity by 650 MW.

The world's largest tri-fuel power plant, Amman Asia Electric Power's power plant in Al Manakher, Jordan, will be serviced by Wärtsilä under two long-term agreements.

Wärtsilä, a global gas engine manufacturer, has received an order to engineer and supply the STEC Red Gate power plant project, located in Hidalgo County, Texas. Start of commercial operations is slated for summer 2014.

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News in Brief

Sembcorp powers up first BESS unit in the UK

Nov 12 – Sembcorp Energy UK, part of Singapore-based Sempcorp Group, has started to operate the first 60 MW unit of its battery energy storage system (BESS) fleet, supplied by GE. Combined, the three storage units in Leicestershire and Cheshire will bring Sembcorp Energy UK’s total energy portfolio to 973 MW.

Global gas glut may clear in 2021

Nov 11 – Economics of exporting American liquefied natural gas to Europe no longer add up. With Henry Hub spot prices around $2.7/MMBtu, moving LNG cargoes from the U.S. Gulf Coast to Europe is “not workable,” BP analysts said, indicating that production shut-ins could help clear the massive supply overhang towards the end of 2021.

Gazprom reassures Germany of Ukraine gas transits

Nov 8 – Alexey Miller, chairman of the Gazprom Management Committee, has been trying to reassure the German government commissioner Georg Graf Waldersee that Russia was ready to signing a new transit contract with Naftogaz if both companies mutually waive claims. Before gas flows can proceed, however, Ukraine will have to create an independent gas transmission operator by January 1, 2020.

GE makes gains in wind power

Nov 7 – GE Power is gradually turning away from its loss-making fossil power segment to focus on the fast-growing renewable business. This week, GE struck a deal for its new Haliade-X turbines to be used at Dogger Bank Wind Farms. The three 1.2 GW Dogger Bank projects, situated offshore the UK’s Yorkshire coast, are expected to trigger approximately £9 billion of capital investment between 2020 and 2026.

PetroVietnam eyes LNG-to-Power project

Nov 6 – PetroVietnam has signed an agreement with B.Grimm Power Public Company (BGRIM) to jointly study the development of an integrated LNG import and power generation project. The aim is to build a 3,000 MW gas-fuelled power plant and an adjacent LNG import terminal. The location of the project has not been disclosed.

ABB launches ‘Smart City’

Nov 5 – Electrification specialists of the Swiss manufacturer ABB have designed an interactive ‘Smart City’ that contains smart buildings, e-mobility, energy management and data centers. The use of smart technologies and digitalization are encouraged by the United Nations as a way to help decarbonize cities around the world.

Gazprom, BASF cooperate on sulfur separation

Nov 4 – The Russian major Gazprom and the German chemical company BASF have agreed to devise a comprehensive solution for separation of sulfur from natural gas. The aim is to  enhance eco-efficiency of the Astrakhan gas processing plant and improve operational efficiency of BASF’s amine gas treatment units at the Orenburg gas-fired power plant.

Germany’s emission fall ‘markedly’

Nov 1 – Germany is headed for second consecutive year of substantial reductions in carbon emissions, amid a sharp drop in coal-burn in the power sector and an overall decline in energy use in 2019. If this trend continues, the country could get much closer to its 2020 climate target than widely anticipated.

Exmar to refinance Tango FLNG

Oct 31 – Exmar, the Belgian shipping company, is trying to refinance the Tango FLNG vessel, moored offshore Argentina on behalf of YPF. The aim is to generate around $60 million in additional capital, Exmar said, suggesting a deal will likely be struck in the first months of 2020.

Petronet doubles net profit

Oct 30 – Indian LNG importer Petronet has nearly doubled its net profits in the third quarter although revenues fell by 13%. Net profits came in at 1,089 crore rupees ($153.6m), an increase of 90% on the same period in 2018 as the company benefited from India’s lower corporate tax rates. Third-quarter revenues, in contrast, fell to 9,449 crore rupees ($1.33 billion).

Wildfires spread around LA

Oct 29 – Thousands of Los Angeles residents have been evacuated as wildfires spread fast around the metropolis and power outages brought life close to a standstill. The risk of fires caused by overland transmission lines prompted Pacific Gas & Electric (PG&E) to prolong precautionary blackouts that could last up to three days.

Dominion embraces solar & storage

Oct 28 – Dominion Energy South Carolina has signed contracts for more than 1,000 MW of solar capacity. About half of that capacity has entered service. To complement intermittent solar energy supply, Dominion earlier announced several energy storage projects.

Wärtsilä downgrades outlook for its energy business

Oct 25 – Wärtsilä has downgraded the outlook of its Energy Business from “soft” to “weak” amid low equipment demand, although the its services activity “remains sound.” The current order book for 2019 deliveries is 1,708 million Euros, comprised mainly of equipment deliveries, Wärtsilä stated today when posting mixed Q3 results. Looking ahead, the company said its operating result for full-year 2019 will be approximately 100 million Euros lower than in the 2018 result of 577 million Euros.

Siemens names new CIO

Oct 24 – Hanna Hennig will be appointed as new Chief Information Officer (CIO) at Siemens starting from January 2020. The change at Siemens’ IT organization supports the execution of the company’s Vision 2020+.

GE to service Austrian CHP

Oct 23 – Sappi Austria, provider of sustainable woodfibre products, has handed GE Power a multi-year service agreement to for its 42 MW onsite power plant.  GE will carry out a cross-fleet turbine and combustor upgrade to help Sappi reduce costs through a maintenance interval extension and better plant performance.

Brookfield invest $2bn in Cove Point LNG

Oct 22 – Brookfield Asset Management, an investor in energy infrastructure and power storage, has agreed to take a 25% stake in Cove Point LNG for just over $2 billion in cash. The alternative investor also owns assets in hydro (7.9 GW), wind (4.9 GW), solar (1.7 GW), distributed generation (400 MW) and energy storage (2.7 GW).

Ansaldo appoints new CEO

Oct 21 – Ansaldo Energia’s board of directors has appointed Giuseppe Marino as new CEO. Together with the chairman, Giuseppe Zampini, he will decide on the company’s strategy particularly relating to the new Chinese joint ventures.