Projects & Finance

Chart Industries and Indian Oil Corp, owner of India’s first East Coast LNG import terminal at Kamarajar Port, Ennore, have entered a cooperation to promote LNG developments in India. In focus are modular liquefaction and regas technologies, which could spur new decentralized LNG-to-Power projects and alleviate gas shortage for some of India’s stranded power plants.

State-owned GAIL India, the country’s largest gas transmission operator, has contracted Siemens to install its remote diagnostic services at 29 gas turbines operating across GAIL’s Hazira-Vijaipur-Jagdishpur gas pipeline and the Vijaipur C2/C3 power plant.

The President of Serbia, Aleksander Vucic, has confirmed his government is evaluating ways to support the construction for four gas-fired power plants and several LNG import terminals in a bid to encourage the country’s re-industrialization.Gazprom Energoholding offered to build and partially finance most of the proposed power plants.

Singapore-based Sembcorp Industries has achieved first fire at it S$420 million (US$310m) Mandalay combined-cycle gas turbine power plant in Myanmar. With an installed capacity of 225 MW, the new Mandalay power plant is Myanmar’s biggest and most efficient CCGT, capable to generate up to 1,500 Gigawatthours (GWh) of electricity per year.

Works on $11 billion Nord Stream-2 twin pipeline project are 34% complete, with over 830km of pipes having been laid in the Baltic Sea to date, the Gazprom and Uniper chairmen, Alexey Miller and Bernhard Reutersberg said after a meeting in Moscow. Uniper is a key customer of Russian gas supplied through the 55 Bcm/y Nord Stream-2 interconnector.

Drax Power has secured regulatory approval for its Millbrook Power Station, a proposed 299-MW open cycle gas turbine (OCGT) power plant to be built in Bedfordshire County, England. Developed at a cost of up to £90 million, the new Millbrook OCGT could start generating electricity as soon as 2022, provided it secures a UK capacity contract.

Sorgenia has turned to GE to make its 765-MW Termoli combined-cycle gas turbine (CCGT) power plant more efficient, reliable and flexible by enhancing its digital capabilities. In this context, Sorgenia also extended the multiyear O&M agreement with GE through 2031.

Powergen Kyaukse Company has signed a 5-year operations and maintenance agreement with Wärtsilä to help its 145 MW power plant in Mandalay region meet its availability guarantees. The newly installed plant, driven by eight Wärtsilä 50SG gas fuelled engines, has been built to alleviate electricity shortages in Myanmar.

Finish technology group Wärtsilä has been contracted by Bahamas Power and Light (BPL) to supply an engine-driven power plant to help improve the grid reliability on the island. The 132 MW dual-fuel plant will be delivered and built on a fast-track basis as it is due to go into commercial operations in summer 2019.

The Italian utility A2A Group has contracted GE to deploy hardware and software solutions at its Chivasso, Sermide, Cassano and Monfalcone power plants with a combined capacity of 3,420 MW. A Predix upgrade at the 1,179-MW Chivasso plant allows the operator to start up the facility in a range from 90 to 120 minutes in every condition.

The American family-owned independent power producer NOVI Energy has selected two GE’s 7HA.02 gas turbines to drive its Charles City combined-cycle power plant. The 1,100-MW project is planned for construction in Charles City County, Virginia. 

Fortress Transportation and Infrastructure Investors has selected GE’s HA gas turbine technology for its Long Ridge Energy Generation project in Hannibal, Ohio. Kiewit Power Constructors will break ground on the project immediately, as the 458-MW plant is due for completion by November 2021.

South Korean conglomerate Hynix has announced plans to invest over 1.68 trillion won ($1.49 billion) to build LNG-fuelled power stations adjacent to its semiconductor plants in Icheon, Gyeonggi Province, and Cheongju, North Chungcheong Province. The two plants are scheduled to start up by 2022.

The Argentine utility Central Puerto has purchased the 280-MW Brigadier López power plant from state-owned Integración Energética Argentina for an estimated $165 million, effective April 1. The buyer said it aims to boost the installed capacity of the open-cycle gas power unit by adding a 140-MW steam turbine.

Boston-based Clean Energy Future has stepped up efforts to raise financing to start construction of the 940-MW Trumbull Energy Center in Lordstown, Ohio, this summer. The aim is to commission the plant in 2020. The project had been held up by a lawsuit with Macquarie, the majority owner of the nearby Lordstown Energy Center.

Page 14 of 154

News in Brief

SaskPower proceeds with Moose Jaw project

Nov 13 – Canadian utility SaskPower has taken a significant step towards realizing a 350 MW gas power plant at Moose Jaw. The project was first proposed in 2017, but in the Canadian federal government June last year introduced new regulations for gas generation coming online after January 1, 2021, which stalled the plans. Having completed its regulatory review, Sask Power was now granted permission to proceed from the municipality of Moose Jaw. Major Fraser Tolmie said “this $700-million investment into the city of Moose Jaw, will ensure we have base-load power in the province of Saskatchewan and to maintain our power independence.”

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).