ExxonMobil is developing a coal-seam gas (CSG) acreage in Indonesia that could provide natural gas for two combined-cycle power plants in Java or feed-gas for the country's LNG production complex at Bontang, Steve Buck, exploration manager at ExxonMobil Exploration said at the 2012 Gastech conference in London.
Siemens has been awarded contracts for the combined cycle conversion of two gas-fired simple cycle power plants in Argentina by Unión Temporal de Empresas (UTE), a joint venture between Isolux Ingeniería and Inversora Andina Ibérica. The upgraded plants are scheduled to achieve commercial operation in the fall of 2014.
Mitsubishi Heavy Industries (MHI) effective October 1st has launched a new company in Singapore, named Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES). The new entity, capitalized at 15 million Singapore dollars (SGD), integrates the business of 3 local affiliated companies including Mitsubishi Power Systems (Asia Pacific) Private Ltd.
ESB and 15% shareholder Carlton Power is getting close to finalise the financing for the 910-MW Carrington plant.
ESB has reportedly already signed a first deal for a £450m of senior debt, split between a 10 year and a 17 year SERV covered tranche backed by an ESB EI toll with a liability cap on termination.
At least 10 GW of secured available generation capacity would be needed in Germany to backup renewables, however investment in combined-cycle gas turbine (CCGTs) power plants is "highly problematic" as profit margins are low, or even negative at times, and available financing remains restrained, says Reinhold Rümler, senior advisory practise at PricewaterhouseCoopers (PwC), Germany.