Projects & Finance

Toshiba JSW Turbine and Generator Pvt., a Toshiba Group company based in Chennai, India, has won a contract worth US$470 million to supply of three 800 MW supercritical steam turbine and generator island packages to NTPC, India's largest state-owned energy service provider. Delivery of the equipment will start in 2013, Toshiba JSW said today.

Siemens has bought the majority stake in Marine Current Turbines Ltd. (MCT), a Bristol-based developer and builder of tidal power systems. The target is "to secure a leading position in this future business," it said today.

Advanced Power has stopped the development of its 1,200 MW gas-fired combined-cycle gas turbine (CCGT) power plant project in Wustermark, Germany, after local authorities in Brandenburg had rejected a local land-use plan.

Capston Turbine Corporation, a clean technology manufacturer, has ventured into the Asian-Pacific market with the sale of its first microturbine in the Philippines. Capstone said its Asian-Pacific distributor, Sobono Energy, secured the order and will supply and commission the C800 Power Package this spring.

Inter RAO UES, a Russian state-run power generator and exporter, and the Germany utility RWE are holding talks over establishing a joint venture power plant company. The JV would oversee the operation of existing and new coal- and gas-fired power stations in Germany, the Benelux countries and the UK.

Statkraft today said it will not replace a gas-fired power plant in Emden, north-west Germany. "By mothballing the plant and reducing the staff, combined with the completion of Knapsack II, Statkraft will achieve a more competitive gas power portfolio in Germany," Statkraft CEO, Christian Rynning-Tønnesen, said.

General Electric (GE) has secured a contract to supply equipment and services for a new 900 MW gas-fired power plant in southern Turkey. GE said it will supply the plant with two Frame 9FB Gas Turbines and three generators and has also has signed a 12-year service agreement.

Qatar Electricity & Water Company (QEWC) has bought a 23.3% stake in the Jordan combined-cycle gas-fired Amman East power plant from IDB Infrastructure Fund, an infrastructure fund managed by EMP Bahrain.

Toshiba JSW has opened a new turbine manufacturing plant in Chennai, India, designed to become a "hub" to sustain the growth of its global thermal power plant business. The Japanese turbine and generator producer announced plans to double manufacturing capacity to 6000 MW by FY2015, when it will aim for US$400 million in sales.

Toshiba Corporation, a major supplier of thermal power generation equipment, has won a contract from the U.S. engineering and construction company Fluor to supply a 195 MW steam turbine and generator for a gas-fired combined cycle power plant (CCGT).

Dominion Energy is considering converting the 745 MW coal and oil-fired Salem Harbor Power Station in Massachusetts into a natural gas-fired power plant. The Virginia-based utility already had to scale down the operations of the plant in reaction to rising coal and oil prices in relation to gas prices.

The Bangladeshi utility Energy Bangla expects to complete its 150 MW Chandpur gas-fired power plant project by June this year. "90% of the works for the project have been completed," the utility said with reference to an assessment of the Bangladesh Power Development Board.

India's Reliance Power said its 2400 MW Samalkot gas-to-power plant project is ready for commissioning in a record time of 15 months. Construction costs of the plant are estimated to amount to US$ 2 billion, with financing provided by US Exim Bank, a Reliance spokesman told Gas-to-Power Journal today.

Trianel and Curenta, the operator of CHEMPARK, a chemical park in Krefeld-Uerdingen, plan to take Final Investment Decision (FID) on building a 1,200 MW combined cycle gas turbine (CCGT) power plant in Germany by late summer 2012.

Pratt & Whitney's aero-derivative industrial gas turbines can operate open cycle with fast start-up to back up renewable wind energy power drop-off, while simultaneously providing reactive power to stabilize the grid, Swift Tarbell, area director at Pratt & Whitney Power Systems said.

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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.