General Electric (GE) has secured a contract worth nearly US$200 to supply steam turbine technology, power generation services and distributed control systems for the conversion of Saudi Electricity Company's (SEC) PP10 power plant from simple to combined-cycle operation. The conversion will boost the capacity of the plant by 1,300 MW, GE said.
The Russian gas major Gazprom seeks to buy a 50% stake in the gas-fired Severn Power Station (824 MW) near Newport in South Wales, according to industry sources. Dong Energy declined to comment on ongoing negotiations, but a spokesman confirmed Dong and Gazprom are evaluating participations in power plants in the Netherlands and in the U.K.
Poweo, an independent French power and gas company, today posted a net loss of €63.4 million in 2011, incurred primarily by losses in its power generation business. Revenue from power generation revenue dropped from €185 million in 2010 to €124 million last year due to unfavourable profit margins at its CCGT power plant at Pont-sur-Sambre (412 MW).