Projects & Finance

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.

Siemens, the German engineering company, has received an order worth over US$1 billion to supply key components for the IPP Qurayyah combined cycle power plant (CCPP) in the Kingdom of Saudi Arabia. Commissioning of the total of six blocks is scheduled for 2014, Siemens said today.

Shanxi Ruiguang Heat & Power Company has started commercial operations of the second unit of its 2x300 MW Ruiguang power plant, located in China's Jiangsu province.

American Electric Power (AEP) has started commercial operation of the 580 MW combined-cycle gas power plant in Dresden, near Ohio, U.S. The operational start-up of the Dresden plant is "another step in the transformation of AEP's generating fleet", said Nicholas K. Akins, AEP president and CEO.

GE Energy plans to complete works to upgrade two 30-year-old 9B Gas Turbines at an Italian power plant in Trapani to GE 9E Gas Turbines in 2013, the company's Italian division told Gas-to-Power Journal today.

Utilities in Europe currently have access to a lot of natural gas, but it is cheaper for them to use their coal-fired plants for generating electricity, Albrecht Müller von Blumencron, director project finance Bayern LB said today. Nonetheless, he foresees a "brighter future" for the gas-to-power sector in Europe in the mid-term, provided utilities will have to more flexible gas supply.

The U.K. will face a capacity gap at the end of this decade. Investors in new flexible gas-fired power generation capacity will have to find a way to handle the risks posed by ambitious renewable targets and uncertainties surrounding the implications of the Energy Market Reform, Clare Duffy, General Manager, ESB International, said in London today.

Uncertainty about the liberalization process of the Turkish natural gas market may hamper investors to commit to realizing large gas-fired power plant projects in Turkey, Robert Selim Hill, researcher at Energy Brainpool said today. "For the near future it will especially be difficult to plan and realize large natural gas power plant projects," he told Gas-to-Power Journal.

TLT-Bancock India said today it will open a new manufacturing facility near Bangalore, in April 2012. The components produced at the facility will be sold to power producers in the growing Indian market. "When production begins in a few months, TLT-Babcock will have fully arrived in support of India's electric power expansion and general growth plans," David Klossner, President of TLT-Babcock said.

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News in Brief

German utilities invest record amounts

Jan 21 – Energy companies in Germany invested a record €20.5 billion in 2021, and the industry association BDEW expects capital expenditure will stay high throughout 2022. Out of the total sum, €4.3 billion were invested in electricity generation plants, €9.9 billion in transmission and distribution plants and €1.2 billion in other assets, such as metering points and information technology.

H2-powered plant for French Guiana

Jan 20 – Siemens Energy will set up a hybrid plant to supply stable baseload electricity to 10,000 households in French Guiana. An intelligent combination of 55 MW photovoltaics, an electrolyser to produce green hydrogen, fuel cells and energy storage is scheduled to be commissioned in the autumn of 2023.

Decarbonising UK homes

Jan 19 – Just 9 million hot water cylinders are currently installed in British homes, leaving a gap of 18 million homes whose heating would need to be decarbonised for the UK to meet Net Zero. According to the trade body HWA, the political focus of decarbonising heating has been solely on the heat source; such as boilers and heat pumps – while little to no focus has been on hot water cylinder. This gap in in government policy, which could result in unnecessary costs to consumers.

Cresta to fund Lapis Energy’s CCS projects

Jan 18 – Texas-based Cresta Fund Management has agreed to finance Lapis Energy’s CCS and clean hydrogen projects. The two partners are now looking to identify, design and develop projects for the permanent sequestration of CO2, targeting customers within the heavy industry and petrochemical companies.

GE to repower Long Lake plant

Jan 17 – GE will modernize four generors at the Long Lake hydropower plant in northwest US, operated by Avista Utilities. Once refurbished, the plant will have an installed capacity of more than 100 MW. The first modernized Long Lake unit is scheduled to go into operation at the end of 2024 and the last one in 2029

mtu to power Romania’s largest data center

Jan 14 – mtu Series 4000 gas generators will provide electricity heat and cooling for Romania’s largest data center. ClusterPower is building a 273,000-squaremetre technology campus near Craiova by 2025, where it will host five data centers with a Power Usage Effectiveness (PUE) of 1.1

Green hydrogen from Quebec

Jan 13 – Charbone has agreed to provide the US propane distributer Superior with green hydrogen from its Sorel-Tracy facility in Quebec, Canada, starting from the third quarter of 2022. The hydrogen will be delivered directly from Charbone’s H2 plant to Superior’s customers which include mining, power generation, transportation and industrial energy users. 

Cresta to fund Lapis Energy’s CCS projects

Jan 12 – Texas-based Cresta Fund Management has agreed to finance Lapis Energy’s CCS and clean hydrogen projects. The two partners are now looking to identify, design and develop project for the permanent sequestration of CO2, targeting customers within the heavy industry and petrochemical companies.

US rivals Australia as world’s largest LNG exporter

Jan 11 – Analysts at the US Energy Information Administration (EIA) are confident that the growth in US LNG exports could see America’s liquefaction and send-out capacity exceed that of Australia and Qatar – the world’s two largest LNG exporters. Looking ahead, the EIA expects US exports of the super-chilled gas will rise 17% from 2021 levels to average 11.1 Bcf/d from December through March.

Africa’s first FLNG plant arrives in Mozambique

Jan 10 – Coral Sul FLNG, Africa’s first-ever floating LNG facility has arrived in Mozambican waters. The plant is critical to develop the US$7 billion Coral South project, led by the Italian oil and gas company Eni. Some of the produced gas will be used for power generation in Mozambique, though most will be liquefied and sold to global markets.

GE snaps up Opus One Solutions

Dec 23 – GE Digital has agreed to acquire Opus One Solutions Energy Corp, a Californian software company that helps utilities integrate renewables and Distributed Energy Resources (DERs) at scale across the electric grid. The transaction is expected to close within 30 days, GE stated without disclosing what price was paid for the takeover.

Qatar invests in Rolls-Royce’s nuclear power business

Dec 22 – Qatar Investment Authority, the state’s sovereign wealth fund, has agreed to invest £85 million in Rolls-Royce SMR, the company’s new technology for small-scale, low carbon nuclear power. UK business and energy secretary Kwasi Kwarteng called the investment a “clear vote of confidence” in the UK’s nuclear innovation. It follows £210 million Qatari investment in the development in Small Modular Reactors. Now fully funded, Rolls-Royce SMR business also received £490 million through commercial equity and UK Research and Innovation (UKRI) grant funding. 

JERA helps Japanese film producer curb emissions

Dec 20 – Toho, a Japanese film producer and entertainment company, will get support from the country’s largest power producer JERA to reduce CO2 emission from film production. To that end, JERA will supply zero-emissions energy to Toho and draw up a roadmap to decarbonise the media company as a whole.

Tractebel develop concept to store H2 offshore

Dec 17 – Tractebel Overdick and partners have developed an offshore infrastructure and processing facilities concept that relies on the storage of hydrogen (H2) in offshore caverns. The design study outlines a scalable offshore platform for the compression and storage of up to 1.2 million cubic meters of hydrogen.

Ethatec uses CO2-free power to produce ethanol

Dec 15 – ESG Clean Energy has signed a letter of intent (LOI) with Ethatec to use ESG’s patented CO2-free gensets to its ethanol production. Ethatec uses waste from bakeries and pizza factories which is being crushed and then mixed with water and enzymes and heated in a multi-stage mashing process to saccharify the starch. It is then cooled and fed into fermentation tanks, where yeast is added. for alcoholic fermentation of the sugar. After 72 hours, the mixture is fed to a distillation system where ethanol is obtained.

Anax helps Magellan mine bitcoin under US$12m deal

Dec 16 – Ohio-based Magellan Scientific has entered a long-term accord, worth US$12 million, with Anax Power to generate zero-emission electricity from natural gas flows for Magellan’s distributed data centres, using 500 kW Anax turboexpanders. This green power will be used to lower the carbon-intensity of bitcoin mining and help US interstate pipeline operators and utilities accelerate their net-zero emission goals.

Cryogenic insulation market to top $4.6m by 2026

Dec 14 – The global market for cryogenic insulation is forecast to reach $4,659.85 million by 2026, expanding at an annual rate of 8.76% over the next five years. According to ResearchandMarkets, companies need to keep investing in R&D to deliver more efficient products at a lower cost and improve product durability.