Projects & Finance

New York-based New Fortress Energy (NFE) today has posted first-quarter net loss of $39.5 million as it strives to complete LNG import projects for the local power sector in Mexico and Nicaragua in the next two months. “Developments are advancing on budget and schedule,” the company said, adding the terminals are due operational in Q2-2021.

Energias de Portugal (EDP) is preparing to install a Power-to-Hydrogen system at its Ribatejo combined-cycle gas power plant (3 x 392 MW) northeast of Lisbon. The three units, powered by V94.3A gas turbines in single shaft configuration, have a combined capacity of 1.176 MW. Trial runs are expected to start in March 2023.

Electricity Supply Board‘s (ESB), Ireland’s largest utility, has ordered a grid stabilizing system from Siemens Energy for Moneypoint power station where ESB launched a ‘Green Atlantic’ project. The coal power site in County Clare will be transformed into a green energy hub, based on renewables and hydrogen with a view to powering 1.6 million homes.

Singapore-based utility Nexif Energy, backed by Denham Capital, has reached financial close on its 154 MW Snapper Point power plant, under construction at Outer Harbour, South Australia. The peaking plant is powered by five converted GE gas turbines, leased for 25 years.

Energy Australia, part of Hong Kong-listed CLP Holdings, has decided to invest A$300 million ($232m) to expand its Tallawara power plant after having received A$83 million in state funding. The plant will be upgraded to hydrogen co-firing and help balance a looming capacity deficit when AGL retires its large Liddell coal power unit in 2023.

Siemens Energy, together with the Spanish EPC contractor TSK, will supply and install an F-class gas turbine at Atinkou’s new combined-cycle power plant, under construction in Jacqueville, Ivory Coast. Owned by Atinkou, part of Eranove Group, the CCGT will have an installed capacity of 390 MW and is due operational in late 2022.

MAN Energy Solutions, together with China National Heavy Machinery Corp (CHMC), has build and commissioned a 200 MW power plant near the Cambodian capital, Phnom Penh. It consists of eleven MAN 18V51/60DF engines and is now being operated by Electricité du Cambodge.

General Electric has completed works at four LM6000 aeroderivative gas turbines at Songas’ Ubungo power plant in Dar-es-Salaam, Tanzania. The plant had been on outage during servicing and routine parts replacement, but now continues to deliver up to 150 MW of electricity to the grid.

Finland’s transmission system operator Fingrid has contracted Siemens Energy to deploy ten bays of sulfur hexafluoride (SF6)-free gas-insulated switchgear (GIS) at a substation near Helsinki. The novel system will replace the potent greenhouse gas SF6 with „clean air”, a mixture of nitrogen and oxygen. Commissioning is scheduled for summer 2022.

Philippines’ Department of Energy has given notice to proceed (NTP) to Vires Energy’s proposed floating LNG import unit and integrated power generation unit at Batangas Bay. The permit is valid for six month during which time Vieres needs to submit proof of financing to the regulator.

Punjab Thermal Power’s 1,263 MW LNG-fuelled project near Trimmu Barrage, Jangh district,, has reached financial close. Total project cost is estimated at $708 million, financed through 75% commercial debt from National Bank of Pakistan, Bank of Punjab, United Bank and Habib Bank.

Nebras Power Investment Management (NPIM), the Dutch affiliate of Qatar-based Nebras, has acquired a 24% stake in Unique Meghnaghat Power Ltd which is building an rLNG-fuelled combined-cycle power station in Bangladesh. The 584-MW plant, situated some 27km east of Dhaka, will be one of the country’s largest IPPs upon completion in late 2022.

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News in Brief

Howden powers methanol plant

July 29 – Howden will deliver a hydrogen compressor to Johnson Matthey to serve the world’s first methanol plant that harnesses energy from the wind, in Patagonia, Chile. The Haru Oni project will deliver around 900,000 litres per year of e-methanol as early as 2022 and will be scaled up to 550 million litres of e-fuels per year by 2026.

Bloom SOFCs to power micro plant in South Korea

July 28 – California-based Bloom Energy, in cooperation with SK ecoplant, will install solid oxide fuel cells (SOFCs) in a combined heat and power (CHP) plant in Donghae City, South Korea. The CHP will provide heat and warm water for the nearby Bukpyung sports center. Construction on the project is slated to start this autumn.

Shanghai Electric to digitalise factories

July 27 – Shanghai Electric has entered a partnership with AI Investment Fund at the WAIC 2021 conference to provide digital solutions to industrial parks and medical institutions. Yang Hong, Vice President of Shanghai Electric said the aim is to help industries to minimise emissions and waste while maintaining low unit costs.

Slow LNG uptake in Africa

July 26 – In Africa, the uptake of LNG imports to new markets has been slow. Both Ghana’s 1.7 million tons per annum (mtpa) Tema LNG and Senegal’s 1.0 mtpa Dakar Powership are still awaiting their first LNG deliveries, though their respective FSRUs Vasant and Karmol LNGt Powership Africa have been in place since June.

Growth in turbine air filtration tops 3%

July 22 – The turbine air filtration market is expected to grow 3.27% annually from $1.92 billion in 2020 to reach $2.29 billion in 2026. Demand from the oil & gas industry and electric utilities had plunged during the corona crisis and subsequent economic downturn, but the latest trend towards clean energy is driving robust growth for turbine air filtration which can be widely and easily applied in the power sector.

US oil exports stay high

July 21 – Despite volatile prices, U.S. crude oil exports reached a record high in 2020 and remained strong this year, averaging 3.51 million barrels per day (b/d). Expanded ports at Houston and Corpus Christi allow for oil to be exported from the Permian Basin and Eagle Ford Basin.

CVEC to be converted to hydrogen

July 20 – Cricket Valley Energy Center (CVEC) is taking steps to run the  combined-cycle plants on hydrogen. Works to convert the plant will be carried out by GE and are scheduled to start in late 2022. One of three GE 7F.05 gas turbines at CVEC will be introduced to a 5% hydrogen blend with natural gas.

MAN ETES labelled solar impulse efficient

July 16 – MAN Electro-Thermal Energy Storage (ETES) was attributed the “Solar Impulse Efficient Solution” label by independent auditors. In January, the German manufacturer supplied to ETES heat pumps to DIN Forsyning for a heat and power plant in the Danish port city Esbjerg.

Electricity sales to US industry rebounds

July 14 – Economic recovery has caused a 5.1% rise electricity sales to US industry this year, dwarfing 2.8% more retail sales and a 2.1% rise in the commercial sector as many office workers continue working from home. The US Energy Information Administration’s (EIA) acting administrator, Steve Nalley, called the rebound in electricity sales to industry a “strong sign of rising levels of economic output as the Covid-19 pandemic recedes.”

Solar PV to triple in Asia by 2030

July 13 – Asia Pacific solar photovoltaic capacity could triple to 1,500 gigawatts (GW) by 2030. According to Wood Mackenzie estimates, China will add 619 GW of mainly utility-scale capacity while most other nations in Asia prefers distributed solar due to land constraints. Solar PV tends to be backed up by flexible gas gensets and energy storage, forming hybrid power units.

Kinder Morgan closes on Stagecoach assets

July 12 – US energy infrastructure major Kinder Morgan has closed its acquisition of Stagecoach Gas Services. The deal include 4 gas storage facilities with a 41 bcf working gas capacity and a transmission network with multiple interconnects to major interstate pipelines, including Tennessee Gas Pipeline. The Stagecoach assets add to Kinder Morgan’s approximately 83,000 miles of pipelines and 144 terminals.

Dortmund cancels electrotechnik fair

July 9 – The elektrotechnik fair, planned for 29 September to 1 October 2021, will now not be taking place in Dortmund due to requests from the industry. The next trade fair for building, industrial, energy and lighting technology will now open its doors again in spring 2023.

Hitachi to change name of ABB Power Grids

July 7 – Hitachi ABB Power Grids will become Hitachi Energy in October. The Japanese manufacturer bought a controlling stake in ABB’s grid business a year ago and is about to fully take the name of the merged company while expanding its direction towards e-mobility and data centres.

Tapping wind energy for hydrogen

July 6 – Spanish utility Naturgy and the gas grid operator Enagás are evaluating the use of 350 MW offshore and onshore wind capacity to produce green hydrogen. The fuel will be used to decarbonise the steel industry and shipyard in northwest Spain.

EU seeks to expand Green Deal to Africa

July 5 – The European Green Deal should be expanded to also include African states as partners, the German development minister Gerd Müller said. Green hydrogen production in Africa, in his view, should be a “cornerstone for economic cooperation with the Europe.”

Decom Engineering updates PCR

July 2 – Northern Ireland-based Decom Engineering has invested more than £700,000 to develop tools for repurposing and clean decommissioning of energy infrastructure. Through updated Pipe Coating Removal (PCR) equipment, decommissioned or surplus pipelines can be cleaned of multiple coatings, so they can be repurposed for used on other projects.

Cummins buys half of Momentum Fuels

July 1 – Cummins has signed a letter of intent to acquire a 50% equity interest in Momentum Fuel Technologies from Rush Enterprises. The transaction is expected to close before year-end, and the combined venture will produce Cummins-branded natural gas fuel delivery systems for the commercial vehicle market in North America.

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