Projects & Finance

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.

Gazprom has commissioned the Svobodny power plant, supplying process steam and electricity to the Amur Gas Processing Plant which is being ramped up to process up to 42 Bcm per year for export to China. Installed capacity of the Svobodny plant is 160 MW electric and 249 Gcal/h thermal.

German transmission system operator Amprion has asked Siemens Energy to build two SVC PLUS series static synchronous compensator (STATCOM) systems in Polsum, North Rhine-Westphalia (NRW), and Rheingau, Baden-Württemberg. Both systems have a reactive power range of +/- 600 Mvar, making them some of the most powerful systems in the world.

A consortium led by Mitsubishi Power has completed construction of the world’s largest integrated coal gasification combined cycle (IGCC) plant in Iwaki, Fukushima, and handed it over to the customer Nakoso IGCC Power. Operational since April 16, the high efficiency plant has roughly twice the scale of the Nakoso Unit 10, a former demonstration plant.

Clarke Energy has supplied four INNIO Jenbacher J620 gas engines to a peaking power project, under construction in Campia Turzii, Romania. Operated by Nova Power & Gas, part of E-INFRA Group, the plant will be used for grid balancing and baseload power supply to Reif Industrial Park.

Chicago Bridge and Iron (CB&I) has won a contract to build storage tanks for the Philippines LNG project at Batangas on the island of Luzon. The project developer, Atlantic Gulf and Pacific Company (AG&P) said completion of Philippines LNG was expected in the third quarter of 2023.

Mitsubishi Power, part of MHI Group, has won an order for two M701JAC gas turbines to be installed at the 1,500 MW combined-cycle gas power station, under construction in the Uzbek town of Sirdarya. The order is based on an equipment supply deal with the project’s lead developer AWCA Power and ECP contractor China Gezhouba Group.

McDermott’s CB&I Storage Solution and New Energy Development have completed engineering works for two modular plants, capable to produce nearly 24,000 kilograms per day of hydrogen. Each 50 MW unit uses renewable power for a series of electrolysers that split water into green hydrogen and oxygen.

Senelec, Senegal’s state utility, has awarded an EPC contract to Wärtsilä to convert the Bel-Air power plant in Dakar to operate on LNG. Currently, the 90 MW fast-start plant is running on heavy fuel oil (HFO).The project will be the first ever power plant gas conversion in Senegal.

Sky Global's Power One peaking plant, run by six Jenbacher gas engines, has helped San Bernard Cooperative (SBEC) reestablish grid stability during a historic cold freeze in February. The engines ran in grid parallel mode, supplying localised power for several hours during a prolonged grid outage.

SSE, one of the UK’s Big Five energy companies, and Equinor of Norway are accelerating works on the world's first 100% hydrogen-fuelled power plant in Britain. Keadby Hydrogen will use up to 1,800 MW of green hydrogen to generate 900 MW of carbon-neutral electricity. Developers aim to commission the plant in 2029.

Marubeni and Tokyo Gas have sealed an agreement for Phase-1 development of an industrial park Vietnam’s Quang Ninh Province that will include an LNG regas terminal and integrated power plant. Situated some 200km from Hanoi, the project will cost around 200 billion yen ($1.92 billion) and the LNG-fuelled power station will have a capacity of 1,500 MW.

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News in Brief

CCUS market to reach nearly $3bn in 2025

Oct 25 – The global carbon capture, utilization, and storage (CCUS) market will grow from $1.30 billion in 2020 to $1.46 billion in 2021, according to ResearchAndMarket estimates. The rebound comes as companies return to normal operations and sales, after a pandemic-related slowdown. Analysts expect the market will keep growing at a rate of nearly 20% annually to reach $2.97 billion by 2025.

SDG&E accelerates drive towards Net Zero by 2045

Oct 20 – San Diego Gas & Electric Company (SDG&E) has set a new sustainability strategy, outlining new and accelerated goals to help meet its pledge to reach net zero greenhouse gas (GHG) emissions by 2045. SDG&E it now seeks to operate a 100% zero emissions vehicle fleet by 2035 – five years earlier than planned.

B&W develops biomass-to-hydrogen plant in Australia

Oct 19 – B&W's Renewable segment and Port Anthony Renewables Ltd have started to develop a biomass-to-hydrogen energy project in Victoria, Australia, based on B&W’s BrightLoop technology. When completed, the plant is expected to be part of the largest green hydrogen hub in south-eastern Australia.

LNG prices rise faster than oil

Oct 18 – Liquefied natural gas and pipeline supplies have experienced an even sharper increase in prices in 2021 than oil, driven by a combination of circumstances that included a strong recovery in demand in North Asia, southeast Asia and Europe, unseasonal weather and planned and unplanned capacity outages.

Wärtsilä shaft gensets to power two LNG carriers

Oct 14 – The Finish technology group Wärtsilä has been awarded a contract to supply four shaft generators to provide electricity take-off from the main engines of two LNG carriers. The ships are being built at the Hyundai Heavy Industries (HHI) shipyard in Korea on behalf of the Capital Gas Ship Management of Greece.

VoltH2 gets green light for large hydrogen plant

Oct 13 – Vision Hydrogen Corp has announced that its affiliate VoltHe has received building and environmental permits to realise its first large-scale hydrogen plant at the Dutch North Sea Port of Vlissingen. The 5 MW hydrogen plant is located near existing high voltage power and gas infrastructure as well as large wind power assets. Once operational, it will produce around 3,500 tons of green hydrogen per year and will be scalable to 100 MW or 14,000 tons.

Tesla overtakes German e-cars

Oct 12 – Sales of Tesla in Germany has overtaken that of leading German carmakers. In September, more electric Tesla Model 3s were registered in the country than leading domestic models, such as the BMW 3 Series, Audi A4 and Mercedes C-Class combined.

EnerMech spends £500k on crane training tech

Oct 11 – EnerMech has invested £500,000 in new crane simulator training systems at its Luanda (Angola), Doha (Qatar) and Great Yarmouth (UK) facilities. The British company recently formed a joint venture with 3t Energy Group to bring the KraneSIM-6000 equipment to both Qatar and Angola and offer in-country training across client organisations globally.  

Germany finances green hydrogen projects abroad

Oct 8 – The German government has agreed to support green hydrogen projects in other countries with up to €350 million by 2024, the economy ministry said when publishing a directive with relevant guidelines. Moreover, financial support is given to projects that produce and process green hydrogen for storage, transport and use in countries outside the EU through investment grants worth up to €15 million each.

UK e-car sales surge 186%

Oct 6 – Sales electric cars in the UK have surged 186% to a total of 108,000 in 2020 during the pandemic, up from just 38,000 in the previous year. Latest statistics show there were nearly 300,000 pure-electric cars on UK roads at the end of August 2021, and more than 600,000 plug-in models if including plug-in hybrids (PHEVs).

FogHorn deploys AI software at Chugoku Electric Power in Japan

Oct 4 – FogHorn, developer of Edge AI software, has deployed its Internet of Things (IoT) software at the Chugoku Electric Power hydroelectric power plant. The AI solutions will make the power gen process more efficient and enhances workplace safety. Chugoku Electric Power employs nearly 9,200 workers across 114 power units in the western part of Honshū, the largest island of Japan.

Rolls-Royce supplies MTU engines for ferry propulsion

Oct 1 – Rolls-Royce's new MT engines, automation system, and MTU Go! tool for remote service have future-proofed the high-speed catamaran Avemar Dos, run by the Spanish operator Balearia. Four MTU 20V1163 M84 units replaced the previous 1163 units, taking the vessel to a "new level of ecological soundness," the manufacturer says.

GES appoints former Puma Energy Chairman as NED

Sept 30 – Global Energy Storage (GES) has appointed the former Puma Energy Chairman, Graham Sharp, as an NED. Graham will support GES on its ‘new energies’ strategy for the energy transition, focusing on hydrogen fuels and hydrogen carriers space.

Aggreko reaches 2 GW of live power gen capacity

Sept 29 – Aggreko has today announced it has reached 2GW of live global gas power capacity and growth in flare gas to power and stranded gas projects. This new record follows a milestone of exceeding 1GW of delivered flare gas power projects in 2020.

Wärtislä renews O&M agreement with Lafarge Africa

Sept 28 – The Finish technology group Wärtsilä has renewed a long-term Operation & Maintenance (O&M) agreement with Lafarge Africa, a large producer of building materials in Nigeria. The agreement covers the 100 MW Lafarge Ewekoro power plant, which provides a dedicated supply of electricity to the company’s concrete and cement manufacturing processes.

Rolls-Royce supplies MTU engines to Sanlorenzo

Sept 27 – Rolls-Royce business unit Power Systems will become one of the leading engine suppliers for Sanlorenzo, delivering MTU 10V, 12V and 16V 2000 yacht engines with a compact IMO 3 solution. A framework contract from 2022 through 2024 has been signed at the Monaco Yacht Show.

Shell exits Permian Basin

Sept 24 – Royal Dutch Shell has sold all its upstream interested in US Permian Basin to ConocoPhillips for $9.5 billion in cash. Shell’s assets in the Permian include around 225,000 net acres with a current production of around 175,000 barrels per day equivalent.

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