To avert repeated blackouts, India's power sector is in need of $250 billion investment over the next three years to add new generating capacity, update the ageing power grid and help maintain fuel supplies. Total investment of over $250 billion is required for development of the power system during the 12th plan," according to a report from Delhi-based consultancy Integrated Research and Action for Development (IRADe).
Northern States Power, a subsidiary of U.S. utility Xcel Energy, has questioned the need for new gas-fired capacity in Minnesota following the downward revision of its power demand forecasts. Changes in the Midcontinent ISO’s reserve requirements are claimed to be partially responsible for the lower than expected demand.
With seven liquefaction projects due for completion before 2018, Australia is set to overtake Qatar as the world's largest LNG exporter. However, rising domestic demand and a 'gas reservation policy' for power generators and industries in Eastern Australia may limit volumes available for exports and increase prices.
UK power plant developer Carlton Power has appointed the investment firm Macquarie Capital as debt and equity adviser for its proposed £1.2 billion Trafford Power combined cycle gas turbine (CCGT) power station. The 1.8 GW plant power project will bid into the upcoming first UK capacity auction in December.