By 2020, the Spanish utility Iberdrola plans to double its installed power generation capacity in Mexico to almost 10,000 MW, according to a company executive, benefitting from the growth dynamic sparked by the liberalisation of the Mexican energy market.
Israel’s power major Edeltech and its Turkish partner Zorlu Enerji have signed a $3 billion contract to supply natural gas from the Leviathan field over 18 years to a proposed power plant in Be’er Tuviya.
Low US gas prices, forecast to stay below $5/mmBtu through 2040, are forecast to drive a rise in natural gas consumption in the industrial and power sector. Overall, EIA analysis sees gas use to grow 1% annually, up from 28 trillion cubic feet (Tcf) last year to 34 Tcf in 2040.
SmartSet Couplings, designed by Voith, limit the torque between the generator and the turbine in the event of a sudden voltage drop in the power system, allowing continuous plant operation. The risk of critical voltage fluctuations increases due to rising alignment of the grid to renewables and distributed power.
Japan's Jera Co, a joint venture of Tepco and Chubu Electric, has sealed a deal to sell up to 1.5 million tons per annum of LNG to the London-based trading arm of the French utility EDF. Sluggish gas demand in Japan makes utility buyers seek to offload over-contracted volumes.
Maximising operational efficiency of Pakistan’s power plant assets and doubling installed capacity to 45,000 MW is part of the governments ‘Vision 2025’. To support these goals, GE will provide its Predix-enabled digital power plant solutions to Halmore Power Generation and Orient Power.
Installed renewable generating capacity in Germany has surged 31% to reach 194 billion kWh at the end of last year. Coal power, with cheaper operational costs than CCGTs, act as backup capacity. In stark contrast to Germany’s clean energy policy at home, however, is the fact that government-backed banks still finance coal power projects around the globe.
The Prime Minister of Tanzania, Kassim Majaliwa, has announced government plans to invest $1.9 billion per year until 2025 in energy projects in an effort to end electricity shortages and boost generation capacity to 10,000 MW, up from currently just 1,500 MW.
PJM Interconnection’s second auction – with stringent pay-for-performance standards – has attracted a significant volume of new-build CCGT capacity which brought down the clearing price by $65/MW-day, or 39%, to just $100/MW-day for the majority of the region.
Operators of Nigeria’s largest power plant – the Egbin Power Station near Lagos – seek to build an LNG import terminal to remedy an acute gas shortage. Secure fuel supply would also allow expanding the power plant’s capacity from currently 1,320 MW to up to 1,900 MW.
Tata Power, India's largest integrated utility, has seen its generation capacity rise 5% in the current financial year, reaching 9184 MW as of May 2016. Most of the additional capacity is coal-fired but Tata was keen to point out its clean energy credentials.
Keen to cater to Saudi Arabia’s fast-growing power market, turbine manufacturers are stepping up local production. Siemens has just delivered its first gas turbine built in the Saudi kingdom, while GE and SAIIC signed an accord to co-invest in sectors that help develop local industries.
Malta’s D3 power plant, formerly known as the BWSC plant, has faced repeated delays and full conversion to gas is now understood to take up to 12 months. Only four engines will initially converted to Wärtsilä 50DF dual fuel, while the others will continue to run on gasoil.
AG&P is looking to partner with private developers in building small-scale LNG facilities that can deliver 5 to 20 MW of decentralised power. Commenting on average investment needs, AG&P President Albert D. Altura said: “The rule-of-thumb for LNG, and this is highly dependent on the area, is about $1 million per megawatt for small-scale projects.”
Technical consultancy E3 has worked as Independent Engineer on behalf of the lenders for the recent $780 million financing of Tenaska's Westmoreland Generating Station, a 925 MW combined-cycle gas power plant to be built near Pittsburgh.