Tuesday, 24 April 2012 09:28

CHP plant proposed for South Hook LNG terminal

South Hook LNG terminal at Milford Haven; source: southhooklng.co.uk South Hook LNG terminal at Milford Haven; source: southhooklng.co.uk

 A new gas-fired combined heat and power (CHP) plant could be on the horizon for the Milford Haven waterway, South Hook LNG has confirmed. The news comes after the UK Government announced its backing for a major expansion in gas generated electricity to avert a looming gap in power generation capacity.

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News in Brief

UK Ofgem launches Supplier Cost Index

Jan 20 – UK energy regulator Ofgem has published its new Supplier Cost Index (SCI), which tracks ongoing trends in the main elements of costs that energy suppliers face.

“This is part of our work to publish data and analysis to help people understand the energy market and increase transparency, particularly around energy prices” Ofgem said.

The SCI is to be updated on a quarterly basis on Ofgem's data portal, along with a “wider suite of indicators on the energy market” it said.

 

New think-tank promoting use of hydrogen launches in Davos

Jan 19 - A new think-tank aimed at promoting the use of hydrogen as a clean fuel source has met for the first time Tuesday in Davos.

Formed by 13 CEO's and chairpersons from various industries and energy companies, including Toyota, Daimler, Engie, Total and Shell, the 'Hydrogen Council' “is determined to position hydrogen among the key solutions of the energy transition” it said in a joint statement.

“Hydrogen is a versatile energy carrier with favourable characteristics since it does not release any CO2 at the point of use as a clean fuel or energy source, and can play an important role in the transition to a clean, low-carbon, energy system” it said.

The group plans to invest some Eur1.4 billion/year “to accelerate their significant investment in the development and commercialization of the hydrogen and fuel cell sectors.”

Gazprom's CEO holds meeting to discuss supplies to Moldova

Jan 18 - The CEO of Gazprom Alexey Miller and the president of the Republic of Moldova Igor Dodon have held a meeting to discuss Moldovagaz's business operations and Russian gas supplies to and transiting across Moldova.

The contracts for gas supplies to and transiting across Moldova signed by Gazprom and Moldovagaz are valid until the end of 2019, Gazprom said.

In 2016, consumers in the Republic of Moldova received some 3 billion cubic meters of Russian gas.

Moldovagaz is a joint Russian-Moldovan company set up by Gazprom, the Moldovan Government, and the Ministry of Industry of Transnistria.

EIB, EIF commit Eur1.35 bil for energy projects in Italy in 2016

Jan 17 - The European Investment Bank and European Investment Fund have committed some Eur1.35 billion financing for energy projects in Italy through 2016, equivalent to 12% of total financing to Italy over the year.

Projects funded by the two EU institutions include upgrades to the gas distribution and transportation infrastructure, as well as power distribution and smart metering projects, EIB and EIF said in a joint statement.

Elemize wins Enel's energy innovation competition in Italy

Jan 16 - Italian company Elemize is to support on its crowdfunding campaign after winning a competition to promote innovative energy and green economy projects in Italy.

The company created a platform to reduce power system imbalances, thus winning the competition “Call for Disruption in Energy” launched in June by Intermonte, Consilia, Ascomfidi and Enel.

The start-up will receive backing in structuring an equity crowdfunding campaign, as well as in an acceleration programme in support of their business, Enel said.

The solution developed by Elemize uses an algorithm, software and big data to reduce imbalances in the electrical system by optimising distributed energy storage with renewable energy installations. In this way, electricity flows are automatically distributed in prosumer buildings (producer-consumer).

Eni confirms Zohr gas field production startup by end-2017

Jan 13 - Development of the Zohr gas field in Egypt is “progressing in line with the expectations” and “the production startup is confirmed by the end of 2017”, Eni said.

The statement came after a meeting between Eni's CEO Claudio Descalzi and the president of the Republic of Egypt, Abdel Fattah el-Sisi in Cairo in early January.

Eni has invested some $2.7 billion in Egypt in 2016.

Its future exploration activities in the country include the two new concession agreements for the North El Hammad and the North Ras El Esh blocks, signed on December 27 as a result of the EGAS 2015 international bid round.

Enel launches first green bond on EU market

Jan 12 - Italy's Enel subsidiary Enel Finance International has placed on the European market its first green bond for institutional investors, backed by a guarantee issued by Enel.

The issue accounts for Eur1,250 million and provides for repayment in one instalment at maturity on September 16th, 2024, as well as the payment of a fixed-rate coupon of 1%, payable annually in arrears in the month of September, as from September 2017.

The net proceeds raised from the issuance will be used to finance Enel Group’s green projects, such as the development, construction and repowering of renewable power plants and the development of transmission and distribution networks, and the implementation of smart grids and smart meters.

TBC Bank, EBRD, EU finance 17.2 MW hydropower plant in Georgia

Jan 11 - TBC Bank, the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing a financial package of $ 14.3 million (around Eur13.5 million) to Rustavi Group for the construction of the 17.2 MW Lukhuni 2 HPP hydropower plant (HPP) in northern Georgia. 

The EBRD is supporting the project with a $5.6 million loan and TBC Bank is contributing $8.7 million. Meanwhile, the EU is backing this transaction through a risk-sharing facility based on a guarantee mechanism that makes it possible to increase the amount of financing beyond the amounts that would be available without a guarantee of this kind, EBRD said in a statement.

The Lukhuni 2 HPP will have an expected annual generation of 86.3 GWh.

China lowers annual energy consumption growth at 2.5% in 2016-2020

Jan 10 - China has set its energy consumption annual growth target at an average 2.5% during over 2016-2020, 1.1% less than the 3.6% in 2011-15, according to the country's newly released 13th Five Year Plan, energy newswire Platts reported.

The lower growth was set according to the new energy consumption trend because of China's "new normal" economic growth, deputy deputy head of the National Energy Administration Li Yangzhe was quoted as saying.

GDP growth is expected at 6.7% in 2016 and 6.5% in 2017.

As a result, the total energy consumption will be contained within 5 billion mt of standard coal equivalent by 2020, the newswire reported.

UK suppliers return £670 mil owed to customers since 2014

Jan 9 - Large energy suppliers in the UK have returned almost £670 million owed to customers who closed their accounts since the start of 2014, when Ofgem called on the industry to take action, the energy regulator said.

In 2014, Ofgem challenged large suppliers to do more to return money to former customers who had credit on their account after their account was closed, typically after switching supplier. 
Large suppliers have since paid back some 90% of closed outstanding account balances, Ofgem said.

Engie sells Polaniec coal plant amid increased focus on gas

Jan 6 - France's Engie has completed the sale of 100% of its shares in Engie Energia Polska to Polish state-owned utility Enea for around Eur250 million.

Engie Energia Polska owns the Polaniec Power Plant in Poland, consisting of 7 coal units and 1 biomass unit with a total gross capacity of 1.9 GW.

The deal is in line with Engie's decision to “progressively withdraw from coal activities” and focus on gas infrastructures and low carbon activities, it said.

OpEn Fiber completes acquisition of Metroweb Italia

Jan 5 - OpEn Fiber - formerly Enel Open Fiber - has completed the acquisition of Metroweb Italia from F2i SGR and FSI Investimenti for approximately Eur714 million, Enel said in a statement.

The diversification of Enel's assets away from traditional power generation ones is in line with the company's strategy to reallocate resources to drive growth in areas such as networks and renewables.

Meanwhile, Enel said in December it had reached some Eur4.1 billion of disposals of assets, which include traditional thermoelectric power plants.

Enel, Verbund join forces with carmakers to create car charging infrastructure

Jan 4 - Italy's Enel and Austria’s utility Verbund have joined forces with carmakers including Renault, Nissan, BMW and Volkswagen Group Italia to create a fast charging infrastructure for electric vehicles on key roads and motorways in Italy and Austria.

The project, called Electric Vehicle Arteries (EVA+), has signed a grant agreement worth a maximum of Eur4.2 million euros with INEA, the Innovation and Networks Executive Agency, delegated by the European Commission (EC), Enel said.

EVA+ will be officially launched in Brussels in January 2017.

Eni, Terna to cooperate on sustainability, renewable energy projects

Jan 3 - Eni and Italy's power grid operator Terna have signed a Memorandum of Understanding aimed at developing sustainability and renewable energy projects.

The cooperation will focus on gas-to-power opportunities; access to energy; the design and implementation of power plants based on renewable sources and their connection and integration in the power grid; smart grid solutions; energy storage projects; R&D activities and energy projects with low environmental impact, Eni said.

This MoU is part of Eni's strategy for the development of renewable energy and the gradual decarbonisation of its energy mix, it said.

Energy among EU top priorities in 2017

Dec 30 - The presidents of the EU Parliament, EU Commission and the EU Council have signed a joint declaration in which they commit to give energy and climate change policies legislative priority in 2017.

“Delivering on our objective of an ambitious Energy Union and a forward looking climate change policy, notably through the implementation of the 2030 climate and energy framework, the follow-up to the Paris Agreement and the Clean Energy for all Europeans package” is a key objective for the coming year, presidents Martin Schulz, Jean-Claude Juncker and Robert Fico said.

Jobs, security and the single digital market also figured among the top priorities for 2017.

The declaration comes after the Inter-institutional Agreement on Better Law-Making of 13 April 2016, which stated the three EU bodies would agree each year on a number of proposals to which they want to give priority treatment in the legislative process.

Enel, api to develop electric cars recharging stations in Italy

Dec 16 - Enel Energia and api Group have signed a memorandum of understanding for the installation of fast recharging points for electric cars in IP service stations in Italy.

The agreement envisages the installation of fast recharging points at six IP service stations, three in Rome and three in Milan, alongside petrol and diesel pumps, by spring 2017.

Moreover, it involves the conversion of two IP petrol stations to Enel electrical recharging stations.

Developing electric cars solutions is part of Enel's strategy of diversifying its offering, against the backdrop of an increasingly challenging market environment for traditional power generators.

Enel starts operations at world's first geothermal-hydro plant

Dec 15 - Italy's Enel, through its subsidiary Enel Green Power North America, has started operations at the world’s first integrated, commercial-scale geothermal-hydro power plant at its 25 MW Cove Fort site in Utah, US.

At Cove Fort, EGPNA added a fully submersible downhole generator technology to a geothermal injection well, combining geothermal and hydroelectric power at one site, Enel said.

"The operation of this technology, a world’s first, is a major milestone for the geothermal industry and a reinforcement of our commitment to innovation and energy efficiency," said Francesco Venturini, head of Enel’s global renewable energies.