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Tuesday, 24 April 2012

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

Wärtsilä 2014 profit drops

Jan 30 – Finnish power solutions supplier has seen net profit fall to €389 million in 2014 from $425 million in the previous year. "Newbuilding prices are under pressure due to current market volumes," the company said with reference to its marine segment, but stressed demand for long-term service agreements would remain firm both from marine and power plant customers.

EPA approves Tenaska Brownsville Generating Plant

Jan 30 - The U.S. Environmental Protection agency (EPA) has approved a greenhouse gas permit for the Tenaska Brownsville Generating Plant in Brownsville.

The appproval means the $500 million plant can now progress to the final stage of construction permits and approvals related to interconnections

Shell to slash spending by $15bn

Jan 29 – Falling oil prices have prompted Royal Dutch Shell to cut back investment by around $15 billion over the next three years.
"We are taking a prudent approach here and we must be careful not to over-react to the recent fall in oil prices," van Beurden said. Shell's profits for Q4'2014 had risen to $4.2 billion, up from $2.2 billion in the same period a year earlier.

GE, Statoil partner on technology

Jan 29 – Norway's Statoil and US major GE have entered a new collaboration to accelerate the development of energy solutions. In focus are CNG In A Box™, a solution to reduce flaring, as well as ways to increase fuel efficiency through gas compressor optimization and with turbine online water wash technology.

PPL, Riverstone accept FERC's mitigation measures

Jan 28 – PPL Corp and Riverstone' affiliate RJS Power have accepted additional market power mitigation measures requested by FERC for the approval of a spinoff of PPL Energy Supply and its merger with generation assets owned by RJS Power. The firms aim to launch a new independent power producer, called Talen Energy.

Dubai aims to produce "world's cheapest electricity"

Jan 28 – Dubai Electricity & Water Authority (DEWA) has been awarded a contract to build a 200 MW solar plant which is planned to be increased to 1,000 MW capacity by 2030. The plant is meant to produce "world's cheapest electricity", according to its future operator, a group led by Saudi Arabia's ACWA Power.

 

Ninemile 6 starts up in Louisiana

Jan 27 – Energy Corp has fired up a new $655 million gas-fired unit at its Ninemile power plant in Westwego, Louisiana. The new unit, known as Ninemile 6, replaces the two oldest units at the facility, which have been retired.

California: $60m landfill gas to energy project underway

Jan 27 – Construction has stared on a $60 million landfill gas to energy project near Irvine in California. Once operational in early 2016, the plant is expected to generate around 160,000 MWh annually, which will be sold by Anaheim Public Utility.

Russia may help North Korea to develop power grid

Jan 26 – North Korea is in talks with Russian companies over a project to update the country's electricity transmission network at a cost of $20-30 billion, the South Korean newspaper Chosun Ibo reports. In return, Russia would export electricity and gain access to rare earth metals in the People's Republic of Korea.

GRDA breaks ground on combined-cycle plant

Jan 26 – Grand River Dam Authority has broken ground on its Oklahoma-based unit 3 combined-cycle gas power project. The official ceremony for the 495 MW block 3 was held late Friday.

GS Power, GE strike energy partnership

Jan 23 – South Korea's GS Power signed a memorandum with GE jointly develop technology to improve efficiency of domestic power plants, fuel cells and energy storage systems. Sohn Young-ki, president of GS Power President said the company aims to build 4 new power plants and overseas by 2030.

Pakistani power plant suspended after gas pipeline explosion

Jan 23 - A bomb attack on a gas pipeline in Pakistan has suspended gas supply to the Uch power plant power.

The explosion in Dera Murad Jamali early on Friday morning suspended two units of Uch power plant reducing capcity by 800 MW. 

RWE considers selling power plants

Jan 22 – Germany's RWE said it evaluating the sale of power plants into foreign countries as 20-30% of its plants cannot cover operating costs. However, the deconstruction, shipment and reassembly of power plants at a different location is very difficult and costly.

Gas futures gain as cold weather returns

Jan 22 – Natural gas futures traded at NYMEX have gained in value on forecasts of a return of very cold weather by the end of his week. From the end of January to early February, temperatures are predicted to be 5 to 10 degrees below normal, which propelled up prices of natural gas for February delivery 5.1% to $2.97/MMBtu.

Scottish Power to cut gas prices by 4.8%

Jan 21 – Scottish Power is the last of Britain's major gas suppliers to announce a price cut, taking 4.8% off prices from 20 February. Earlier this week, British Gas said it will reduce prices by 5% from 27 February, while E.ON's 3.5% price cut has already taken effect.

Philippines: Ilijan CCGT now at 900MW

Jan 21 – The 1,200 MW Ilijan combined-cycle plant, which can supply around 15% of Luzon's power grid requirement, is now running at 900 MW after repairs were carried out by KEPCO Ilijan Corp. The power plant consists of two units of 600 MW each, but block A has been shutdown due to damaged compressor turbine and casing.

Europe's gas demand -12.9% yoy

Jan 20 – Societe Generale's SG Pulse shows a staggering 12.9% drop in gas demand in 2014 vs 2013. Turkey's gas demand has fallen below the 400 bcm mark. "Nineteen years of growth have now been erased," the bank's analysts commented.

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