Ohio-based First Energy Corp. has reduced the sales price for five gas-fired power plants and a hydro electric facility in Pennsylvania and Virginia in an effort to close on a drawn-out deal with Power Equity Partners, a New-York based infrastructure fund. The assets, with a combined capacity of 1,615MW, will now be sold for $835 in cash.
Despite declining costs for generating electricity from fossil fuels in the U.S., retail electricity prices have continued to rise in line with inflation – mainly due to higher expenses for delivering the electricity to end-customers. Power transmission costs have increased in real 2016 dollar terms from 2.2 cents/kWh in 2006 to 3.2 cents/kWh in 2016, roughly offsetting the decrease in the generation costs.
Silver Spring Networks and Genus Power Infrastructures, a smart meter provider in India and Southeast Asia, have agreed that the latter will integrate Silver Springs IPv6 network interface cards (NICs) into its single-phase and three-phase smart electric meters.
Britain’s has embarked on a difficult process of untangling its economic ties with the European Union which may put the construction of three planned EU-UK gas interconnection pipelines at risk. Thierry Bros, OIES research fellow, pointed out the UK needs to “reshape its energy diplomacy” as it will have to negotiate gas supplies with both the EU and Norway, which supplies some 38% of its gas, in the future.
A draft policy paper published by South Korea’s energy ministry this week signals a strategy of adding between 5-10 GW to the county’s installed capacity, mostly from LNG-to-power projects and renewables. The envisaged new clean energy plants would expand Korea’s installed capacity by about 10%.
Shamara Holding Group (SHG), one of Iraq’s largest private industrial conglomerates, has awarded an order to ABB a $30 million order to supply and install a substation at the 3,000 MW Rumaila power plant. The new-build Rumaila plant is expected to boost Iraq’s power generation capacity by 20%.
Czech utility Energetický a Průmyslový Holding (EPH) has taken over operation of the Langage combined-cycle gas turbine (CCGT) from Centrica. The parent company of British Gas had chosen to divest Langage, together with the South Humber Bank CCGT as part of a £318m deal as it seeks to focus more on energy storage and distributed generation.
The energy services division of Australia’s Energy Queensland has joined forces with the energy tech firm GreenSync to create a cloud-based, load control system designed to manage extreme electricity demand during severe temperature events. Queensland treasurer Curtis Pitt called it “Australia’s biggest virtual power plant (VPP).”
Eager to electrify remote areas and support energy-intensive industries, governments across Asia are investing in electrical infrastructure projects. The Asia-Pacific region hence is about to become the largest market for power transformers worldwide.
Banks are reluctant to give Nigeria’s Egbin Power new loan facilities as the utility is burdened with substantial debt. The company has been seeking to refinance N125 billion ($352bn) it owes to the Federal Government and now wants to raise another $1.2 billion to expand the Egbin Power plant by up to 1,500 MW by 2020.
Australia’s power provider Hydro Tasmania is preparing to run the combined-cycle gas turbine at its Tamar Valley Power Station as of Tuesday morning local time -- purely for economic reasons. "Mainland electricity prices are currently high. The CCGT will be operated to help reduce the amount of electricity Hydro Tasmania needs to import from Victoria over the drier months, therefore reducing overall cost,” the utility pointed out.
The UK government plans to publish the long-delayed £50 billion hydrogen strategy to clean up emissions from the country’s heat, transport and industrial sectors within weeks. Jon Slowe, a director at Delta-ee, singled out decarbonising heat as “the biggest challenge in reducing carbon emissions.”
EnergyAustralia, one of the nation’s three big power generators, is understood to have hired Morgan Stanley to advise on a bid for IFM Investor’s gas-fired power stations in Victoria. The sale of two Ecogen assets, with a combined capacity of 960 MW, comes amid heightened uncertainty over Australia’s clean energy policy which has propelled up gas and electricity prices.
Decoupling a portion of the low-voltage grid in the Allgäu region of Germany, Siemens and its partners have implemented a self-contained microgrid using only renewable power supply. Insights from this “islanded grid” in Wildpoldsried serve as a model for the “transformation to power supply supported by prosumers.”
Gas-burn for power generation in Spain has ended the month of August with an increase of over 60% to reach 7,800 GWh – the highest figure for this month since 2011, according to Enagas figures. The steep increase in the contribution of gas in the Spanish power mix was caused by very low hydro power availability and a lower generation from wind power.