Ineos Group, the operator of Scotland’s Grangemouth oil refinery, has condemned a decision to ban shale extraction in Scotland saying the government “turned its back on a potential manufacturing and jobs renaissance.” Operations director Tom Pickering warned Scottland will miss out on an estimated 3,100 jobs – and “it will be England that reaps the benefits.”
Integrating North America’s abundant shale gas resources into global markets keeps prices subdued: NBP averaged at $10/mmBtu in 2011-14 and by 2016 lost more than half of its value, hovering around $4.63/mmBtu. According to Societe Generale analysis, natural gas is now in a unique position to help regions transition away from coal- and oil-fuelled power generation.
Crops for bioenergy are the only renewable source able to produce heat, power as well as liquid and gaseous fuels. Planting second generation non-food bioenergy crops could, according to the Energy Technology Institute (ETI), not only helps electrify Britain, but also created new jobs in the farming and forestry sectors, post Brexit.
First fire and start of commercial operation has been achieved for Chubu Electric’s Nishi-Nagoya power plant Block-1 in Japan. The 1,188 MW plant is powerd by six GE’s 7HA gas turbines and Toshiba steam turbines, jointly achieving an efficiency of over 62%.
Commentators have openly rebuked US Energy Secretary Rick Perry’s proposal for a bailout of coal and nuclear power plants. In a letter to FERC, Perry had directed the regulator to set up a rule, offering plants that can store 90 day’s worth of fuel onsite some extra compensation. Critics dismissed this plan as “nuts” as it would interfere in America’s unregulated wholesale power market, effectively reducing the price of electricity generated from burning coal.
Coal-fired electricity generation in China, the world’s largest coal consumer, is expected to remain flat through 2040, according to EIA’s International Energy Outlook 2017 (IEO2017). Other fuels, such as renewables, natural gas, and nuclear power, are expected to make up increasing shares of China’s electricity generation.
Decentralized power generation has become reality in the city Holland in Michigan, U.S., where Siemens has just commissioned a 125 MW cogeneration plant. The combined cycle gas power plant has been build on behalf of Holland Board of Public Works.
As Turkish utilities invest in the country’s distribution network, ABB has received its largest-ever single order for 41,800 of its innovative InLine II fuse switch disconnector, for use in distribution boards across Turkey.
Just 26 months is the timeline for China Machinery Engineering Corp (CMEC) to carry out Engineering, Procurement and Construction (EPC) of the 1,263-MW Regasified Liquefied Natural Gas (RLNG) power plant in Jhang, Pakistan’s Punjab province. The Chinese firm committed to get the plant ready to produce 810 MW in simple-cycle mode within 14 months.
Ireland’s state-owned utility Electricity Supply Board (ESB) is seeking to refinance up to £400m (€453m) of debt related to its 880 MW Carrington power station in the UK before Christmas, or in early 2018, according to group finance director Pat Fenlon. ESB’s already issued €500 million worth of bonds in January and has around €1 billion of debt that matures over the next two years.
Greek engineering, procurement and construction company METKA, part of Mytilineos Group, is gearing up to carry out its first power plant project in Libya under a $400 million deal, awarded by the General Electricity Company of Libya (GECOL).
ActiveWall and Virtalis’ Visionary Render (VR) software has revolutionised processes at GE’s Swiss manufacturing site as it allows engineers to access and experience a real-time, collaborative, and immersive VR environment created from huge multi-source 3D datasets. Technical Product Manager, Deepu Sebastian pointed out that “in the design of new power plant projects, we found that the designing process has significantly improved.”
Strikingly, South Korea’s year-to-date LNG demand has risen by over 4 million tons – contrary to expectations it would fall. Yet very little of this demand strength comes from the power sector; according to Energy Aspects, Korea’s LNG appetite this year has been more down to expansion of LNG import facilities with players having bought cheap spot cargoes on spec and put the gas into storage.
The Timor-Leste government has signed a 5-year Operation and Maintenance (O&M) agreement with Wärtsilä that will see the Finish technology group monitor two power plants in real time. Remote monitoring helps to evaluate the installations' performance and ensure efficient and optimised operations.
Growing economies in Asia-Pacific and the Middle East spur new power generation projects which drives up the market value of the global transmission tower market from $13.05 billion last year to $13.46 billion in 2021.The Asia-Pacific region led the market in 2016 in terms of market value witnessing $7.50 billion and is expected to reach $7.93 billion by the end of the forecast period. According to GlobalData analysis, the market in the region is “mainly driven by new investments to develop a ‘new age’ grid.”