Projects & Finance

General Electric's vice chairman John Rice has confirmed GE's 2012 outlook and expectations for continued double-digit revenue growth from its Industrial and Capital segments in its global growth regions in 2012 and 2013. "The world needs more power (...) to meet the needs of growing populations and an emerging middle class," Rice said at an investor meeting today.

ABB, a power and automation technology group, has secured orders worth over US$70 million from the state controlled Saudi Electricity Company (SEC) to build five new substations in Saudi Arabia. In the fourth quarter of 2011, ABB received orders from SEC totaling more than US$250 million, it said.

Saudi Electricity (SEC), Saudi Arabia's state controlled utility, has posted a tender to find a partner for building and operating a 1,700 MW independent power plant (IPP) in Saudi Arabia. Expressions of interest in running the plant should be submitted by March 21, SEC said today.

ladwig michael

Michael Ladwig

Alstom is offering upgrades to its GT26 installed fleet in Spain to improve efficiency and flexibility of gas-fired power plants to make them more suitable for balancing intermittent electricity supply from renewable energies.

"These upgrades increase the power plant's output and efficiency including performance at part-load which is key for renewables integration," Michael Ladwig, Director, Marketing & Product Management at Alstom's Gas Business told Gas-to-Power Journal today.

China's National Development and Reform Commission (NDRC) has given Huaneng Power International the regulatory green light for its Huaneng Yunnan Chuxiong natural gas-fired co-generation power plant project in Yunnan province, south-western China.

Wärtsilä, a provider of lifecycle power solutions, has signed an Operation & Maintenance (O&M) agreement with Energética Suape II SA in Brazil for the 380 MW Suape II power plant.

Schmack Biogas will increase production capacity of a biogas plant in Salovci, Slovenia, from 500 kW to 1 MWel [megawatt electric], Oliver Vigano, a Schmack Biogas sales representative, told Gas-to-Power Journal.

Orascom Construction Industries (OCI), one of Egypt's largest corporations, has received Government approval for an EPC contract worth US$ 363 million to build 1,000 MW gas-fired power plant in Baiji, Iraq. The project is expected to be completed in 21 months, OCI said.

Direct Energie, a French electricity supplier, and Siemens Energy have won a tender to build a combined cycle gas-turbine (CCGT) power plant in Brittany. Direct Energie, the owner and operator of the plant, said today it commissioned Siemens to supply the gas turbine.

Dominion Virginia Power is proposing to spend more than $1 billion to build a combined-cycle, natural gas-fired power plant in Brunswick County, U.S.

Verbund, Austria's largest power company, is in the process of commissioning its 832 MW gas-fired power plant in Mellach. Full commercial operations at the plant will start in the coming weeks.

AES Corporation, a Fortune 200 global power company, is divesting power plant assets with a combined capacity of 2,700 MW in Spain and New Jersey, U.S. Aggregate proceeds from the agreed sale of its 100% interest in the Red Oak and Ironwood plants and its 80% interest in the Cartagena CCGT are estimated to total $463 million, it said.

With more Russian industries turning to on-site power technologies to reduce their operational costs and increase their energy security, GE Energy sees an increasing demand for its Jenbacher cogeneration units.

China's largest landfill gas (LFG) power generation project, the Laogang LFG facility, will be powered by ecomagination-qualified Jenbacher gas engines. Seven of GE's Jenbacher J420 gas engines with a capacity of 10 MW each, will supply electricity to the new Laogang LFG facility located in Shanghai, GE Energy said.

Investment in new combined heat and power (CHP) projects in Spain has become uneconomic following the decision of the Spanish government to abandon the cogeneration tariff, Peter Ward, sales manager at Centrax Gas Turbines told Gas-to-Power Journal.