New Zealand to spend $4.8bn on 25 renewables projects
Several New Zealand renewable power projects are scheduled to begin construction this year.
Industrial Info is currently tracking 25 New Zealand renewable projects in the planning and engineering phase that are scheduled to begin construction from 2012 onwards.
The projects total more than $4.87bn in investment value and indicate that New Zealand is predominately investing in wind, geothermal and hydro generation projects.
Hydropower currently accounts for about 54 per cent of New Zealand’s generation capacity. However, looking forward, it is wind energy projects that lead in terms of number and project investment value. There are currently 13 wind farms in the planning and engineering phase, totalling more than $3.2bn, that are scheduled to begin construction in 2012-13.
There are eight major hydro projects scheduled to begin construction that total about $1.3bn, and four proposed geothermal energy projects that represent more than $920m in investment value.
The largest renewable energy project in New Zealand’s development pipeline is Genesis Energy’s 600 MW Castle Hill Windfarm.
Indonesia plans trio of mine-mouth power stations at a cost of $2.86bn
Indonesian state electricity utility PT PLN will start operations of a new mine-mouth coal-fired power plant in South Kalimantan later this year.
This will be the country’s third mine-mouth coal fired power plant and is estimated to cost IDR1.3trn ($143m).
PLN intends to build three other mine-mouth plants in Sumatra at an estimated cost of IDR26tn ($2.86bn).
The plants include South Sumatra 9, South Sumatra and Jambi and are aiming to achieve a total capacity of 7300 MW by 2020 in a bid to optimise coal usage.
Two geothermal plants set for Sumatra
Two 220 MW geothermal power plants are to be built on Sumatra Island in Indonesia by GDF Suez and International Power joint venture IPR-GDF.
The two companies, along with project partners PT Supreme Energy and Sumitomo Corporation, today signed 30-year power purchase agreements for the plants with PLN, the state-owned utility of Indonesia.
IPR-GDF Suez Asia is one of Indonesia’s leading power producers, with 1280 MW of operating assets.
BP quits Australian solar deal as financing deadline missed
BP plans to withdraw from a venture seeking Australian government funds to build a solar power generation project in the state of New South Wales.
“We’ve indicated that we wish to leave the consortium and that we won’t be part of the new bid process,” said Jamie Jardine, a Melbourne-based spokesman for BP.
BP, Fotowatio Renewable Ventures and Pacific Hydro Pty, which won A$306.5m ($329m) in Australian funds last year to build the Moree solar farm, missed a December financing deadline. That prompted the government to reopen the competition to other bidders, including AGL Energy.
The solar industry faces oversupply and price pressures after Chinese competitors increased production.
BP and its partners in the proposed A$923 million solar photovoltaic plant had failed to sign power-supply agreements needed to advance with the project.
The government has said the Moree venture will still be eligible to bid for the funds and show it is “still the most meritorious project”.
Japan steelmakers urge nuclear start
An industry body for Japan’s steelmakers, the nation’s biggest electricity users, has urged the early restart of nuclear power plants.
The Japan Iron and Steel Federation fears that potential power cuts and higher electricity charges will further squeeze a sector already reeling from the strong yen.
Big businesses have reacted furiously to plans by Tokyo Electric Power Co, or Tepco, to raise charges, but had refrained from calling for the restart of reactors, wary of an angry response from a public worried about nuclear safety following the Fukushima radiation crisis of year ago.
Alstom wins $1bn Malaysian contract
Alstom has clinched a $1.10bn contract as part of a consortium that will build a coal fired power plant in Tanjung Bin, Malaysia, its second sizable power plant deal in the country in less than a year.
The contract is for a supercritical coal fired plant.
These plants operate at a higher temperature than regular coal plants, which improves their efficiency.
The other consortium members are Malaysian building materials company Mudajaya and construction firm Shin Eversendai.
Australia: AGL Energy is to take full control of Australia’s largest coal plant, buying out Japan’s Tepco and investment funds for A$448m ($480m). AGL already owns a one-third stake in the Loy Yang A power station and an attached coal mine.
Australia: The country’s coal industry has called on the New South Wales state government to establish a clear strategy for power generation that includes developing low emissions technology to provide certainty for industry investment and long-term government planning.
China: US-based Duke Energy and China’s Huaneng Group have signed a three-year research co-operation agreement on advanced coal and carbon capture technologies for Chinese power plants.
China: The government has cancelled funding for an electricity project in Sudan as it has lost collateral for the loan, in the form of oil supply, following the separation of Sudan and South Sudan. Sudan’s total oil resources have decreased 75 per cent after the separation with oil-rich South Sudan.
India: Adani Enterprises has signed five deals to supply a total of 4 million tonnes of imported coal to NTPC, India’s country’s largest power company. Adani will supply NTPC’s 14 power stations across India between this month and June 2012.
India: The government is set to approve a plan to impose a 19 per cent duty on power generation imports to help local manufacturers Bharat Heavy Electricals and Larsen & Toubro compete for orders with Chinese rivals.
Indonesia: Two new units have been commissioned at Tanjung Jati B coal fired power plant in Central Java. Operated by PT PLN, Indonesia’s state-owned utility, the units will provide 1320 MW of capacity.
Korea: Hitachi and its consortium partner Daelim Industrial have received a $745.7 million order to install two energy-efficient coal fired facilities, with a generation capacity of 1.05 million kilowatts each, at a plant run by Korea Western Power.
Malaysia: Conglomerate Sime Darby is considering buying the 1400 MW coal fired Jimah power plant for more than $364m. The plant is held under Jimah Energy Ventures Holdings, whose majority 70 per cent shareholder is Jimah Teknik.
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