Cutting CO2 emissions by halve to cost extra $45 trn: IEA report
Cutting greenhouse gas emissions by 50 per cent by the year 2050 would cost an additional $45trn, according to a recent report by the International Energy Agency (IEA).
The Paris-based agency released its Energy Technology Perspectives 2008 report upon request from the Group of Eight nations, and proposed that innovative technology would be required to achieve the goal.
In the report, the IEA said every year 25 gas fired and 35 coal fired power plants would need new carbon dioxide capture and storage technology, which would cost $1.5bn dollars each. The world would also need 17 500 wind turbines and 32 new nuclear power plants every year, while less commercialized technology such as 215m m2 of solar panels and a billion electric or hydrogen fuel cell vehicles should also be introduced.
The report will serve as the basis for discussion at next month’s G8 summit in Hokkaido, northern Japan.
Masdar to tender for CCS scheme
The Abu Dhabi Future Energy Company, also known as Masdar, is reported by MEED, to be close to issuing a tender for the front-end engineering and design (FEED) contract on its multi-billion-dollar carbon capture and storage (CSS) programme.
A shortlist of selected international consultants for the contract is reported to have been drawn up, and an award is expected next month. The FEED part of the contract is anticipated to take approximately ten months, after which tenders will be issued for the four main engineering, procurement and construction (EPC) packages.
Three sites are believed to have been selected under phase one of the programme, which is aimed at capturing carbon dioxide emissions from industrial facilities and transporting them by pipeline to oil fields, where they will be injected into reservoirs to maintain pressure and facilitate crude extraction.
The three sites are an existing independent water and power project at Taweelah, thought to be the A10/A1 facility; the planned Emirates Aluminium (Emal) captive power plant, also at Taweelah; and the Emirates Steel Industries rolling mill at Mussafah, near Abu Dhabi city. The carbon could be captured post-combustion in the existing facilities, and pre-combustion on the Emal scheme.
The EPC packages will cover each site, while a fourth is expected to cover the construction of the CO2 pipeline that will connect the carbon capture schemes with oil fields operated by the Abu Dhabi National Oil Company.
GE Energy wins further contracts in Saudi Arabia worth $500m
GE Energy has signed contracts totaling more than $500m to supply gas turbines and generators for power plant projects owned by Saudi Electricity Company (SEC) of Saudi Arabia.
In the first agreement, GE Energy has received a contract to supply Frame 7EA gas turbines for the 960 MW expansion of the Rabigh power plant in Rabigh City, on the west coast of the Kingdom.
In addition to the gas turbines, GE’s scope of supply also includes Type 7A6 generators and technical advisory services. The EPC contractor for the project is the National Contracting Company Limited of Al-Khobar.
GE Energy also has received a contract for gas turbines that will be used by four power plants owned by SEC including: Frame 7EA gas turbines to the Al-Toukhi Company of Riyadh, the EPC contractor, for a 260 MW power plant in Jizan City; 7EA gas turbines, also to Al-Toukhi, for a 120 MW power plant in Qunfutha City, western Saudi Arabia; and 7EA gas turbines to the National Contracting Company Limited of Al-Khobar, for a 111 MW facility in Aljouf City.
Syria needs in excess of €2bn for proposed power projects
According to Dr Ahmad Khalid al-Ali, Syria’s minister of electricity, the country needs more than €2bn ($3bn) in Arab and foreign loans to finance electricity projects designed to meet its growing demand by 2010.
Speaking to the Al-Thawrah newspaper, Al-Ali said that the most important among these projects were the Dayr Al- Zur station, and the expansion of the Dayr Al-Zur power plant.
Al-Ali added that projects waiting financing also included the expansion of Al-Zarah station by two units, each with a generating capacity of 250 MW, and the Al-Nasiriyah expansion project.
A renewable energy package also includes a project for wind farms with a capacity of 100 to 200 MW.
Turkey to further expand its wind power capacity
Turkey is planning to establish 15 wind farms on its Aegean coastline, said Hasan Koktas, chairman of the Turkish Energy Market Regulation Board.
The project would be worth €460m ($711m), with the wind farms being built on the Peninsula of Cesme. The output of the farms would vary between 10 MW and 55 MW.
Currently Turkey has 13 wind power plants that produce 249 MW, by the end of 2008 this is set to rise to a total 470 MW.
Azerbaijan: In response to the growing demand for its power plant technology, Wartsila has opened a new office and workshop in Baku. The new facility will provide a full range of sales and support services for power customers locally.
Bahrain: Alstom has signed a 15-year992 MW power and water desalination plant. The scope of the contract includes the supply of spare parts, a resident engineer and supervision services for planned and unplanned maintenance.
Jordan: Jordanian and French foreign ministers have signed an accord that will see France helping Jordan create nuclear reactors for electricity production and the desalination of seawater.
Kenya: Construction of the Sangoro hydropower plant, which is estimated to cost Sh3.5bn ($55m), is expected to begin in October. The plant will boost power production by 20 MW at the Sondu Miriu plant, currently being built.
Oman: The Bank of Muscat has been appointed as the financial advisor to the Oman Power and Water Procurement Company’s project to build Barka 3, a new independent water and power project due to begin operation in 2011.
Qatar: Suez of France has signed a strategic partnership agreement with real estate investment companies Qatari Diar and Barwa to create a multi-utility company that will serve the development of new cities in the country.
Russia: Mitsubishi Heavy Industries has won an order from Russian EPC, E4 Group for an M701F gas turbine for a 400 MW GTCC plant of OAO UGK TGK-8, a regional power producer.
UAE: The Ajman Department of Municipality and Planning has announced it is to set up its own power and water projects, which will reduce the delays seen in getting power and water connections to new building and housing projects.
UAE: John Wood Group has been awarded a contract by the Sharjah Electricity & Water Authority to perform control system retrofits on two gas turbines generator sets operated at its Layyah power station.