Bulgaria: A project to export 4 TWh of electricity from Bulgaria to Turkey has begun with the construction of a 400 kV transformer and a 59.5 km power line between the two countries. The new power line, which will transmit electricity from Bulgaria’s Maritso Iztok thermal power plant to Turkey, will cost an estimated 5m lev ($2.2m).
Bulgaria: The Bulgarian Council of Ministers has signed a $1.4bn contract with AES and Entergy for construction of new capacity and rehabilitation of the Maritsa East 1 and 3 thermal power plants in Bulgaria. The National Electric Company will start purchasing electricity from the two plants in 2004 as part of a 15 year agreement.
Kenya: The World Bank has lifted its suspension on the $72m loan for Kenya’s emergency power supply as the Kenyan government has now fulfilled the conditions of the loan. The money will be used to combat the power loss caused by severe drought in Kenya which has affected hydropower generation.
Lebanon: Antoine Rabbat, the government delegate at Electricite du Liban (EDL), has advised against privatizing Lebanon’s energy sector this year, and has also warned of poor revenues for the government if it goes ahead with the privatization plan. The government aims to sell 15 per cent of EDL’s management to a private company before the end of the year in an effort to reduce the $24bn public debt.
Morocco: The Enercorp Consortium, consisting of Enercorp, the Somepi Group and Vestas International Wind Technology, is one of five bidders being considered by Morocco’s national utility, ONE, for a 200 MW to 400 MW private wind power installation project. Morocco enjoys one of the world’s strongest and most consistent wind regimes, and as a result, the new project could become one of the largest of its kind in the world.
Russia: The Russian President, Vladimir Putin, has delayed talks on the UES power utility restructuring concept by two weeks in a effort to include the opinions expressed by all interested parties contained in a report by the Tomsk regional governor Victor Kress. The government had expected to adopt a final concept for the reform on 19 June 2001.
Saudi Arabia: CMS Energy Corp and its joint venture partner A. H. Al Zamil Group has won the contract for the Sadaf cogeneration project in Saudi Arabia. The project will supply 242 MW of power and 510 t/hour of steam product capacity as part of a 20 year energy conservation agreement. Natural gas, which will fuel the project, is being supplied by Sadaf.
Austria: RWE has entered the Austrian energy market through its subsidiary RWE Plus AG. The company has gained a 49 per cent stake in power, heat and gas utility KEH held by the Carinthian state authorities. KEH controls Kelag, the state’s energy utility, which will now become RWE Plus’ electricity sales and marketing company in Austria.
Germany: The German chancellor, Gerhard Schroder, and power company executives have signed an agreement to shut down all of Germany’s 19 nuclear power stations. A nuclear plant in Stade, near Hamburg, will be the first to shut down in 2003. The other 18 plants will be shut down over the next 20 years.
Ireland: ABB has won a $14m (a16.4m) contract to expand and upgrade the power network in and around Dublin, Ireland. The Electricity Supply Board (ESB), Ireland’s national utility, and ABB will begin upgrading the 110 kV network and 20 kV substations around the Dublin area as part of an ongoing infrastructure development plan. The scheme aims to make Ireland a European hub for e-business and other emerging industries.
Spain: The Spanish major energy group Endesa is to sell off five coal fired plants, four hydropower units and its thermal gas-fuelled Algeciras plant as part of a divestment scheme. Endesa will also sell off its 50 per cent stake in the Garona nuclear plant in Burgos and its one per cent stake in the Trillo nuclear plant. The interest will be hived off into a company designated Viesgo.
Spain: The Spanish utility Iberdrola will group all of its renewable energy assets into a new company called ‘All Green’. The new company will have assets of around Pta 18bn ($65.5m, a108.2m) and will be floated on the stock market. Iberdrola plans to invest Pta 500bn in renewable energies in the next five years, and has recently received authorization to set up 11 new wind farms in Spain.
UK: In a deal worth £200m ($282m, €330.3m), International Power has purchased the Rugeley coal-fired power plant from TXU Europe. The purchase of the 1000 MW plant, located near Birmingham in the UK, forms part of International Power’s plan to grow its European regional business.
UK: The UK government has held up British Nuclear Fuel Ltd’s plans to open a fuel recycling facility at Sellafield in the UK. The government wants to hold another round of public consultations before it grants a licence for the plant. The facility would manufacture mixed-oxide (Mox) fuel using plutonium recovered from reprocessed atomic waste.
Australia: Origin Energy Power Ltd. has contracted Alstom to supply four GT10B gas turbines worth 234m ($29m) for a new power plant in Adelaide. All four turbines are intended for open-cycle application at peak load and are scheduled to commence operation in the summer of 2001/02. The plant will use natural gas.
Australia: The summer of 2000/01 has seen periods when the spot market electricity price hit the capped price of A$5000 ($2590) per MWh. Next summer the capped price is to rise to A$10 000 MWh. As a result of the spot price hike a number of power firms including AGL, AES and Edison Mission are rushing to complete their power projects in time for summer.
Japan: Japan’s Ministry of Economy, Trade and Industry has compiled a report calling for a threefold increase in the country’s supply of alternative energy such as wind and solar power in fiscal year 2010 from the 1999 level. To help reach this goal, it recommended that subsidies be extended to include purchasing of low-emission automobiles and solar powered equipment for homes.
Malaysia: EPE Power Corp Bhd, an associate company of Powertron Resources, is investing RM300m ($78.9m) to boost capacity of its Kota Kinabalu plant. EPE’s managing director, Abdul Latif Mahmud, said that Powertron has submitted a proposal to expand the plant’s capacity from 120 MW to 180 MW. The plant is expected to operate at the new capacity by 2003.
New Zealand: Following complaints of rocketing wholesale electricity prices, low hydro storage levels and the bidding behaviour of some generators, the New Zealand electricity market’s independent surveillance committee has decided to launch an investigation. Meanwhile, Standard and Poor has placed Natural Gas, New Zealand’s largest power retailer, and its parent company Australian Gas and Light, on negative watch following a profit warning.
Singapore: IntercontinentalExchange (ICE) which deals in over-the-counter energy and metals products, has announced its expansion into Asian energy markets. The firm has opened an office in Singapore to provide responses to current and prospective ICE participants. Chief executive officer, Jeffrey Sprecher, said that the “entrance into Asia is a significant step forward in our strategic effort to develop ICE’s global presence”.
Taiwan: A sum of T$3.1bn ($64m) has been approved by the country’s legislature as compensation for contractors affected by last October’s three-month suspension in construction of the island’s fourth nuclear power plant. The move is expected to avert the possibility of disputes with contractors which include GE of the US.
Canada: The joint venture between McNamara Construction Company – a division of Carillion Canada Inc., and AMEC Inc., has won a $75m contract to redevelop the High Falls power station in northern Ontario, Canada. The design and build contract from Great Lakes Power Limited will include the construction of a new power plant with a total installed capacity of 45 MW.
Chile: AES Gener is investing $60m to convert the Central Renca thermal electric power generating plant in Chile into a natural gas fired power plant. The conversion will increase the plant’s capacity from 100 MW to 160 MW by 2003. The conversion is part of an investment plan for Chile totalling $100m in electric projects for the next few years.
Mexico: Spanish power utilities Iberdrola and Union Fenosa will invest around $4bn into electricity generating plants in Mexico over the next four years. Iberdrola has an existing capacity of around 2000 MW and has recently been awarded a contract to build two more thermoelectric plants. Union Fenosa aims to increase its capacity in Mexico from 1500 MW to 5000 MW by 2005.
USA: International Power of the UK has announced the closure of the $1.38bn ANP Funding 1, LLC credit facility to finance American National Power’s 400 MW merchant power plant construction programme. American National Power is a wholly-owned subsidiary of International Power. This finance arrangement has supported five generating facilities in Massachusetts and Texas which will give International Power a total installed capacity of 4400 MW in the USA.
USA: The URS Group has begun testing new mercury control technology at Great River Energy’s Coal Creek Station in North Dakota. The Coal Creek Station is one of two sites chosen for the ‘mercury catalytic oxidation’ testing which will determine the effectiveness and life of various catalyst materials. The testing is part of a project by the US Department of Energy to develop innovative technologies that will reduce mercury emissions from coal fired power plants.
USA: Twenty-four companies in the US have agreed to design a pilot greenhouse gas emission trading scheme. If it succeeds, the project – called the Chicago Climate Exchange – will be the first of its kind in the US. The participating companies would be issued with tradable emission allowances, while the companies that emit carbon dioxide would also commit to a schedule to reduce their emissions by five per cent from 1999 levels by 2005.
DTE and Samsung: DTE Energy Technologies and Samsung Techwin have signed a memorandum of understanding (MOU) providing for the formation of Energy/Now Korea. The new company will create “virtual utilities” in Korea for distributed generation solutions and will be responsible for sponsoring demonstration projects using the newest distributed generation technologies.
Dynegy expands: Dynegy, the US gas and electricity supplier, plans to make large acquisitions and mergers in the USA and further afield. The company told analyst that it was looking for ten per cent of the US power market and an ongoing 15 per cent share of the US gas market.
E-volvenet waste exchange: E-volvenet has introduced a new on-line waste exchange to connect waste producers with waste consumers. Businesses will be able to reduce the cost of their waste deposal and profit from the sale of waste at www.wastetraders.com.
Lurgi offering: Lurgi Lentjes Bischoff GmbH will offer its circulating fluidized bed (CFB) scrubber technology to the USA and Canada through two new subsidiaries. The German company will now sell its products in the US through Lurgi Lentjes North America, Inc., and Canada will be supplied by Lurgi Lentjes Bischoff Ltd., Cambridge/Ontario.
MGE promotes Capstone: MGE UPS Systems is to market uninterruptible power systems (UPS) with Capstone Turbine Corp.’s micropower generation systems as a viable option for businesses that have critical power quality and reliability needs. The Capstone MicroTurbine has very low emissions so it can be run continuously without encountering pollution restrictions.
NxtPhase grows: NxtPhase Corporation has announced the completion of $25m private equity financing. The proceeds will be used on product development, advance manufacturing capability, provide working capital, and enable future integration with complementary technologies. NxtPhase is also launching its current and voltage technology and installing it in several North American utilities.
Toshiba collaborates: Several companies from Japan and the USA are working together to develop cheaper and safer next generation nuclear reactors in two separate cross-border collaborations. Toshiba Corp., Hitachi Ltd., and General Electric Co., are working together to develop a 1.7 GW advanced boiling-water reactor by 2015, and Japan’s Mitsubishi Heavy Industries Ltd., and Westinghouse Electric Co., are working on a 1 GW pressurized light water reactor which they hope to develop by 2030.