Growth for global carbon market
According to figures released by Point Carbon, the international carbon market will see over 4.2bn tonnes of carbon dioxide equivalent (CO2e) traded in 2007, which is worth around € 23.6bn ($34.1bn).
In 2006, 1.6bn tonnes of CO2e were traded with a value of €€22.5bn. The European Union (EU) emissions trading scheme (ETS) accounted for 62 per cent of the volume and more than 80 per cent of the value in 2006, which equates to 1bn tonnes of CO2e worth €1.8bn. Continued growth is forecast in the EU ETS and is estimated to be worth €18.5bn in 2007.
The figures also indicate that the world’s developing countries will continue to deliver reductions, but is likely to show a slow down for the first time.
The Clean Development mechanism (CDM) saw transactions of 523m tonnes of CO2e in 2006, with a secondary market adding 40m tonnes to produce a combined value of €3.9bn. However, the primary CDM market is expected to shrink in 2007.
The Joint Implementation (JI), the other project-based mechanism, reached 21m tonnes in 2006, with a value of €95m, which is less than in the previous year.
Libya and USA in nuclear link-up
Libya is expected to receive assistance from the USA to build its first nuclear power plant as part of a soon-to-be-signed agreement between the two countries.
The General People’s Committee, Libya’s parliamentary body, has given its approval for the foreign ministry to sign a deal with the USA for cooperation in the peaceful use of nuclear energy. The agreement would include the building a nuclear power station.
There has been no confirmation of the deal from Washington, but many see the agreement as part of the continuing improvement in relations between the two nations.
Oman throws the door open for IWPP bids
The Oman Power and Water Procurement Company has invited tender bids from multinational firms for the construction of a large independent water and power plant (IWPP) at Salalah in the Dhofar region of the country.
The gas fired power plant will have a capacity of 400 MW of power and produce 57m litres of water a day. The project, which is on a build-own-operate basis, will have a generation capacity of 250 MW in the first phase, which is expected to become operational in 2009. The generation capacity will then be raised to 400 MW by 2013.
The approved site for the development of the Salalah IWPP is relatively remote, so the construction of new interconnection structures, such as overhead lines, a main gas supply and a potable water main, will be required. Dhofar Power Company, the current independent power producer in Salalah, will carry out the extension of the Salalah power system to enable the integration of the IWPP.
Potential bidders are expected to submit their proposals soon, with the selection of the preferred bidder and award of the contract expected in the fourth quarter of this year.
Power upgrade for Belarus
Belarus plans to invest close to $1.3bn in 2007 in a programme to upgrade its energy generating system, to introduce energy saving measures and to increase the utilization of local fuels.
According to ministerial sources, over $470m will be used to modernize the country’s power generating facilities, and more than $790m will fund energy conservation measures.
Under the programme, the main Lukomlskaya and Berezov-skaya power plants will be reconstructed. Other projects include modernizing the Minsk’s TETS-3, the Grodno TETS-2 and the Vitebsk thermal power plants. and the construction of a 25 MW gas turbine and a waste heat recovery boiler at the Lida thermal plant.
Mozambique explores hydropower potential
Electricidade de Mozambique, Mozambique’s national power company, has awarded Black & Veatch a contract to study the feasibility of using the lower Lurio River, in the northern part of the country as a potential hydropower source.
Black & Veatch has begun work on the project, and is currently evaluating three schemes to optimize the use of the river for power generation.
The study is funded by the United States Trade and Development Agency (USTDA) to support the development of power sources to ensure the continued economic growth of Mozambique. Currently, only five to ten per cent of the country’s rural population has access to electricity.
The Lurio River covers an area of 60 800 km2 and has a mean annual flow of 227 m2/s.
The three schemes under considerations include the construction of a 7-km long dam to regulate the flow of the river to produce 65 MW. The programme also includes an evaluation of two 120 MW power plants downstream of the dam – one located at a natural waterfall and the other 25 km from the river mouth at the Indian Ocean.
Egypt:The New & Renewable Energy Authority (NREA) is preparing to award the contract for the joint EPC and O&M contract for the 30 MW solar phase of its 150 MW Kureimat hybrid power plant.
Egypt:Three companies have been prequalified to carry out mechanical works on the 650 MW El-Tebbine power plant. They are the Czech Republic’s Skoda, Techint of Italy and Spain’s Enertec Energia. The release of final tender documents is expected by May.
Jordan: The Energy & Mineral Resources Ministry is to issue an international tender for a wind power plant by the end of next month. The tender is one of several wind-power projects aimed at increasing the kingdom’s installed capacity by 200 MW.
Romania: Calin Popescu Tariceanu, Romania’s prime minister has called for the building of two new nuclear reactors to be speeded up. The new reactors in Cernavoda are due to be operational in 2012 and 2013 at a cost of $2.6bn.
Russia: Italian utility Enel and Rosatom, the Russian nuclear energy agency have signed a memorandum of intent to develop the electricity sector and nuclear energy generation in Russia and in Central and Eastern Europe.
Russia: Lukoil is planning to build a 72 MW gas turbine power plant to supply power to its Vatyeganskoye oil field in West Siberia. The plant, which will have six gas turbine power units, is scheduled to begin operation in December 2007.
Russia: The modernization of the Yaroslavskaya CHPP-2 has been completed, and a new cogeneration turbine has been installed at the power plant. The installed capacity of CHPP-2 has now increased from 210 MW to 325 MW.
Slovakia: The International Energy Agency (IEA) has approved the accessions request by the Slovak government. The Slovak Republic becomes the 27th member country.
South Africa: IPSA Group has acquired four high-efficiency gas turbines, with a total generating capacity of 500 MW. The four Fiat Avio turbines will be installed as part of the first phase of the Coega Fast track Project close to Port Elizabeth.
Turkey: Vestas has received a 90 MW order for 30 units of its 90-3.0 MW turbine for the Samli project in Turkey. The order comprises supply and installation, as well as a two-year service and maintenance contract.
UAE: According to Saeed Mohammad Al Tayer, managing director and CEO of DEWA, Dubai will spend Dh 50bn ($13.6bn) to boost its power generating capacity to 9.5GW and expand its transmission and distribution infrastructure by 2010.