GE Gains Vattenfall’s Backing for Massive 12-MW Offshore Wind Turbine

Credit to Author: Sonal Patel| Date: Thu, 23 May 2019 12:46:03 +0000

Swedish utility Vattenfall will take up deployment of the massive 12-MW Haliade-X offshore wind turbine in Europe, marking a major milestone for GE Renewable Energy’s effort to boost sales of the largest turbine currently on the market.  The two companies agreed to cooperate after a year of “intensive exchanges during which Vattenfall conducted an in-depth […]

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EPA Sets Schedules for Long List of Power Plant Regulatory Actions 

Credit to Author: Sonal Patel| Date: Thu, 23 May 2019 12:40:50 +0000

The U.S. Environmental Protection Agency (EPA) will act on a spate of power plant rules over the next year, its newly released agenda of regulatory and deregulatory actions shows. The May 23-released “Spring 2019 Agenda of Regulatory and Deregulatory Actions” lists 35 new actions, along with 57 actions that it considers “deregulatory.” The list includes new […]

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Bangko Sentral trims small banks’ reserve requirement ratio

Credit to Author: The Manila Times| Date: Thu, 23 May 2019 10:07:55 +0000

THE central bank has trimmed small banks’ reserve requirement ratio (RRR) on Thursday, with monetary authorities ordering a total of 300-basis-points (bps) reduction on the liquidity-mopping tool. “This morning, the Monetary…READ

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Local borrowings push debt-to-GDP ratio up 

Credit to Author: The Manila Times| Date: Thu, 23 May 2019 06:26:20 +0000

DOMESTIC borrowings by the national government pushed the country’s debt-to-gross domestic product ratio higher at end-March, the Department of Finance (DoF) reported on Thursday. National government’s debt as a percentage of…READ

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Sempra, Saudi Aramco Have 20-Year Deal for LNG

Credit to Author: Darrell Proctor| Date: Wed, 22 May 2019 19:11:20 +0000

Saudi Arabian Oil Co., better known as Saudi Aramco, on May 22 signed a 20-year agreement to buy liquefied natural gas (LNG) from a Texas export terminal being developed by California-based Sempra Energy. The two companies confirmed the deal is a sale-and-purchase agreement for 5 million tonnes per annum (MTPA) of LNG, which is equal […]

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Xcel Sets Closure of Minnesota Coal Plants

Credit to Author: Darrell Proctor| Date: Wed, 22 May 2019 15:27:19 +0000

Xcel Energy on May 20 announced it would close its two remaining coal plants in Minnesota over the next decade, and the utility said it also wants to operate its Monticello nuclear plant in the state until at least 2040. Xcel, which is headquartered in Minneapolis, Minnesota, and serves electricity and natural gas customers in […]

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GE Is Banking on Africa’s Burgeoning Power Market

Credit to Author: Sonal Patel| Date: Thu, 16 May 2019 13:43:35 +0000

Sub-Saharan Africa’s power generation capacity is projected to surge 4% annually through 2040, and its current energy mix—which is today dominated by hydro and coal—will likely be more diversified as interest rises in renewables such as solar and wind, General Electric (GE) said in a white paper released in May, surveying market opportunities in the […]

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Dispute Flares About Equipment at Abandoned V.C. Summer Nuclear Project

Credit to Author: Sonal Patel| Date: Thu, 16 May 2019 13:24:22 +0000

The fight about who owns equipment at the now-abandoned V.C. Summer 2 and 3 AP1000 reactors in South Carolina intensified on May 14, as key stakeholder Santee Cooper sued lead contractor Westinghouse for certification documentation related to that equipment.  The lawsuit filed with the U.S. District Court for the District of South Carolina, Charleston Division, […]

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Industrial Gas Turbine Demand Grows [PODCAST]

Credit to Author: Aaron Larson| Date: Thu, 16 May 2019 13:05:36 +0000

When it comes to gas turbines, size matters. Although the market for large, heavy-duty gas turbines has been challenging in recent years, demand for industrial gas turbines—generally units with output ranging from about 5 MW to 100 MW—has been growing, according to Reed Lengel, product line manager for SCC-800 solutions with Siemens Energy. “When you […]

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OFW remittances hit 3-month high in March

Credit to Author: The Manila Times| Date: Wed, 15 May 2019 07:03:46 +0000

MONEY sent home by overseas Filipino workers (OFWs) rose to three-month high in March, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday. Personal remittances — comprising OFWs’ net compensation,…READ

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