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Producción y mercados energéticos 08/03/19

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08 March 2019

TOP STORY: Enel’s renewable power generation grew by 21% in 2018 (Italy) Italian energy group Enel has published its 2018 operational results. The group generated 250 TWh in 2018 (+0.2% on 2017), of which 151 TWh from thermal and nuclear sources (-10%, due to a 8.7% decrease in coal-fired generation and a 14% drop in gas-fired generation). Renewable power generation surged to 99 TWh (+21%). More specifically, hydropower made the bulk of the renewable power production with 66 TWh (+19%), while wind power accounted for 22 TWh (+24%). Renewables accounted for almost 40% of the group’s total power generation in 2018, an increase of almost 7 percentage points on 2017, while nuclear and thermal capacities accounted for 9.6% and 51%, respectively. Enel’s installed capacity increased by 0.8% in 2018 to 85,620 MW. The capacity addition (+2,682 MW) came exclusively from renewables: Enel added 1..4 GW of wind power during the year (up to 8.2 GW) and 1.2 GW of solar and other renewables (up to 2.4 GW). Renewables – including hydropower (27.8 GW) accounted for 46% of the group’s total power generation capacity. More than half came from nuclear (3.3 GW) and thermal (17.2 GW of CCGT, 15.8 GW of coal and 10 GW of oil and gas). As of 2018, most of Enel’s capacity is located in Italy (27.6 GW, 53 TWh generated in 2018), Spain and Portugal (22.7 GW, 74 TWh), South America (21 GW, 68 TWh), the rest of Europe and North Africa (9.8 GW, 41 TWh), North and Central America (3.8 GW, 12 TWh) and Africa and Asia (695 MW, 1.5 TWh). In 2018, the group’s total retail energy sales amounted 295 TWh (+3.7%), of which 104 TWh in Italy (+1.1%, including 40 TWh on the regulated market and 64 TWh on the free market), 90 TWh in Iberia, and 91 TWh in South America. Its global power customer base reached 64.7 million (+11.5%), of which 25 million in Italy. It distributed 485 TWh (+5.4%) of electricity throughout the year to a total of 72.9 million (+11%) end-users, including 228 TWh (-0.4%) to 31.4 million customers in Italy. Enel sold 11.2 bcm (-4.9%) of gas to 5.7 million customers (+2.5%), including 4.8 bcm to 4.1 million Italian customers.

Companies Xcel Energy confirms plans to cut CO2 emissions by 100% by 2050 (US) US power utility Xcel Energy has confirmed its plans to reduce its carbon emissions by 80% by 2030 and by 100% by 2050 compared with 2005 levels. For this purpose, it will retire and replace its ageing coal-fired power plants with solar and wind power and natural gas as back-up. Its nuclear fleet will help meet its zero-carbon goal. So far,… Read more Policy & Regulatory Indian government scraps auction of coal blocks for open market The Indian government has terminated the proposed auction of coal blocks that would have enabled the winners to sell 25% of their production in the open market. Successful bidders would have been required to pay an additional premium of 15% of their final bid price for coal sold in the open market. Originally scheduled for November 2018,… Read more Energy Markets Oil giant Saudi Aramco confirms IPO expected by 2021 (Saudi Arabia) The Ministry of Energy, Industry and Mineral Resources of Saudi Arabia has confirmed that the planned stock market flotation (initial public offering or IPO) of the state-run oil and gas company Saudi Aramco is expected to take place within two years. The sale of a 5% stake in the group has been delayed several times,… Read more Infrastructure & Investments Finnish government grants operating license to OL-3 nuclear project The Finnish Ministry of Employment and the Economy (TEM) has granted the domestic power utility Teollisuuden Voima Oyj (TVO) an operating license for the 1,650 MWe Olkiluoto-3 (OL3) nuclear power project in Eurajoki (Finland). This announcement comes following the review of the Finnish nuclear regulator STUK, which saw no obstacle to granting this operating license until the end of 2038. Read more 5 Mt/year Ennore LNG terminal starts commercial operations in India The first Qatari LNG cargo has been delivered to the 5 Mt/year (6.75 bcm/year) Ennore LNG terminal, located near Chennai in Tamil Nadu (India). Owned and operated by the state-owned Indian Oil Corporation (IOC), the project was commissioned in late February 2019 and is entering the commercial operations stage. The construction of the Rs 5,150 crore (US$800m) terminal started in August 2015. Read more TechnipFMC starts EPC works on MIDOR refinery expansion (Egypt) Engineering company TechnipFMC has started engineering, procurement, and construction (EPC) works for the expansion of the Middle East oil refinery (MIDOR) complex in Alexandria (Egypt). The EPC contract was signed in November 2018 and covers the debottlenecking of existing units as well as the delivery of new production units, including a crude distillation unit, a vacuum distillation unit,… Read more