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Producción y mercados energéticos 24/07/19

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Latest Energy News 24 July 2019
 
TOP STORY:

Siemens will support Nigeria to add 25 GW of power capacity by 2025

The government of Nigeria and Siemens have set a three-stage plan to add 25 GW of power generation capacity to the grid by 2025. The first phase of the plan envisions 7 GW of capacity additions by 2021 and 11 GW by 2023; the remaining 7 GW should be installed between 2023 and 2025. The values agreed upon for the plan were not disclosed. The electricity capacity in Nigeria amounts to 18 GW (over 85% thermal) but only a fraction of it is available for power delivery to final consumers. The power consumption per capita is very low at 144.5 kWh compared to South Africa (4,796 kWh). 

 
Policy & Regulatory

India introduces solar scheme for farmers to add 26 GW of solar
The Ministry of New and Renewable Energy (MNRE) of India has issued guildelines for rolling out the PM-KUSUM scheme, which aims at encouraging farmers to replace diesel water pumps with solar capacities.
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Energy & Climate Markets

CNNC and Rosatom sign fuel contract for Tianwan 7-8 nuclear reactors in China
Chinese state-run nuclear corporation China National Nuclear Corporation (CNNC) has signed a contract with Russia’s Rosatom subsidiary TVEL for the supply of nuclear fuel for the units 7 and 8 of the Tianwan nuclear power plant in the Jiangsu province of China. TVEL will supply fuel for the first core of the reactors and for refuelling. Tianwan 7 and 8 would be VVER-1200 reactors.
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JXTG plans to shut its Osaka refinery (Japan) amid low oil product demand
Japan’s largest oil refiner JXTG Holdings plans to shut down the 115,000 bbl/d refinery jointly owned with PetroChina in Osaka (Japan) in October 2020, citing decreasing demand for oil products in Japan and fiercer competition in Asia. JXTG owns a 51% stake in the joint venture (JV), while PetroChina owns the remaining 49%.
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Forecasts

India expects renewable capacity to increase six-fold in next decade
According to the Central Electricity Authority (CEA) of India, renewable power capacity in India is expected to increase six-fold in the next decade, reducing the share of coal-fired power plants in the power mix from 46% to 32%.
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Infrastructure & Investments

Poland moves ahead with gas pipeline project to Slovakia
The Polish gas transmission system operator (TSO) Gaz-System has selected a consortium of Budimex Mostostal and Mostostal Kraków to build the Polish section (59 km) of the Poland-Slovakia gas interconnection project. The gas pipeline will have a capacity of 5.7 bcm/year to Poland and 4.7 bcm/year to Slovakia.
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British and Danish TSOs select suppliers for 1.4 GW power interconnection project
The British power transmission system operator (TSO) National Grid and its Danish counterpart Energinet.dk have chosen cable and converter station suppliers for their 1,400 MW Viking Link power interconnection project, which will stretch from the Lincolnshire coast (United Kingdom) to Western Denmark.
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IGEDC (Iran) will add 4,000 km of gas pipelines by 2025
The Iranian Gas Engineering and Development Company (IGEDC) plans to develop 4,100 km of new gas pipelines across Iran by 2025, including 800 km by March 2020. The company has outsourced the construction of 2,000 km of pipelines to private developers.
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