Daily Energy News
Policy & Regulatory
The European Council is supporting an update of the European legal framework for energy taxation, to reflect the EU's environmental policy objectives for 2030 and ensure a transition to a climate-neutral European Union.
SECI has selected companies for two large solar PV tenders in India with a total offered capacity of 2,700 MW. In the tender for 1,500 MW grid-connected solar PV power projects under CPSU scheme, Phase-II (Tranche-II), SECI has awarded 1,104 MW: 923 MW to NTPC, 100 MW to Indore Municipal Corporation. It has also awarded 900 MW out of 1,200 MW in the ISTS-connected solar PV power projects tender (ISTS-VI): ReNew Solar Power, Avaada Energy and Masaya Solar ENergy were each awarded 300 MW at a tariff of INR 2.71/kWh (US$3.8c/kWh).
China plans to create a national oil and gas pipeline company, which would bring together the long-distance pipelines owned by the country’s state-owned energy companies. The reform aims at separating transmission and sales activities to create an oil and gas market with effective transport through a unified pipeline network. The objective of the government is to provide a fair market access to infrastructure and to boost investment in oil and gas production.
Polish oil refiner and retailer PKN Orlen (27.5% owned by the State of Poland) aims at taking over the Polish power group Energa to strengthen its positions in the electricity market and to close the PLN2.9bn (€677m) acquisition by mid-2020. PKN Orlen will offer PLN 7 (€1.63) per share, valuing Energa at PLN 2.9bn (€676m).
Energy & Climate Markets
The government of Ghana has officially commissioned the 450 MW gas-fired Powership Osman Khan, supplied by Turkish company Karpowership, anchored in Sekondi (western Ghana). The floating power plant, which was previously stationed in Tema (eastern Ghana) since 2015, was consuming heavy fuel oil (HFO). The barge is now mainly supplied with natural gas from the Sankofa gas (Offshore Cape Three Points project).
Infrastructure & Investments
Pakistan has obtained a US$300m policy-based loan from the Asian Development Bank (ADB) to support an energy reform program that intends to improve inadequate tariff and subsidy systems, strengthen energy accounting, and reduce generation costs.
The Department of Energy and Environmental Protection (DEEP) of Connecticut (United States) has selected Vineyard Wind's proposed 804 MW Park City offshore wind project in response to their 2019 solicitation for offshore wind project. Vineyard Wind will now enter into contract negotiations with the two state’s power utilities, The United Illuminating Company and Eversource Energy, to sign 20-year power purchase agreements (PPAs).