659 GW of new capacity by 2006
Article Abstract:
New electric generating capacity worldwide will approach 659 GW between 1997 and 2006, according to information released by the Utility Data Institute. The organization, which also listed an additional 629 GW of power generating plants scheduled to be operational after 2006, said that the new plants will be 29% coal-fueled, 24% liquified natural gas (LNG)and natural gas--fired, 23% hydroelectric, 10% nuclear, 7% oil-fired and the remaining powered by other fuels. Asia will account for 367 GW of the new capacity, Russia and the Commonwealth of Independent States (CIS) will develop 21 GW, the European Union (EU) will generate another 61 GW, the other European countries will contribute 12 GW, Latin America and the Caribbean will be responsible for 64 GW, the Middle East, 44 GW, North America will account for 65 GW and the rest of world will generate another 25 GW.
Comment:
World: New electric generating capacity will approach 659 GW between 1997 and 2006
Publication Name: Power Engineering
Subject: Petroleum, energy and mining industries
ISSN: 0032-5961
Year: 1998
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IPPS up ownership to 186,000 MW
Article Abstract:
A study released by McGraw Hill shows power plant holdings of independent power producers (IPPs) worldwide climbed by 34% to 185,616 MW in 1997. The report noted nearly 50% of the increase was brought by the acquisition of utility plants in the US by IPPs, pending deregulation of the energy industry in that country. Respondents of the study identified US, Brazil, China and India as the top markets for energy products. AES Corp. of Arlington, VA, is ranked No. 1 IPP, with capacity of 16,241 MW, followed by National Power of the UK with 10,562 MW of net capacity, then Energy Group with 6,973 MW.
Comment:
World: Study by McGraw Hill shows power plant holdings of independent power producers climb by 34% to 185,616 MW in 1997
Publication Name: Power Engineering
Subject: Petroleum, energy and mining industries
ISSN: 0032-5961
Year: 1998
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Real electricity prices to fall 25% by 2015
Article Abstract:
Gas Research Institute's study, entitled "Electric Generation Sector Summary," has projected average real electricity rates will decline by over 25% by 2015 as a result of industry deregulation. The study, which analyzes existing market for power generation as well as on the trends and issues that are likely to affect the industry's future, noted improved efficiency and cost reductions will be the greatest factor of the decline. It also noted that electricity rates in the future will no longer be based on cost but on the value of service.
Comment:
Research Institute's study projects average real electricity rates will drop by over 25% by 2015 due to deregulation
Publication Name: Power Engineering
Subject: Petroleum, energy and mining industries
ISSN: 0032-5961
Year: 1998
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