As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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Monday, 16 September 2013

New gas-fired power units registered, will start up soon

Latest capacity additions raise possibility of lower electricity prices

Keppel Merlimau Cogen's latest unit is its second new 420MW CCGT (following the one that it started up in September last year) - PHOTO: KEPPEL CORP

MORE new gas-fired power units of over 400 MW each will be starting up in the coming months, including those by Singapore's newest genco PacificLight Power, Tuas Power and Keppel Merlimau Cogen - bringing Singapore's total gas-fired generating capacity to more than 9,000 MW.

Such gas-fired combined cycle gas turbines (CCGTs) - as opposed to older steam turbine units - have become the dominant source of power generation here, accounting for 86 per cent of total generating capacity.

The latest capacity additions will take total generating capacity to levels way above peak electricity demand here of around 6,600 MW, raising the possibility of lower electricity prices here.

Reporting the new additions, wholesale electricity market operator Energy Market Company (EMC) said that the three gencos had recently registered their new CCGTs with the National Electricity Market of Singapore (NEMS).

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