BG Group reduces power target

22 October 2004 - BG Group have reduced their 2006 power target as discussions with the Tunisian government have so far failed to reach a conclusion.

BG Group and the Tunisian government entered into a Memorandum of Understanding (MOU) for the development of the Barca 500 MW CCGT power plant 17 months ago.

As a result of the still ongoing talks, BG Group is reducing its 2006 power target to 2.8 GW from 3.3 GW. The 500 MW reduction will not have a material impact on earnings or cash flow and all other 2006 targets remain unchanged, said a statement from BG Group.

BG Group remains optimistic of the Barca power projects economic viability and the company are continuing to work with the Tunisian government to develop the Barca proposal.

Sponsored by FLSmidth

Related Articles

NRC: DOE’s Yucca Mountain R&D meet NRC requirements

The staff of the U.S. Nuclear Regulatory Commission (NRC) published Volume 4 of its safety evaluation report on a proposed underground used nuclear fuel repository in Nevada.

Video: Duke Energy acquires Halifax Solar Project in North Carolina

Duke Energy Renewables (NYSE: DUK) has acquired a 20-MW solar project in Roanoke Rapids, North Carolina, from Geenex and ET Solar Energy Corp.

Follow Power Engineering on Twitter

Latest News

[Image Gallery]

 Basin Electric wants to expand Williston-area power station

Basin Electric wants to expand Williston-area power station

Basin Electric Power Cooperative wants to expand the capacity of its 135-megawatt Pioneer Gen...
 Vermont House endorses renewable energy package

Vermont House endorses renewable energy package

The Vermont House has advanced a wide-ranging bill that pushes utilities beyond electricity t...
 W.Va. lawmakers clears bill touted by state's coal industry

W.Va. lawmakers clears bill touted by state's coal industry

West Virginia lawmakers have approved a proposal lauded by the struggling coal industry and c...
 Google invests $300Mn in SolarCity

Google invests $300Mn in SolarCity

Google Inc. is investing $300 million equity stake in a fund created by SolarCity Corp. to fi...
Solana

Power Engineering Photo of the Day

 France’s nuclear power plant shuts down due to pipe leak

France’s nuclear power plant shuts down due to pipe leak

Unit 1 at the Fessenheim nuclear power plant in France shut down Feb. 28 following the discov...
 Indian Point nuclear Unit 3 down for $50mn refueling outage

Indian Point nuclear Unit 3 down for $50mn refueling outage

Entergy (NYSE: ETR)’s Indian Point nuclear power plant Unit 3 in New York shut down for a pla...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Categories

Buyers Guide Product Listings

Sargent & Lundy Construction Management Services

Providing complete construction management and ...

Mechanical Services

Expert mechanical services range from boiler ma...

Power Industry Wire News

SLI Global Solutions Joins the GLI Group of Companies

SLI Global Solutions Joins the GLI Group of Companies

FLIR Systems Announces Resignation of Chief Financial Officer and Promotion of Shane Harrison to Senior Vice President, Corporate Development and Strategy

FLIR Systems Announces Resignation of Chief Financial Officer and Promotion of Shane Ha...

American Eagle Energy Announces Operations and Reserves Update and Guidance

American Eagle Energy Announces Operations and Reserves Update and Guidance

Parsons Acquires T.J. Cross Engineers, Inc.

Parsons Acquires T.J. Cross Engineers, Inc.

Energy Experts Discuss 2015: Synergy Resources, Earthstone Energy, Fortis Energy Services, Samson Oil & Gas, Wunderlich Securities -- Exclusive Video Interviews With EnerCom's Oil & Gas 360(R)

Energy Experts Discuss 2015: Synergy Resources, Earthstone Energy, Fortis Energy Servic...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>