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Gold/Mining/Energy : Gasification Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (415)	6/22/2006 11:58:43 AM
From: Sam Citron	Respond to of 1740

Immelt sees $5 bln in clean coal orders by 2010 Tue Jun 20, 2006 10:57am ET11 WASHINGTON, June 20 (Reuters) - General Electric Co. (GE.N: Quote, Profile, Research) Chief Executive Jeffrey Immelt on Monday said he expected the company would receive about $5 billion in orders for clean coal power plants by 2010. Speaking to electric utility executives at the Edison Electric Institute's annual convention in Washington, Immelt said GE believes that integrated gasification combined cycle technology is on the verge of being commercially viable. IGCC coal plants turn coal into a cleaner-burning gas, thus reducing emissions. Immelt said he expected about 50 percent of GE's gas turbine orders over the next five to 10 years to be coal-based. "We're investing accordingly," Immelt said. "We think that'll be about $5 billion in orders." Critics of IGCC technology have argued that the plants are currently much more expensive to build than conventional pulverized coal plants. Some also doubt the reliability of the technology, pointing out that the only IGCC plants now in operation are relatively small ones. Proponents of the clean coal technology acknowledge the higher cost of building the plants, but note IGCC facilities would likely need fewer costly upgrades to control emissions. Several utilities, including American Electric Power Co. Inc. (AEP.N: Quote, Profile, Research) and Southern Co. (SO.N: Quote, Profile, Research), have made high-profile investments to build or study building IGCC plants. Immelt urged electric utilities to use the technology and said GE believes it can lower the cost of IGCC to "just a slight premium" to pulverized coal. "We need to help make energy and energy technology a core competency of the country ... and to do that it means driving new coal technology now," he said. "Don't use the excuse that it's not ready. Assume it's ready and let's get it going."

To: Dennis Roth who wrote (415)	8/18/2006 9:38:05 AM
From: Dennis Roth	Read Replies (2) \| Respond to of 1740

GE Energy, Bechtel Sign FEED Agreement for second AEP IGCC plant prdomain.com GE Energy, Bechtel sign front end engineering design agreement for AEP's second 'Cleaner Coal' project GE Energy (NYSE:GE) and Bechtel Power have signed their second agreement with American Electric Power (AEP) to move forward with plans for an integrated gasification combined-cycle (IGCC), or cleaner coal, power plant 17 Aug 2006 , Atlanta : GE Energy (NYSE:GE) and Bechtel Power have signed their second agreement with American Electric Power (AEP) to move forward with plans for an integrated gasification combined-cycle (IGCC), or cleaner coal, power plant. Under the agreement announced today, GE and Bechtel will proceed with the front-end engineering design (FEED) phase for a proposed, 630-megawatt IGCC plant in Mason County, West Virginia. Appalachian Power, an AEP subsidiary, would operate the plant, which would be located next to Appalachian's existing Mountaineer power plant. In September 2005, GE and Bechtel signed a FEED agreement with AEP, one of the nation's largest electricity generators, for a proposed IGCC project in Meigs County, Ohio. If the two projects receive all of the necessary regulatory approvals, they would be among the first IGCC plants to be built in the United States in the past ten years and the first of this scale. The FEED process for the West Virginia project is expected to conclude in mid-December 2006. Procurement and construction could start after certain regulatory milestones are achieved. West Virginia Gov. Joe Manchin cited the proposed Appalachian IGCC project in his 2006 State of the State address, noting: "This is great news for economic development in the state. As one of the first commercial-scale coal gasification projects, this proposed plant will allow us to lead the nation in the development of cleaner coal technology for power generation. Plus, coal gasification offers future opportunities to produce clean liquid fuels and chemical feedstock for other industries." Edward Lowe, general manager of gasification for GE Energy, called the latest announcement with AEP "another major step forward for cleaner coal technology, which continues to build momentum. Today's IGCC technology can play a significant role for power producers expanding and diversifying their energy portfolios for the 21st century." "As one of our potential launch customers for the IGCC Reference Plant, AEP has been an important contributor to the plant design process. This early collaboration with potential launch customers results in increased customer value that cannot be delivered through transactional relationships alone," said Lowe. If awarded the contract for the next phase of the West Virginia project, GE would supply the IGCC technology for the new plant while Bechtel would handle engineering, procurement and construction. GE and Bechtel offer an IGCC Reference Plant--a standard commercial offering for IGCC projects in the United States, via a single point of contact for project developers. GE's IGCC technology converts coal into a cleaner burning fuel, which is used in a gas turbine combined-cycle system (featuring GE's advanced Frame 7FB gas turbine technology) to generate electricity. "Cleaner Coal" IGCC is a product of ecomagination(TM), a GE corporate-wide initiative to address challenges such as the need for cleaner, more efficient sources of energy, reduced emissions and abundant sources of clean water. GE's IGCC technology generates lower sulfur dioxide, nitrogen oxide, mercury and particulate matter emissions than a traditional pulverized coal plant, making the use of coal for power significantly cleaner. The process also uses less water than a traditional plant and can be more economically retrofitted for carbon capture, further strengthening its environmental benefits. About GE Energy GE Energy (www.ge.com/energy) is one of the world's leading suppliers of power generation and energy delivery technologies, with 2005 revenue of $16.5 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified under ecomagination, GE's corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges.