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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

AES First Choice for Oman Private Power Plant

LCG, Nov. 13, 2000--AES Corp. has emerged as the preferred company from four-way bidding to build, own and operate a 400 megawatt private power plant in the Persian Gulf sultanate of Oman, a government official said yesterday.

If talks with AES fail to produce an agreement to build the plant, which is to include a 20 million per day water desalination plant, the government would talk to the second preferred bidder, Britain's International Power, recently created in the breakup of National Power.

Two other offers fell short in the bidding for the $455 million project. They were submitted by Oman's Al Hassan Engineering and a venture between Belgium's Tractebel and TotalFinaElf.

The official said talks with AES had already begun. "We will conclude the negotiations with AES this week and expect to award the contract next month," he said.

Once negotiations for the power-desalination plant are settled, bids will be invited for water and power transmission systems and a dispatch center. These "infrastructure" items are expected to cost between $100 million and $180 million.

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