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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 Wins Bid for $720 Million Qatar Cogen Project

LCG, May 25, 2001--AES Corp. said yesterday it has been awarded a contract by the Persian Gulf sheikdom of Qatar to build the Ras Laffan cogeneration power and water desalination project that will produce 750 megawatts of power and 40 million imperial gallons of water per day.

AES said it will own 55 percent of the project and assume operating responsibility. The remaining 45 percent interest will be held by the Qatar Government-owned Qatar Petroleum and the Qatar Electric and Water Co., along with the Gulf Cooperation Council-owned Gulf Investment Corp.

Output from the plant will be sold to the state-owned electric and water distribution organization, Kahramma, under a long-term agreement. Natural gas to fuel the plant will be provided by Qatar Petroleum, which will also build a facility at Ras Laffan Industrial City for seawater supply.

AES said it will enter into a fixed price, turnkey contract with a consortium of Enel Power and Fisia Italimpianti, both of Italy, to build the power and desalination facility. The company expects the power plant to be fully operational by May 2004, with partial electric deliveries available as early as March 2003.

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