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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

Kuwait Plans $2.2 Billion in Power Development

LCG, Oct. 1, 2001--The Kuwait Ministry of Electricity & Water has formally appointed U.S. firm Parsons Brinckerhoff International as consultant for three new power stations, to be built at an estimated cost of $2.2 billion.

The three projects, approved last month by the Kuwait cabinet, include the 2,500 megawatt Al-Zour North project which will cost an estimated $1.8 billion. The two other projects are a 600 megawatt plant at Shuaiba and a 400 megawatt facility at Subiya. The cost of those two is expected to be about $420 million.

The big Al-Zour North project is expected to begin commercial operations in the second half of 2006, while the two smaller plants are penciled in for mid-2003.

According to the Middle East Economic Digest, the next stage in the projects will be the preparation of tender documents for engineering, procurement and construction contracts. For Al-Zour North, the government has looked at a build-operate model, the publication said.

The new plants will be fueled by natural gas, provided by the proposed Qatar-Kuwait pipeline. Kuwait plans to import between 800 million and 1.4 billion cubic feet of gas per day from Qatar's North field.

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