Even as energy prices rose and nuclear power plant capacity was boosted in the late 1990s and early 2000s, excess inventory and uranium from decommissioned Russian warheads kept prices low.
The Russian-Belarusian nuclear power plant project, estimated to have a capacity of 2.4 gigawatts (GW) and set to be commissioned in 2018, has been a controversial topic given that the project was signed between Belarusian President Aleksandr Lukashenko and Russian Prime Minister Vladimir Putin in the midst of the Japanese nuclear disaster.
Equipment ordered during the third quarter included two concrete batch plants and associated crushing and screening plants, and also the first phase of the power plant, including three gas turbines with a combined capacity of 120 megawatts, Thomas said.
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Generally, the participants at the FERC hearings all expressed a preference for better sharing of information concerning pipeline capacity scheduled for power generation, individual power plant burn rates, fast notification of major operational changes, and coordination of maintenance work to both systems.
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Siemens is expected to supply three SGT 500 turbines with a total capacity of 450 megawatts to supply power to the cement plant.
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Of course, new gas fired power plants will initially be built in regions with less excess capacity (post coal plant retirement).
In Iceland, Carbon Recycling International opened a plant at the end of 2011 drawing waste CO2 from a power station, with capacity to produce five million litres of methanol per year.
The resulting disaster at the Fukushima nuclear plant led to a shut-down of the country's full nuclear power-generation capacity.
Meanwhile, the weaker yen means higher costs for rising imports of natural gas, which is priced in dollar terms, to help compensate for the loss of nuclear power generation capacity after most atomic power plants remain closed after the 2011 disaster at the Fukushima Dai-Ichi nuclear plant in northeastern Japan.
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