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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

Bidding Process for Enron's Plant in India Takes Form

LCG, Jan. 21, 2002--Companies interested in bidding on Enron's $2.9 billion Dabhol power project in India's state of Maharashtra are said to have until March 14th to submit offers.

The plant is jointly owned by Enron, which retains 65 percent; General Electric and Bechtel each have 10 percent, and Maharashtra State Electricity Board holds 15 percent. The bidders include three foreign companies and three Indian companies, the foreign companies being Royal Dutch/Shell, European oil major TotalFinaElf, and the French government-owned Gaz de France. All will have access to a data room in London containing operating information and contractual agreements relating to the installation by early February.

The bidding process is being overseen by the Industrial Development Bank of India and the Overseas Private Investment Corporation, a US agency that insures ventures by U.S. firms in "risky" regions. A pre-bid conference is expected to take place in late February to give background information that could affect the value of the plant.

The first phase of the project, with a capacity of 740 megawatts, was to have been followed by a 1,444-megawatt second phase, but delinquency in payments for power by the state electricity board was followed by a halt to further construction.
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