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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

BP and India’s Tata to Buy 2,184 MW Enron Plant

LCG, July 17, 2003BP Global Investments and Tata Power Company may form a joint venture to purchase the Dabhol Power Company in Indias Maharashtra province.

The 2,148 megawatt Dabhol Power Plant has been idle and mired in controversy for two years. U.S.-based Enron insists that the Maharashtra State Electricity Board fell behind in $240 million worth of payments and that the Indian government failed to honor a counter-guarantee. The plant was subsequently shut down in May 2001.

The 740-megawatt, naptha-fired phase of the plant came on line in May 1999. The 1,444-megawatt, liquefied natural gas-fired second phase was scheduled to begin operations in 2001 but was never quite completed.

Enron currently owns a 65 percent stake in the $3 billion company, and Tata Power and BP Global are looking to purchase a 26 percent stake each from Enron.

General Electric (GE), Bechtel, and the Gas Authority of India, Ltd. (GAIL) each own a 10 percent stake. According to Tata Powers vice president for Strategy and Business Development Mohan Guranath, his company has discussed including GAIL, Bechtel, and GE in the joint venture. As yet, only GAIL has expressed interest.

BP Global and Tata Power are likely to present a rehabilitation plan to Dabhols largest creditor, the Industrial Development Bank of India.
According to Indian Express Newspapers, in April Tata Power and BP Global unsuccessfully offered to buy up 85 percent of the company.

Tata Power is a subsidiary of Mumbai-based Tata Power Limited, itself part of the enormous Tata family of companies.

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