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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

Abu Dhabi Awards Power Contract to US-UK Venture

LCG, Aug. 15, 2001--CMS Energy Corp. of Dearborn, Mich., said yesterday that its joint venture with International Power Plc of the United Kingdom has won a contract to operate and own 40 percent of a $1.6 billion power and desalination project in the sheikdom of Abu Dhabi.

The project will be 60 percent owned by the Abu Dhabi Water and Electricity Authority with CMS Energy and International Power jointly holding the balance. The joint venture will operate the facility under a 20-year operations and maintenance agreement, CMS said.

The Shuweihat project, which will be Abu Dhabi's largest independent water and power plant, includes a gas-fueled 1,500 megawatt power plant and a water desalination facility with a capacity of 100 million imperial gallons per day. It will be built close to Jebel Dhana, about 150 miles west of the city of Abu Dhabi.

"The success of CMS Energy in this third major energy privatization in United Arab Emirates further demonstrates our commitment to the Middle East and positions CMS for future strategic opportunities in the region," said Joseph P. Tomasik, vice president and managing director of CMS Energy, UK.

International Power chief executive Peter Giller said "With Shuweihat, we look forward to providing the people of Abu Dhabi with a large and reliable new source of affordable power and clean water."

Construction on Shuweihat will begin next spring with commercial operation scheduled for the summer of 2004.

CMS noted that Shuweihat is its second project in Abu Dhabi, following the 710 megawatt, 50 million imperial gallon per day Al Taweelah A2 power and desalination plant.

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