SOURCE: Industrial Info Resources

Industrial Info Resources

August 16, 2011 06:15 ET

North American Combined-Cycle Projects Continue Strong Growth, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 16, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Demand for combustion turbine-generators is increasing, according to manufacturers such as General Electric Company (NYSE:GE) (Fairfield, Connecticut) and Siemens AG (Munich, Germany), which produce the heavy duty industrial equipment for power generation. In the U.S., natural gas prices are currently at $4.50 per million Btu (MMBtu) and expected to remain below $10 per MMBtu for the foreseeable future. With current and forthcoming environmental regulations targeting coal-fired generation, the Power Industry is beginning a long-term trend toward natural gas-fired combined-cycle and simple-cycle combustion turbine generation.

Industrial Info Resources is currently tracking $15 billion in combined cycle power plant capital projects that are scheduled to begin construction in the fourth quarter of 2011 through the end of 2013.

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