South African Utility to Expand Biogas Facility for Power
Johannesburg Water SOC Ltd. plans to expand power capacity from its biogas plant almost fourfold, to reduce electricity reliance from the state utility. The Northern waste water treatment facility uses sewage sludge to generate 1.2 megawatts of capacity. The cost of electricity that Johannesburg Water will need to run its six waste-treatment facilities will triple to more than 300 million rand annually in the next 10 years from about 95 million a year now, Peter Louw, a project engineer for the utility said. The six plants have the potential to produce 8.5 megawatts of power, he adds.
Total Outperforms BP as Investors React Positively to Spending Cuts
France’s Total SA has gained 14.3 percent this year and has overtaken BP Plc in sovereign market value. The Paris-based company is now the best-performing stock among the world’s five largest non-state owned oil companies. Last month, CEO Christophe de Margerie said that Total can reduce investment while increasing gas and oil production. The announcement impressed investors who are concerned about too much spending on expensive projects and would rather see cash given back to shareholders. Total’s spending is expected to fall starting next year after projects in Norway, Angola and Kazakhstan are completed.
Cape Wind Offshore Plant Anticipates Legal Hurdles Resolved by Year-End
Cape Wind Associates LLC, the developer aiming to build the first U.S. offshore wind farm, expects to resolve by year-end the last lawsuits delaying the project, clearing the way for construction to begin before a key tax credit expires this year. Vice President Dennis Duffy said that only two legal appeals remain after the company won 13 previous challenges. Cape Wind has spent more than a decade pursuing the $2.6 billion project in Nantucket Sound and looks to begin construction by Dec. 31 to earn the 30% federal investment tax credit.
Bike Lane Proposed for Keystone Pathway
Kinder Baumgardner, creative director for the SWA group which is an architectural firm that designed Google Inc.’s corporate campus, sent a letter to the State Department as well as TransCanada Corp. proposing the creation of a bike lane along Keystone’s path through the country’s mid-section as a possible solution to turn what is now a source of discord into a tourist attraction. Keystone opponents reacted cynically to the idea while the State Department, which is reviewing Keystone because it crosses an international border, said it had no comment on the $400 million plan.