IGCC goes overseas
June 9th, 2008
IGCC – coal gasification — it’s getting around…
There are some interesting posts on the majari blog from “the #1 portal for Indonesian engineering students.”
I imagine there will be more. These are well done, getting some of the major points, but overly optimistic about IGCC. Given that IGCC is tanking in the US, I’m sensing a promotional effort by those in the US invested in IGCC to ship this pipedream technology overseas. Why? Because we know how they’ve been trying to infiltrate those IGCC tentacles all over the US — lots of advertising and promotion with zilch about the problems, zilch about the emissions, zilch about water usage and contamination, zilch about high and now skyrocketing costs. And note this advertiser on the site, it’s the “Clean Coal, America’s Power” routine, with their classic image:
And there are others too. The financing in the US was a creative scheme, putting together federal and state doles, cutting equity required of utilities/developers, and shifting the risks and burdens to the ratepayers.
So what I’m seeing is an unworkable technology chasing/making development opportunities overseas, where word may not have gotten out about the problems with IGCC. And what an opportunity for World Bank! And then there’s the Mesaba Project and Excelsior Energy’s Julie Jorgensen’s experience in World Bank:
A couple specific examples she provides:
- Founded a Latin American infrastructure development fund in partnership with the International Finance Corp., a World Bank affiliate, and another independent power producer.
- Advised foreign governments on energy policy in conjunction with World Bank and U.S.A.I.D. initiatives. Participated as expert panelist in Baltic States energy policy conference sponsored by the U.S. Energy Association in Riga, Latvia.
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