Air Filtration Insights No

Real gross domestic product (GDP), the total output of goods and services in the U.S., increased at an annual rate of 2.4% in the first quarter of 2013, the Bureau of Economic Analysis announced.

This is the first revision for Q1 GDP and a slight decrease from original estimates of an annual growth rate 2.5%.

“With the second estimate for the first quarter, increases in private inventory investment, in exports, and in imports were less than previously estimated, but the general picture of overall economic activity is not greatly changed,” the report reads.

“The increase in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures (PCE), private inventory investment, residential fixed investment, nonresidential fixed investment, and exports that were partly offset by negative contributions from federal government spending and state and local government spending,” the report adds.

Imports, a subtraction in the calculation of GDP, also increased according to the report.

The increase in Q1 GDP – unlike Q4’s paltry 0.4 – was driven by accelerations in private inventory investment, PCE, decreases in fed spending, and an upturn in exports that were “partly offset by an upturn in imports” and a “deceleration in nonresidential fixed investment.”

Real personal consumption expenditures increased 3.4% in the first quarter, compared with an increase of 1.8% in the fourth, the report notes…………Remaining text not included in this sample.

Canada

“Just as the financial crisis triggered an atypical recession, the recovery cycle is unusual,” Mr. Poloz said in prepared remarks for the House of Commons Finance Committee. “We need to see the reconstruction of Canada’s economic potential, and a return to self-sustaining, self-generating growth.”

Mr. Poloz’s remarks were broad, offering little insight on whether he will push for a shift in the central bank’s current policy stance. He called the central bank’s inflation target “sacrosanct” and echoed long-standing central bank doctrine the exchange rates should be determined by market forces.

There is a view among some market participants that Mr. Poloz could take a different view on the dollar than his predecessor, Mark Carney, whose tenure at the Bank of Canada ended on the weekend. Mr. Poloz, who was leading Canada’s export finance agency when he was selected to lead the central bank, has boasted of visiting some 70 executives in 2012. That closeness to exporters has caused some to wonder if the new central bank governor might have more sympathy for their concerns about a stronger currency.

If that’s true, it wasn’t evident. Mr. Poloz said the exchange rate has little impact on the sales because those are determined by contracts between buyer and seller. If the exchange rate changes in the meantime, “the only thing that changes is the amount of money the company gets,” in other words, profit margins, Mr. Poloz said.

The committee hearing offered the first opportunity for financial markets to assess Mr. Poloz, a surprise choice over Tiff Macklem, the No. 2 at the Bank of Canada who had built a sterling reputation as one of Canada’s most effective performers during the financial crisis. When Finance Minister Jim Flaherty introduced the new governor of the Bank of Canada last month, he offered no detailed explanation of why he had determined that Mr. Poloz was best suited for the job.

Questions from Conservative members of Parliament offered a clue. Brian Jean from Alberta and Cathy McLeod from British Columbia remarked on Mr. Poloz’s experience at Export Development Canada, which he joined in 1999 as chief economist, rising to chief executive in 2011. “I can’t think of anyone better suited for the job,” said Mr. Jean. “You’re quite a success story.”……. Remaining text not included in this sample

Latin America

Mexico’s economy will grow 2.96% this year, according to the median estimate in the central bank’s monthly survey published today, compared with the 3.35% estimated in the previous poll. Brazil economists cut their growth forecast for a third week to 2.77 percent, according to the central bank’s weekly survey of about 100 analysts.

Growth in the two economies that make up almost two thirds of Latin America’s gross domestic product slowed in the first quarter as exports weakened and domestic demand remained sluggish. Mexico’s central bank will probably cut interest rates for a second time this year, while Brazil is raising rates as inflation accelerates, said Marcelo Salomon, the co-head of Latin America economics at Barclays Plc.

ASIA

Australia

Australia's economic growth was sluggish in the March quarter, and that pace is likely to continue as the peak in mining investment looms.

Gross domestic product (GDP) grew by 0.6% in the first three months of the year, the Australian Bureau of Statistics said, below the market forecast of 0.8%.

The annual pace of growth was 2.5%, the first time it was below 3% since the last quarter of 2011.

There is evidence from the data that Australia's mining boom is moving into a new phase.

In recent years, a lot of mining and resource projects have been under construction, which was the main driver of economic growth.

That boom is expected to peak sometime in the next 12 months, but those new projects will start production and there will be a lift in exports.

It is also hoped there will be a lift in other sectors of the economy like home construction and retail spending, helped by the falling Australian dollar and lower interest rates.

JP Morgan chief economist Stephen Walters said the contribution from mining investment in the March quarter was fading with output in the mining state of Western Australia diving..…………… Remaining text not included in this sample

India

Global brokerage Morgan Stanley said the Indian economy has come out of the trough and will grow at 6% in the current fiscal.

Sounding bullish on the stock markets, it pegged the Sensex target at 23,000 by December.

"We are confident that the economy has come out of the furrow, though the recovery will be gradual beginning the second half, and will close the fiscal at 6%," Morgan Stanley Asia Pacific economist Chetan Ahya said.

He has based his optimism on the recovery in exports which have been rising since January, apart from the election-related spends that will help drive consumption. He also pointed to the positive vibes since September last, which could help revive investments…………... Remaining text not included in this sample

New power plant projects are tracked continuously and revised start-up summaries are published monthly. Here are plants starting up in 2015.

Fuel	Total Size (MW)
Biomass	85
Coal	600
Coal Gas	200
Gas	14587
Nuclear	1200
Petroleum Coke	400

Fuel	Project Name	Size (MW)
Biomass	Heard County biomass power plant-Rollcast Energy, GA	50
Biomass	Klamath Falls II-Klamath Generation, OR	35
Coal	Trailblazer Energy Center-Tenaska, TX	600
Coal Gas	Summit Power IGCC power project with carbon capture, TX	200
Gas	Astoria combined cycle power plant-NRG, NY	1040
Gas	Cane Run combined cycle-Kentucky Utlities, Louisville Gas & Electric, KY	660
Gas	Charles County power plant-Competitive Power Ventures, MD	661
Gas	Charles D. Lamb power plant-Oklahoma Municipal Power Authority, OK	103
Gas	Cherokee 4 conversion to natural gas-Xcel, CO	569
Gas	CPV Valley combined cycle Energy Center, NY	650
Gas	Eklutna power project-Matanuska Electric Assoc., AK	180
Gas	Garrison combined cycle-Calpine, DE	309
Gas	Glenarm power plant-Pasadena Water & Power, CA	71
Gas	Good Spring combined cycle power plant-EmberClear, PA	300
Gas	Grant County PUD gas turbine power plant, WA	295
Gas	Heskett expansion-Montana-Dakota Utilities Co., ND	88
Gas	Liberty combined cycle-Moxie Energy, PA	825
Gas	Midland combined cycle power plant-MCV, MI	640
Gas	Ninemile Point 6 combined cycle plant-Entergy Louisiana, LA	550
Gas	Old Bridge Clean Energy Center (combined cycle)-NRG (NJ Power Development), NJ	660
Gas	Patriot power plant-Moxie Energy, PA	800
Gas	Port Westward 2 peaking power plant-Portland General Electric, OR	220
Gas	Sawtooth combined cycle-SW Public Power Resources Group, AZ	480
Gas	Smyth County combined cycle plant-Competitive Power Ventures, VA	762
Gas	Temple combined cycle expansion-Panda Power, TX	758
Gas	Temple combined cycle-Panda Power Funds, TX	650
Gas	Toquop power project-Sithe Global, NV	700
Gas	Troutdale combined cycle and simple cycle power plant, OR	653
Gas	Warren County combined cycle plant-Dominion Power, VA	1300
Gas	Woodbridge power plant-CPV Shore, NJ	663
Nuclear	Watts Bar 2 nuclear power plant-TVA, TN	1200
Petroleum Coke	Lockwood IGCC power plant-Hunton Energy, TX	400

Fuel	Total Size (MW)
Biomass	438
Coal	77625
Coal Gas	1100
Gas	37478
Liquified Natural Gas	3600
Nuclear	14310
Oil	2730

Fuel	Project Name	Size (MW)
Biomass	Ferrybridge multi-fuel power plant-SSE Generation, UK	108
Biomass	Vartaverket CFB combined heat and power plant-Fortum Varme, Sweden	330
Coal	Ain Sokhna supercritical power plant-Egyptian Electricity Holding Co., Egypt	1300
Coal	Aksa Enerji Uretim power plant, Turkey	270
Coal	Amarkantak III and IV-Lanco Infratech, India	1320
Coal	Auraiya district project-Uttar Pradesh Power Corp, India	250
Coal	Balingian power project-Sarawak Energy, Malaysia	600
Coal	Bamitha power plant-NTPC, India	4000
Coal	Barapukuria expansion (III)-CMC, Bangladesh	250
Coal	Bayswater B expansion-Macquarie Generation, Australia	2000
Coal	Benga power plant-Rio Tinto, Mozambique	500
Coal	Bhavanapadu Phase I supercritical power plant-East Coast Power, India	1320
Coal	China Gezhouba power plant, Malawi	1000
Coal	Cochrane power plant-AES Gener, Chile	532
Coal	Cucuta power plant-Termotasajero 2, Colombia	180
Coal	Davao City CFB power plant-Aboitiz Power, Philippines	300
Coal	Duyen Hai 1-EVN, Vietnam	1245
Coal	Duyen Hai 3, Vietnam	1245
Coal	Eastern Petroleum power plant, Indonesia	200
Coal	Empee Group power project in Tamil Nadu, India	1320
Coal	Fatehpur power plant-Lanco Infratech, India	2640
Coal	Gecamines (copper miner) power plant, Congo	500
Coal	Ghatampur-Nevyeli Lignite Corp/Uttar Pradesh Rajya Vidyut Utpadan Nigam, India	1980
Coal	Ghazipur district power plant-Welspun Energy, India	1320
Coal	Gulbarga district power project-Power Co. of Karnataka, India	1320
Coal	Hongsa-Ratchaburi Electricity Gen. Holding, Bunpu Power, Laos	1878
Coal	India Power Co. power plant, India	1320
Coal	Karchana supercritical power plant-Jaiprakash Associates, India	1980
Coal	Katwa power project-West Bengal Power Development Corp., India	1600
Coal	Khargone power plant-NTPC, India	1320
Coal	Khulna power plant-Bangladesh Power Dev. Board/Orion, Bangladesh	282
Coal	Koradi 8,9,10 power project-Maharashtra State Power Generation Co./DCPL, India	1980
Coal	Kospo power project in Cebu, Philippines	400
Coal	Kumbakonam power project-GEMAC, India	1320
Coal	Lalitpur-Bajaj Hindustan, India	1980
Coal	Long Phu 1 supercritical power plant-PetroVietnam, Vietnam	1200
Coal	Manjung 4 supercritical expansion-Tenaga Nasional Bhd., Malaysia	1000
Coal	Manora supercritical power project-Maharashtra State Power Gen., India	1320
Coal	Medupi-Eskom Project Alpha baseload supercritical project, South Africa	4800
Coal	Milner supercritical expansion-Maxim Power, Canada	500
Coal	Mindanao plant-San Miguel Energy Corp., Philippines	300
Coal	Mombasa-Kenya Electricity Generating Co. coal-fired power project, Kenya	600
Coal	Mong Duong 1 CFB power plant-Electricity of Vietnam, Vietnam	1080
Coal	Nagbhid (Kanpa) power project-Maharashtra State Power Gen., India	1320
Coal	Narengri power plant-North Eastern Electric Power Corp., India	500
Coal	Navalakhi port power plant-Vandana Power Infratech, India	2400
Coal	Nipa (Iloilo) CFB power plant-AC Energy Holdings/A Brown, Philippines	135
Coal	Phu Quoc Island power plant-Vietnam National Coal & Mineral Industries Group, Vietnam	200
Coal	Plomin 3 power plant, Croatia	500
Coal	Punta Alcalde (Huasco) power project 1-5-Endesa Chile, Chile	758
Coal	Ranchi power plant-Madhucon Projects, India	1320
Coal	Raniganj power project-Himachal Power Corp. & Eastern Mineral and Trading Ag, India	660
Coal	Ras Al Khaimah power plant-Utico Middle East, United Arab Emirates	270
Coal	Salka village power plant-Iffco Chhattisgarh Power Ltd, India	1320
Coal	Samcheok Green Power supercritical power project-Korea Southern Power Co., South Korea	2000
Coal	Sasan supercritical power plant-Reliance Power, India	3960
Coal	Sirkazhi power project-Gemac and SEPCO III, India	1320
Coal	South Sumatra 5-PLN, Indonesia	300
Coal	SRM Energy pit head power plant, India	2000
Coal	Sumsel 5 power plant-PTDian Swastatika Sentosa (DDS) and PT Golden Energy Mi, Indonesia	300
Coal	Talcher Super Thermal Project-National Thermal Power Corp., India	1320
Coal	Talisayan barangay power plant-Conal Holdings, Philippines	100
Coal	Tampakan copper and gold mining power plant-Sagittarius Mines, Philippines	400
Coal	Tancoal mine power plant-TANESCO/Intra Energy Tanzania, Tanzania	200
Coal	Ternate power plant-SMC Global Power Holdings, Philippines	1200
Coal	Thang Long power plant, Vietnam	600
Coal	Total E&P Nigeria power plant, Nigeria	420
Coal	Tufanbeyli power plant-Enerjisa Enerji Uretim/Verbund, Turkey	450
Coal	Van Phong economic zone power plant-Sumitomo/Bach Dang-Hanoi Co., Vietnam	1320
Coal	Vijayanagar super critical power plant-JSW Energy, India	600
Coal	Vindhyachal IV supercritical power plant-NTPC, India	1000
Coal	Zambia power plant-Maamba Collieries, Zambia	300
Coal Gas	Eston Grange IGCC power plant-Progressive Energy, UK	850
Coal Gas	Genesee IGCC power plant-Epcor, Canada	150
Coal Gas	NTPC IGCC Power Plant, India	100
Gas	Al Zour North power and desalination plant, Kuwait	1500
Gas	Anbar combined cycle power plant, Iraq	1500
Gas	Ashuganj combined cycle-Bangladesh Power Dev. Board, Bangladesh	382
Gas	Azito expansion-Globeleq Generation, Ivory Coast	139
Gas	Bibiyana 1,2 combined cycle power plant-Energy Holding International, Bangladesh	682
Gas	Bouchain FlexEfficiency 50 power plant-EdF, France	510
Gas	Braemar 2 power plant-ERM Power, Australia	550
Gas	Cengiz Enerji combined cycle power project in Samsun region, Turkey	600
Gas	CEZ/Mol Nyrt. combined cycle power plant, Hungary	860
Gas	Dadu combined cycle, Pakistan	1000
Gas	Damhead Creek combined cycle expansion-Scottish Power, UK	800
Gas	Delimara combined cycle expansion-Malta Resources Authority, Malta	200
Gas	Dervish combined CCGT, wind, solar power plant-MetCap Energy, Turkey	530
Gas	Dongara (Centauri 1) gas turbine plant-Eneabba Gas, Australia	168
Gas	Duqm IPP power and desalination plant, Oman	1000
Gas	Gateway Energy Centre combined cycle (Intergen), UK	900
Gas	Gdansk power plant-PGE SA, Poland	800
Gas	Greenfield South power plant-Eastern Power, Canada	300
Gas	Imara power plant, Iraq	500
Gas	Incheon combined cycle expansion-Posco Power, South Korea	1252
Gas	Israel Chemicals cogen plant, Israel	250
Gas	Jebel Ali Q (Hassyan)-Dubai Electricity & Water Authority, United Arab Emirates	1500
Gas	Juan Manuel Valdez Guiria power plant-Petroleos de Venezuela, Venezuela	700
Gas	Kpone simple cycle power plant-Volta River Authority, Ghana	220
Gas	Latur supercritical power plant-Mahagenco, India	1320
Gas	Leichhardt power plant--APA Group/AGL Energy, Australia	60
Gas	Navoi combined cycle expansion, Uzbekistan	450
Gas	North Bangkok 2 combined cycle expansion-EGAT, Thailand	850
Gas	Port Talbot (Abernedd) combined cycle-Scottish & Southern Energy, UK	450
Gas	Pragati III combined cycle-Pragati Power Corp, India	1500
Gas	Queen Elizabeth combined cycle addition-SaskPower, Canada	200
Gas	Riyadh (12) expansion-Saudi Electricity Co., Saudi Arabia	1300
Gas	Rojana Industrial Park combined cycle power plant-Gulf JP, Thailand	1600
Gas	Ropar power plant-Punjab State Electricity Board/GAIL, India	1000
Gas	Sagardighi expansion (formerly Katwa), India	1000
Gas	Samra Phase III combined cycle addition-Samra Electric Power, Jordan	143
Gas	Shahjibazar combined cycle power plant, Bangladesh	300
Gas	Shepard-Enmax combined cycle power plant, Canada	800
Gas	Shihjibazar combined cycle, Bangladesh	300
Gas	Sitentu combined cycle power plant-Groot Property Group, Namibia	900
Gas	Stalowa Wola combined cycle-PGNiG/ Tauron cogen plant, Poland	450
Gas	Stargate Point Comfort power plant-Sargas Texas, TX	250
Gas	Suez power plant (boiler)-East Delta Electricity Production Co., Egypt	650
Gas	Sundance 7 combined cycle-TransAlta, Canada	800
Gas	Szeged combined cycle-Advanced Power, Hungary	880
Gas	Tihama expansion-GDF Suez/International Power, Saudi Arabia	532
Gas	Vuelta de Obligado combined cycle, Argentina	800
Gas	Willington Power Plant new cc and peaking units-RWE npower, UK	2400
Gas	Wustermark combined cycle power plant, Germany	1200
Gas	Yangon power plant, Myanmar	500
Liquified Natural Gas	Hsinta 6 combined cycle-TaiPower, Taiwan	720
Liquified Natural Gas	Tunghsiao 1-4 combined cycle-TaiPower, Taiwan	2880
Nuclear	Changjiang nuclear power plant-China National Nuclear Corp., China	1300
Nuclear	Haiyang nuclear power plant-Shandong Nuclear Power, China	2200
Nuclear	Jiyang -China Nuclear Industrial Group/Anhui Wenergy Co., China	4000
Nuclear	Kakrapar 3,4 nuclear power plant-Nuclear Power Corp. of India, India	1400
Nuclear	Ningde 3,4-CGNPC, China	2160
Nuclear	Xianning (Dafan) 3-CGNPC, China	1250
Nuclear	Xuancheng -Datang Group, India	2000
Oil	Fawley peaking addition-RWE Power, UK	300
Oil	Narva oil shale CFB power plants-Eesti Energia, Estonia	600
Oil	O Mon 2 power plant-Can Tho Thermal Power Co., Vietnam	330
Oil	Ras Azzour (Al-Khair) desalination/combined cycle, Saudi Arabia	1500

New power generation projects are tracked in two publications. Fossil and Nuclear Power Generation includes both market forecasts and project data. World Power Generation Projects has just the project data.

For more information, click on: Fossil & Nuclear Power Generation: World Analysis & Forecast

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AMERICAS

Canada

Latin America

ASIA

Australia

India