Projects & Finance

Wartsila is to supply a 101 MW gas-fired power plant to electricity generator Pampa Energia in Argentina.

E.ON is to build, own and operate a new cogeneration plant in Belgium.

Russia's Gazprom and the Japan Bank for International Cooperation (JBIC) are mulling widening their collaboration on energy projects, which might include the involvement of JBIC in “financing the construction of the third train of the Sakhalin II LNG plant and the Amur gas processing plant” Gazprom said in a statement.

A new 829 MW gas-fired power plant has been commissioned by Siemens and Panda Power Funds in Pennsylvania.

The European Bank for Reconstruction and Development (EBRD), the Agence Française de Développement (AFD) and the European Investment Bank (EIB) are teaming up to provide a Eur35 million loan to support energy efficiency and renewable investments in Morocco.

Enel, through its renewables subsidiary Enel Enel Green Power México (EGPM), has completed and connected to Mexico's power grid two new wind farm projects, the 129 MW Palo Alto installation and the 100 MW Vientos del Altiplano, both located in the state of Zacatecas.

The European Bank for Reconstruction and Development (EBRD) is financing infrastructure investments worth Eur116 million by CEZ Razpredelenie Bulgaria, a private listed utility that provides electricity distribution services to over two million customers in western and north-western Bulgaria.

The European Bank for Reconstruction and Development (EBRD) is providing a loan of $ 70 million to Green Watts Renewable Energy for the construction of an 86 MW wind power plant in the Ma'an governorate of southern Jordan.

US private equity fund Panda Power Funds is financing the coal-to-gas conversion of a power plant in Pennsylvania.

The retired 400 MW Sunbury coal-fired plant is to be replaced by the Panda Hummel 1,124 MW combined-cycle, gas-fired power plant.

The European Bank for Reconstruction and Development (EBRD) is providing $55 million in new funds to Turkish lender Isbank to finance private companies investing in renewable energy and resource efficiency projects in Turkey.

The European Bank for Reconstruction and Development (EBRD) and Kazakhstan’s national gas operator, KazTransGas, have signed a Memorandum of Understanding (MoU) aimed at exploring ways to promote energy efficiency in the gas sector. 

Finnish marine and energy solutions provider Wartsila is to supply a 92 MW gas-fired baseload power plant to industry machinery and power generation provider Sullair Argentina.

A deal to construct the first natural gas pipeline connecting Finland and Estonia has been signed at the presence of the two countries' prime ministers and the president of the EU Commission.

A consortium formed by Italian grid operator Terna and Italian infrastructure fund F2i SGR has submitted a binding offer for the acquisition of a 24% stake in Greek grid operator ADMIE.

Finnish marine and energy solutions provider Wartsila has signed a contract with independent oil and gas company Imetame Energia for the construction of the 28 MW UTE Prosperidade I gas-fired power plant in Brazil.