Aluminium Bahrain (Alba), one of the world’s largest aluminum producers, has raised financing for a 1,792 MW combined-cycle gas turbine power plant in Bahrain – supported by GE Energy Financial Services. SERV, a Swiss Export Credit Agency (ECA), agreed to back $310.4 million and €314.3 million loans with reinsurance from BpiFrance and Italy’s SACE.
Plans for another FRSU with 17 mtpa regas capacity and an onshore LNG terminal show the government of Bangladesh “is clearly in support to boost its LNG supply,” Wood Mackenzie comments. Already, private capital is being attracted to this sector with Summit Power, Reliance Power and Petronet looking to invest in these terminals.
Finish technology group Wärtsilä has been contracted by two Iranian energy firms, Baran Niroo Beshel and Tamin Niroo Saam, to provide engineering and equipment deliveries for two baseload power plants. The gensets are expected to be delivered during the third quarter of 2017, the manufacturer said, stressing that once operational, the plants will be Iran’s “first decentralised power plants of its kind.”
June 4 – Orascom Construction has secured a $100 million contract to build a power plant with a projected capacity of 650 MW in Walideya, Egypt. The scope of Orascom’s contract includes the full civil works package for the project. The contractor stated that the project’s proximity to an existing power station in Assuit is expected to “facilitate efficient mobilisation on the site.”
Southern Power, part of the US wholesale energy provider Southern Company, has asked Wärtsilä to supply equipment and provide technical as well as commercial support for the development of two 450 MW gas power projects. Owning over 12,600 MW of generating capacity in the United States, Southern Company grows its business through new assets that are substantially covered by long-term contracts.
June 30 – Fisterra Energy, majority-owned by Blackstone, is forging ahead with its Tierra Mojada combined-cycle gas turbine (CCGT) power project in Guadalajara, Mexico, after having reached financial close. The greenfield project was financed with $600 million of construction facilities and letters of credit by six banks. Construction on the 875-MW greenfield project is due to be finalized by the end of 2019.
Once operational, the gas power plant will powered by a GE H-class turbine, and most of its electricity output will be sold under 20-year Power Purchase Agreement (PPA) to Comisión Federal de Electricidad (CEF), Mexico’s national utility.
Duro Felguera, together with consortium partner Romelectro, has awarded an order to GE to supply core technology for Romgaz’s new combined-cycle gas turbine power unit in Lernut, Romania. With a planned installed capacity of 430 MW, the Lernut project will be Southeastern Europe’s largest gas power project in five years. It is also Romania’s largest public investment in conventional power in 20 years, backed by €268 million funding from Romgaz.
PetroVietnam Power Corp (PV Power) is getting ready to start construction works for nine gas-fired power plants with combined output of 5,250 MW. Fuel for the power plants will be sourced in the form of associated gas from the Lo B O Mon and Ca Voi Xanh oil fields, along with some imported gas, according to PV Power general director Nguyen Xuan Hoa.
AIM-listed Tlou Energy has generated first electricity from coal-bed methane (CBM) at its field in Botswana following the installation of a gas generator at near Selemo. “First gas-to-power via CBM in Botswana is an extremely significant milestone [for us] and in effect a proof of concept of ‘first gas monetisation’,” commented Tlou managing director, Tony Gilbert.
The 450-MW Huadian-Teninskaya combined heat and power (CHP) plant in Yaroslavl Oblast, central Russia, will be brought online on June 20, plant operator TGK-2 announced. The 20 billion Ruble ($347 million) project was realised by a joint venture between TGK-2 and China Huadian under a capacity supply agreement (CSA) but start-up was delayed by more than three years; hence the operators face penalties imposed by the regulator.