Projects & Finance

Danish EPC-specialist, BWSC, in consortium with MAN Diesel & Turbo, has been contracted to build the ‘Maria Gleta’ power plant near Cotonou, largest city and economic centre of Benin. The 127-MW plant, equipped with seven 51/60DF gensets, is due for delivery during 2018. Maria Gleta is scheduled to commence operation in the first half of 2019.

Statoil’s floating production, storage and offloading (FPSO) vessel located in the Johan Castberg oil field in the Barents Sea will become the first offshore application for a Siemens SGT-750 gas turbine-driven compression train. Equipment delivery is anticipated mid-2019, with first oil planned for 2022.

Japan’s Mitsubishi Hitachi Power Systems (MHPS) has won a full-turnkey engineering, procurement and construction (EPC) contract for two combined-cycle gas power plants in Thailand, each with a capacity of 2,650 MW. The deal includes the supply of eight M701JAC gas turbines and related equipment.

Southern African Power Pool (SAPP) has appointed the British engineering consultant WSP to develop a 330kV interconnector between Zambia and the Congo. Project finance comes from the African Development Bank and the World Bank, with the aim of completing construction within 18 months and get the project finalised in 2019.

Kosmos Energy, co-developer of a West African FLNG project together with BP, confirmed today the signing of an intergovernmental accord between Senegal and Mauritius will speed up the development of the cross-border Tortue gas field and adjacent floating LNG export project. Kosmos now plans to take a final investment decision (FID) around the end of 2018, and aims for first gas in 2021.

Saudi’s ACWA Power, a global power plant developer with an investment value of over $33 billion, has indicated it will soon open tenders for 2018 projects worth $4.5 billion in Saudi Arabia, Morocco and the United Arab Emirates. ACWA Power is also advancing talks with shortlisted banks as it prepares for an initial public offering (IPO).

Fast-track delivery of six Wärtsilä engines for a 100-MW power plant in the Gazipur Industrial Zone helps alleviate regional power shortages in Bangladesh. The order has been placed by China-based Hubei Electric Power Survey & Design Institute.

Hamburg’s largest and most modern high-efficiency combined heat and power (CHP) plant, run by HanseWerk Natur, has been commissioned near the Tivoli GlobalMalt. Powered by GE’s Jenbacher gas engines, the new CHP achieves a total electrical output of 8.4 MW and supplies heat and hot water to 500 residential buildings and businesses.

Dubai Electricity and Water Authority (DEWA) has awarded a $300 million contract for the construction of Phase-4 of the H-Station at Al Aweer to a consortium of Siemens and Elsewedy Power. Expansion of the H-Station to 2,811-megawatts is one of DEWA’s signature projects as it is hoped to help dent the emirate’s rising electricity needs.

Greensmith Energy, a part of Wärtsilä group, has completed two grid-scale energy storage systems in Texas. Called ‘Texas Waves’, the two 9.9-MW short-duration storage facilities are fed by E.ON’s 249-MW Pyron and the 197-MW Inadale wind farms, both near Roscoe, delivering energy on short notice to the Electric Reliability Council of Texas (ERCOT).

Qua Iboe Power Plant, the project vehicle of Nigeria’s latest gas-fired power station, seeks to advance the $1 billion power project in Akwa Ibom State by entering a Public Private Partnership Agreement (PPA) with NNPC, Dangote Group and Black Rhino. The African Development Bank, the International Finance Consortium (IFC) and the Islamic Development Bank will act as project financiers.

Arenko Group, a leading energy storage systems operator, has selected GE to deliver a 41-MW battery – one of the largest in the UK – to supply power on demand to approximately 100,000 homes. The grid-scale energy storage is designed to enhance efficiency of power transmission, balance renewable energy supply and help reduce customers’ energy bills. To be sited at a strategic location in the Midlands, the battery storage will commence operations in 2018.

AGL Energy, one of Australia’s integrated utilities, has chosen Wärtsilä to supply 50DF dual-fuel engines for the Barker Inlet Power Station on Torrens Island near Adelaide. South Australia is a market characterized by high use of wind and solar energy; so the fast-start capability of the new 211-MW Barker Inlet Power Station will allow AGL to swiftly respond to supply fluctuations that are inherent to renewables. 

Some 50,000 houses in South Australia will be equipped with solar panels and Tesla batteries, the state government announced Sunday, in a move to turn decentralized gensets in buildings a giant interconnected Virtual Power Plant (VPP). According to Tesla, the VPP will have 250-MW of solar energy and 650 MWh of battery storage.

Korea Electric Power Corporation (KEPCO) has awarded a $320m contract to GE Power to build a 4GW high-voltage direct current (HVDC) transmission link to power the Seoul metropolitan area which accounts for around 40% of South Korea’s total energy demand. South Korea, home to 51.3 million people, has seen its energy demand grow at a rate of nearly 35% in the last decade alone which makes it a challenge to provide electricity efficiently to densely populated areas.

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