Projects & Finance

Returning to Libya with contracts in the range of 700 million euros, Siemens will expand the installed power generation capacity of state-owned General Electricity Company of Libya (GECOL) by 1.3 GW. The deals will see Siemens build a 650 MW open-cycle power plant in Misrata, and a 690 MW open-cycle power plant in Tripoli West.

The Finish technology group Wärtsilä has been awarded a 7-year operation and maintenance (O&M) agreement to ensure efficiency and reliability of Termo Mechero Morro's power plant near Yopal in Colombia. The latest servicing deals expands on an earlier Wärtsilä construction contract (EPC) for the gas-powered plant, which is set to begin production in December 2017.

Tianjin Pauway Power Equipment Co. has commissioned an emergency power supply system based on ten 20-cylinder MTU Series 4000 engines for a new data centre, operated by the Chinese internet provider Sinnet in Beijing. The brand MTU is part of Rolls-Royce Power Systems.

The Asian Development Bank (ADB) has approved debt financing and partial risk guarantees worth $583 million to help Reliance of India develop a $1billion project in Bangladesh, consisting of an LNG import terminal near Kutubdia Island and adjacent gas power generation.

Russia’s independent energy company Novatek said today’s start of production at Yamal LNG’s first 5.5mtpa liquefaction train opens “a new chapter in our corporate history.” The first LNG tanker will set sail on December 8, Novatek said, stressing it has completed the $25 billion project on time and on budget.

SIMEST has acquired an 11% stake in Ansaldo Energia Switzerland, a wholly-owned subsidiary of the Italian engineering company Ansaldo Energia. Additionally, SIMEST has made an interest contribution against a €60 million ($71.2m) loan granted by UBI Banca, offering financial coverage for Ansaldo Energia Switzerland's capitalisation and investment plans.

Papua New Guinea's first utility-scale gas engine-based power project will go ahead after Wärtsilä and Australian EPC partner Clough just won the turnkey contract to build the 58 MW POM Power Station near Port Moresby. The two developers said they expect to complete the project in late 2018.

Venturing into the Vietnamese energy market, Russia’s independent gas producer Novatek confirmed its subsidiary Novatek Gas and Power Asia has entered a memorandum with Total and Siemens to collaborate on LNG sales and develop infrastructure for new-build gas power plants.

GE Power has been selected by the Jiangsu Etern Company to supply its LMS100 gas turbine for an upcoming 100 (±10) megawatt open-cycle gas power plant in the city of Shahjibazar in Bangladesh.  The Shahjibazar OCGT is being developed by Jiangsu Etern on a turnkey basis on behalf of the Bangladesh Power Development Board (BPDB). The project is expected to be commissioned in the second quarter of 2019.

Helping to enhance Iraq's energy supply, Siemens has signed multi-million euro service contracts with the Ministry of Electricity to carry out maintenance and upgrades at seven units inside four power plants, located in the areas of South Basra, Salah El Deen, Middle Region and Middle Euphrates. Following the upgrades, the plants will collectively generate over 1,000 MW of power – 400 MW more than today, and save up to 10% in fuel consumption.

MAN Diesel & Turbo has won a contract to supply a 12V35/44 gas engine with dual turbocharger for a heat and power cogeneration (CHP) unit in southern Germany. MAN’s new 7.5 MW engine will replace two existing two engines (each with 3 MW output) at a cogeneration plant, operated by the municipality of Schwäbisch Hall.

Siemens, the German engineering conglomerate, has won a contract to convert the Genelba gas-fired power station, operated by Pampa Energía, from single-cycle to combined-cycle mode. Works will be carried out by Siemens together with its Argentine partner Techint, expanding the plant’s capacity from 168 MW to around 364 MW. Commissioning of the upgraded plant is scheduled for mid-2019.

GE and Cefla Plant Solutions have completed the modernization of the ACEA Tor-di-Valle combined heat and power (CHP) four months ahead of schedule. Located in Rome, the plant is driven by two of GE’s Jenbacher J920 FleXtra gas engines and will supply heat to about 40,000 residential customers.

Asia-Pacific project developer Energy World Corp (EWC) has cleared the final hurdle to bring a power plant and LNG hub venture in the Philippines on stream in 2018. The future plant operator just signed a land ownership agreement, securing right of way from the 600 MW at at Pagbilao, Quezon, to the National Grid connection point.

TransAlta has opened its new 150-MW South Hedland combined-cycle power station with Horizon Power as foundation customer. The Canadian energy firm TransAlta has a Power Purchase Agreement (PPA) for 75% of South Hedland's capacity, having developed the under a build, own and operate (BOT) agreement at an estimated cost of $570 million.

Page 1 of 120