Iraq’s Ministry of Electricity has signed an implementation agreement with Siemens to kick off the execution of the Iraq Roadmap. Phase-1, valued at 700 million euros ($785m), include EPC for the 500 MW Zubaidiya power plant, the upgrade of 40 turbines and grid infrastructure. The entire four phases of the Roadmap could see contracts awarded for up to $14 billion.
The Canadian utility Capital Power has agreed to acquire Goreway Power Station Holdings, jointly held by JERA and Toyota Tsusho and operator of the 875 MW Gorway Power Station in Ontario. The deal will be financed through RBC Capital Markets and TD Securities by issuing 4.3 million in subscription receipts through a Public Offering. Gross proceeds are expected to total about $130,290,000 million.
Dubai Electricity and Water Authority's (DEWA) extension of its M-Station power and desalination plant in Jebel Ali has increased the plant’s capacity to a current total of 2,885 MW and 140 million imperial gallons of water per day. Siemens handled EPC and equipment delivery. The combined cost for M-Station’s construction and expansion amounts to AED 11.669 billion (US$ 3.177 billion).
The French utility ENGIE has signed a deal to divest its entire coal-fired power generation assets in Germany and the Netherlands to Riverstone Holdings, a global energy-focused investment firm. The sale of the four units, with a combined capacity 2,345 MW, will reduce ENGIE’s net debt by approximately €200 million.
GE Power has completed the installation of Advanced Gas Path (AGP) upgrades on four 9E gas turbines at the West Damietta Power Plant (4x125MW), operated by the East Delta Electricity Production Company. The upgrades help enhance the turbines' fuel efficiency by 2.2% and generate up to 18 MW of additional output at the site.
Power Grid Corporation of India has chosen Siemens to modernize the country's 30-year old high voltage direct current (HVDC) link, the 550 MW Vindhyachal power line. By installing its latest HVDC components and replace the thyristor valves, Siemens will extend the useful life of the interconnector. The upgrade is due to be completed in 2021.
Bangladesh is getting ready to commission its second floating storage and regas unit (FSRU) in an effort to import more LNG for use in the power sector. Moored offshore the port of Cox’s Bazar, the FSRU vessel ‘Summit LNG’ has been chartered from Excelerate Energy in a project involving Summit Power.
State-owned Israel Electric has announced it will pay GE about 1 billion shekels ($280 million) to convert the Orot Rabin power station from coal to natural gas, which includes a 9HA.01 gas turbine retrofit. The same turbine was selected for another unit, and GE expects a contract by the end of 2019.