Projects & Finance

Private equity firm Hull Street Energy has agreed to acquire the Bayswater and Jamaica Bay gas-fired power stations from a subsidiary of NextEra Energy (NEE) Resources. The two plants, situated in Far Rockaway, New York, provide some 110 MW of flexible, fast-start generating capacity to the region.

Paz Oil, the largest Israeli fuels company, has decided to move ahead with a plant to build a 700 MW gas-fired power plant in the port city of Ashdod. The proposed plant is estimated to cost up to $700 million, partly debt-financed, and is intended to start operating in 2023.

USC Iceberg Central Design Bureau, a Russian shipbuilding company based in St. Petersburg, has launched a tender for a 50-60 MW floating power plant. Potential bidders for the tender are asked to include both construction costs and long-term maintenance costs.

Dubai Electricity and Water Authority (DEWA) has announced it completed 98% of the Jebel Ali M-Station expansion project. The expansion is adding two gas-fired units with a combined 700 MW and will increase M-Stations total capacity to 2,885 MW.

The Austrian manufacturer INNIO has secured an order by Chongqing Energy Investment Group to supply eight Jenbacher J620 gas engines. The units will expand the capacity of Songzao Coal Mine’s on-site power plant, running on coal mine methane (CMM).

Delta Offshore Energy and GE are jointly developing an integrated LNG import terminal and 3,000 MW power plant in Vietnam. The project, situated in Bac Lieu province, is developed on a build, own and operate (BOO) basis and is funded by foreign direct investment.

Power traders have reserved, or firmly booked, over three-quarters of the 1,000 MW day-ahead transmission capacity at Nemo Link, the new interconnector between Belgium and the UK. The £560 million (€639m) project by National Grid and Elia was delivered on time and under budget.

Emirates Water and Electricity Company (EWEC) has invited developers to come forward with expressions of interest (EoIs) to finance, build and operate a 2,000 MW combined-cycle gas power project at Fujairah, UEA. Bids need to be submitted by February 10.

General Electric and Japan’s Sumitomo Corp. will build Sharjah’s first combined-cycle power station in Hamriyah, UEA, under a public-private partnership with Sharjah Electricity and Water Authority (SEWA). The 1.8 GW project will consists of three blocks, the first of which is slated to come online in May 2021.

Oman’s Duqm Integrated Power and Water project (DIPWP) will be driven by Siemens gas and steam turbines, as well as digital solutions. The €200 million contract marks Siemens’ largest order win in Oman, with project completion due in 2022.

Trinidad & Tobago’s Cove Power Plant is now running on a new LM2500 aero-derivative turbine following a $132 million plant expansion. For GE, it was the first gas turbine to be supplied and commissioned in Tobago  – but it has already sold more than 2,200 units around the world.

ContourGlobal Bonaire, the Caribbean arm of London-based ContourGlobal, has selected Wärtsilä to build a 6-MW energy storage on the island to accommodate greater supply of intermittent wind and solar energy. Works on the EPC project are underway and are due to be completed in April 2019.

Start-up of a new substation northwest of Baghdad reduces bottlenecks in electricity supply. The GE-built substation connects over 1,000 MW of installed capacity to the grid and is vital to reduce the risks of blackouts in the Iraqi capital.

The Texan arm of Entergy Corp has selected two Mitsubishi Hitachi Power Systems (MHPS) gas turbines of its Montgomery County Power Station near Willis, due to start operating in 2021. For MHPS the order is the third from Entergy in just 22 months.

The Finish technology group Wärtsilä will supply a gas engine-driven power plant to a leading petroleum company in Argentina. With an initial output of 57.4 MW, which can later be increased to 90 MW, the plant’s electricity output will primarily be used to power the local oil fields in the Manantiales Behr basin.

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