Projects & Finance

Indebted Ohio-based utility FirstEnergy Generation has agreed to sell its 545 MW West Lorain Facility to Vermillion Power, part of Starwood, for $144 million in cash – if no higher bid comes forward. The sale of the CCGT will be accomplished through a court-supervised bankruptcy auction to maximize the value of the asset.

The offshore section of the TurkStream pipeline through the Black Sea is now complete after the Russian President Vladimir Putin and his Turkish counterpart Recep Erdogan gave the command to weld the final joint of the pipeline’s second string. The entire pipeline will be commissioned in late 2019.

Seeking to cash in on the shift from coal to gas, Saudi Aramco has made plans to expand its multi-billion natural gas business at home and abroad. “Saudi Aramco is on the way to becoming a gas powerhouse in addition to its huge strength in oil,” the company stated, indicating it plans to boost production from 14 billion standard cubic feet per day (bscfd) to 23 bscfd of natural gas.

Seeking to strengthen ties with Europe, the Russian gas giant Gazprom is fast-tracking works on the $11 billion Nord Stream 2 project with the aim of starting first gas flows to northeast Germany in the autumn or early winter of 2019. Poland and the United States adamantly oppose the project.

Siemens has started construction on a new energy center in Bolivia, designed to provide traditional and digital services to electric utilities in South America. Equipment from Siemens is being deployed to expand three combined-cycle gas power stations in Bolivia: Termoeléctrica del Sur, de Warnes and Entre Ríos.

MAN Energy Solutions has been contracted to provide a new combined-heat-and-power (CHP) solution for Ben Gurion Airport in Tel Aviv, Israel. A dual-fuel engine MAN 9L51/60DF will be vital to power the airport, with plant handover scheduled for the end of 2019.

Sinolam Smarter Energy (SSE), part of Shanghai Gorgeous Group, has awarded a long-term service agreement to Siemens for the SGT-800 gas turbines at the Gas to Power Panama project by Martano. The power plant will operate with LNG and is scheduled for commission in the autumn of 2020.

Taiwan Power Company has awarded a full-turnkey order to Mitsubishi Hitachi Power System (MHPS) to refurbish and upgrade its Nanpu and Datan gas-fired power plants. The contract stipulates low-NOx enhancements of seven M501F gas turbines, and the roll-out of the digital service MHPS-TOMONI. Works are due to be completed in August 2019.

MAN Energy Solutions has been contracted to supply an LNG regasification terminal to Forchem in Rauma, Finland. The chemical company wants to convert the boiler for generating steam for the refinery process to natural gas, or bio-gas, and asked MAN to deliver a tailor-made solution with an offloading skid for LNG trailors.

An online auction will be held for the sale of an almost complete gas-fired power station that was originally built as an energy-from-waste project at Teeside, in northeast England. The auction will be staged between November 15 and 29, accompanied by a separate private treaty sale process.

Construction works have started for SEE’s new 850-MW Keadby-2 combined-cycle gas power plant in North Lincolnshire. The £350 million project, built by Siemens as a full turnkey solution, will be Britain’s most fuel-efficient CCGT with an efficiency level of 63%.

The Asian Development Bank (ADB) agreed to give a $227.7 million loan to Gulf SRC Company to finance the construction and operation of a 2,500 MW combined-cycle gas power plant in Chonburi Province of Thailand. The technology of the CCGT is meant to achieve over 63% thermal efficiency.

Chevron’s gas aggregation company in Nigeria has agreed to extend gas deliveries to Egbin Power. Under the deal, Chevron will supply 145 million standard cubic feet per day (MMBtu/d) through the Nigerian Gas Company (NGC) to Egbin’s 1,320-MW power plant in Ikorodu. Kola Adesina, chairman of Egbin Power, said the additional gas supply should help boost Ikorodu's capacity to 5,000 MW over the coming five years. 

General Electric has signed a multiyear service agreement with GEL Utility to support the power generation unit at Nigerian National Petroleum Corps’s refinery in Port Harcourt. The aim is to achieve uninterrupted power supply at Nigeria’s largest refinery, which currently produces up to 210,000 barrels per day (bbl/d).

The Italian turbine manufacturer Ansaldo Energia has signed a contract worth about €60 million, stipulating the supply of its first H-class GT36 gas turbine to the Minhang combined-cycle gas power plant (CCGT) in China. The 800-MW is being built in Minhang District, a suburban area of Shanghai.

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