Projects & Finance

Britain’s energy firm Drax has completed the £702 million acquisition of a 2.6GW portfolio of gas, hydro power and energy storage assets operated by Scottish Power from its parent company Iberdrola. Now, Drax aims to expand the Cruachan pumped storage plant by up to 600 MW and maximise the flexibility of the four CCGTs with a combined capacity of 2 GW.

McDermott, the EPC contractor of Calpine’s York 2 Energy Center Project, expects to achieve substantial project completion in the first quarter of this year. First fire of units 5 & 6 at the 828-MW power plant was achieved in late December, with units running smoothly ever since.

Competitive Power Ventures (CPV), an independent investor in energy assets, has sold a quarter of its shareholding in the 805 MW Towantic Energy Center in Connecticut to the American subsidiary of Osaka Gas. The Japanese utility previously bought stakes in three other CPV gas power plants.

Veolia North America and Arizona Public Service (APS) have selected GE’s Fleet360 total plant solutions to increase performance at power plants in Boston and Arlington. APS expects to garner a 6% higher output and a 2% drop in heat rate will boost flexibility at its Redhawk Power Station (1,060 MW).

Mubadala and Dubai Holding have set up a joint project vehicle to develop the United Arab Emirates’ (UEA) self-proclaimed “most efficient power plant” at Emirates Global Aluminium’s (EGA) smelter in Jebel Ali. The 600 MW power unit and integrated water desalination plant will be built under a 25-year deal worth over 1 billion dirhams ($272m).

TransCanada, the Canadian pipeline network operator, has agreed to sell its Coolidge Generating Station in Arizona, U.S., to a subsidiary of Southwest Generation Operating for US$623 million (C$623m). The Coolidge plant is a 575-MW gas-fired power facility that is underpinned by a long-term power purchase agreement (PPA).

Korea Zinc, a manufacturer in Onsan near Ulsan City, has contracted GE to deploy two flexible 6F.03 gas turbines at its LNG-fuelled combined-cycle power plant. All electricity produced by the 270 MW combined-cycle gas power plant will be used for Korea Zinc’s metal production.

Anglo-Swiss commodity trader Glencore is understood to partner with Limay LNG Power Corp. on realizing a LNG-fuelled power plant in Batan, Luzon Island, with a capacity of 1,100 MW. Glencore could provide project financing and help with LNG procurement, adding to supplies from the Philippines’ depleting Malampaya field.

Mitsui O.S.K. Lines (MOL) has agreed a financing deal for the 1,760 MW Jawa-1 gas power plant and an accompanying floating storage and regasification unit (FSRU). The integrated LNG-to-power project will be built at a cost of $1.8 billion by PT Pertamina, Marubeni and Sojitz and is due operational in December 2021.

Indonesian state-owned energy firm Pertamina, together with Marubeni and Sojitz, has reached financial close for a $1.8 billion integrated LNG regas and power generation project. The 1,760 MW Jawa-1 combined-cycle power plant (CCGT), as well as an adjacent floating storage and regasification unit (FSRU), is slated to start operation in December 2021.

Momentum for GE’s flagship HA gas turbine “continues to be strong,” the manufacturer said when announcing two order wins in the third quarter. The customers are Florida’s Tampa Electric (TECO) and the Taiwanese independent power producer (IPP) Chiahui Corp.

Europes first GE 9EMax gas turbine upgrade has been completed at Sokolovska Uhelna's integrated gasification combined cycle (IGCC) power plant in Vresova, Czech Republic. Following the upgrade, the plant “exceeded expectations on heat rate, power output and unit flexibility,” the operator said without specifying.

Mitsubishi Hitachi Power Systems (MHPS) has won an order to supply a M501GAC gas turbine to a utility in the U.S. Midwest. With an enhance response rate, the 275 MW turbine can startup in ten minutes and has a 50 MW/min ramp rate.

Florida Siting Board, headed by Govenor Rick Scott, has approved an $888 million plan by Florida Power & Light (FLP) to tear down and rebuild its power plant near Port Everglades. The new 1,163-MW Dana Beach Clean Energy Center will reduce primary emissions of the oil plant by 70%, once operational in 2022.

Siemens has won an order from Lansing Board of Water & Light to supply three SGT-800 gas turbines and generators for their new power station in Lansing, Michigan. Two of the three turbines will operate in combined-cycle and one simple-cycle mode, providing both baseload power and operational flexibility. Start-up is scheduled for spring 2021.

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