Projects & Finance

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.

Germany utility RWE has decided to freeze the development of Tilbury Energy Centre in the UK, which included proposals for a 2.5 GW combined-cycle gas power plant and energy storage. The project is no longer economically viable, RWE said, considering current market conditions and costs.

A consortium led by ACWA Power, the Saudi power plant developer and investor, has signed a Power Purchase Agreement (PPA) with for a 2,300-MW project to be built in Luxor, southern Egypt, at an estimated cost of $2.3 billion. Phase-1 of the project will start up in summer 2022, and the entire plant is due to be operational in summer 2023.

Duke Energy has stepped up efforts to finalize and commission the second 820-MW unit of its 1,640 MW Citrus County Power Plant by the end of December. In April, the utility first announced plans to have the entire new CCGT fully operational by the end of 2018.

State regulators have narrowly approved Minnesota Power’s strategic move to take a stake in a $700 million gas-fired power project, rebuking concerns from ratepayers and a state law judge. The 525-MW combined-cycle plant will now be built in the town of in Superior, Wisconsin, by Minnesota Power and Dairyland Power Coop. Start-up is slated for 2025.

Advanced Airfoil Components, a JV of Siemens and Chromalloy Gas Turbine Corp, has just opened a new manufacturing headquarter in the Tampa Bay Area, Florida. The new HQ represents a capital investment of $139 million and will add 350 jobs, with recruitment set to start in early 2019.

Teething problems at three large gas power stations in Pakistan – Haveli, Bhikki and Balloki – have now been resolved and final pre-operational test will be carried out in the December-January period. An official from Pakistan LNG told Reuters that delays at the three plants had forced Pakistan to divert some shipments of contracted LNG cargoes.

Progressive Energy, the energy arm of the ElcaTex Group, has awarded MAN Energy Solutions an EPC-contract to set up a combined-heat-and-power (CHP) plant. The 54.8 MW plant, powered by three MAN 18V51/60 engines, will produce electricity and process steam for a nearby textile factory in Choloma, Honduras.

Japan’s Mitsubishi Electric has been selected to supply Electric Power Generation Enterprise (EPGE) in Myanmar with 46 gas-insulated switchgears (GIS), 7 transformers and others. The equipment will be delivered beginning next year for use at substations due to start operation in 2021.

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