Projects & Finance

China National Machinery Corp (CMEC), in consortium with GE, has secured a $117 million order to repower Ghorashal Unit 3, the largest power station in Bangladesh. The existing 210-MW Power Machines (LMZ 200) – a Russian make –  will be revamped with a GE steam turbine with the aim of generating up to 416.3 MW in combined-cycle operation.

Indonesian utility Medco Power Generation is still keen to participate in a tender for the Java-1 power project (2x800MW). However, it now prepares to launch a bid together with Korea Electric and Nebras Power, turning its back on former partner Mitsui. Tender documents have to be submitted to PLN early next week.

In line with Saudi Aramco's ‘In-Kingdom Total Value Add’ program, Siemens has delivered the first shipment out of ten locally-produced gas turbines that will drive the Integrated Gasification Combined Cycle (IGCC) power plant in Jazan. With an installed capacity of 4,000 MW, the IGCC will be the largest facility of its kind to be fuelled with gasified refinery residues.

Just hours after the merger with NextEra Energy feel through, Hawaiian Electric Industries confirmed it is abandoning plans to import LNG through Fortis for a proposed gas-fired power plant. The contract with Fortis Hawaii was contingent on regulatory approval of NextEra’s takeover of Hawaiian Electric.

Veolia Energia Poland has selected GE to modernise of one of three Zamech-made turbine genset at a 275 MW district-heating plant at Poznań. Takeover and integration of Alstom Power's technology portfolio helped GE to expand its service capability for such equipment.

Profitability of combined-cycle gas power plant is dire in Belgium - with spill-over effects to Luxemburg. French ENGIE decided to close the 385 MW Twinerg CCGT, which mostly caters to the Belgian market, by October 2016. This move follows just weeks after EDF Luminus said it intends to close for of its gas power assets.

Eager to acquire Calpine’s South Point Energy Center (530 MW) in Arizona, NV Energy has disclosed the $75.6 million purchase price and its $21 million investment budget for the combined-cycle gas power plant in a filing to the Nevada Public Utilities Commission.

Responding to double-digit electricity demand growth, the government of the Ivory Coast is pushing for a start of construction for the 375 MW phase-1 of the Sogon CCGT project in December. Works on the 360 MW Grand-Bassam gas power project are set to follow suit in early 2017.

Ciaran and Steven Devine, known as the Greysteel brothers, are seeking to develop a 400-MW combined-cycle gas power plant in Belfast, on land within the Harbour Estate. The CCGT will be powered by a Siemens SCC-800 gas turbine with the capacity to produce electricity for over 400,000 homes in and around Belfast.

Phased load tests are underway at the 338 MW Maharashtra combined-cycle gas power plant in India, after Korea Western Power Co. (KOWEPO) has completed the first network synchronisation. The Korean utility aims to start commercial operation of its latest Indian CCGT asset in early August.

Capstone Turbine Corp has recently shipped two C1000 microturbines to upgrade an industrial unitary enterprise “paper mill” in Minsk, Belarus. Equipment was shipped in late June – following prepayment – in a bid to getting the revamped plant up and running in the autumn.

Full notice to proceed has been granted to Fluor Corp as for construction of Dominion’s 1,600 MW Greensville County Power Station. Once completed, the CCGT will produce enough electricity to power 400,000 homes in Virginia at peak demand.

South Africa’s gas-to-power IPP projects are “on track” – qualifications will be handled from September as the energy ministry seeks sending out Request for Proposals (RFP) in early March next year. Standard Bank and other financial institutions have signed interest in funding gas power projects.

Project finance, notably for Independent Power Projects (IPPs), are starting to overtake public and utility financing in sub-Saharan Africa. Cost is a major stumbling block: In fact, it would cost around $40.8 billion a year - equivalent to 6.35% of Africa’s GDP - to tackle power shortages, the World Bank estimates. African policy makers are hence quick to embrace Chinese state-backed funding in large hydropower and thermal power plants.

Dealing an initial blow to the 1.8 GW Trafford Power project, the UK government has provisionally withdrawn a capacity contract after Carlton Power missed crucial deadlines for obtaining debt financing for the project. Following urgent intervention by the developer, the Department of Energy and Climate Change (DECC) conceded to push back the investor deadline until mid-December.

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