Projects & Finance

A consortium formed by Italian grid operator Terna and Italian infrastructure fund F2i SGR has submitted a binding offer for the acquisition of a 24% stake in Greek grid operator ADMIE.

Finnish marine and energy solutions provider Wartsila has signed a contract with independent oil and gas company Imetame Energia for the construction of the 28 MW UTE Prosperidade I gas-fired power plant in Brazil.

The European Bank for Reconstruction and Development (EBRD) is providing a long term loan of up to PLN 320 million (€75 million equivalent) for the conversion of a combined heat and power plant in Krakow into a gas-fired unit.

Italy's Enel, through its subsidiary Enel Green Power North America, has started construction of a 300 MW wind farm in the US. The wind power installation is located in Rock Creek, Missouri and will be able to generate some 1,250 GWh per year of electricity, equivalent to the annual consumption of more than 100,000 american households, the company said.

Italian cable and wires manufacturer La Triveneta Cavi has inaugurated a new factory in Moldova's Straseni industrial park, following a €24 million investment supported by the European Bank for Reconstruction and Development (EBRD).
The new factory will produce low- and middle-voltage electrical cables for use in buildings, industrial processes, power distribution, telecommunications and data transmission.

Development of the Trans Adriatic Pipeline (TAP) is progressing without delays, and first gas is still expected to be delivered to the European market by 2020, Azerbaijan's energy minister Natig Aliyev said.

Portugal's Galp Energia has signed a Memorandum of Understanding with Brazil's Petrobras aimed at extending the cooperation between the two companies. Galp said potential joint projects the two companies intend to explore include oil and gas exploration, production and infrastructure development, in “areas of common interest in Brazil and abroad.” However, the new gas production is not likely to result in an increase in Galp's commitment in gas-fired generation, a spokesman for the company said.

Siemens is considering entering a bid for the development of 3 GW of new LNG-fired generation in South Africa, a spokesman for the company confirmed to Gas to Power Journal. The potential bid would come on the back of the LNG to Power IPP Programme announced by South Africa's department of energy in August 2015. 

Capstone Turbine Corp has announced that BPC Engineering, its distributor in Belarus and Russia, secured another order for three C1000 microturbines that are due for shipment to Minsk in late October and scheduled to be commissioned by January.

A 19-day testing process is underway for the Tennessee Valley Authority’s (TVA) Paradise combined-cycle plant, including ‘first fire’ of the turbine and grid synchronisation. TVA said the 1,025-MW gas power plant is now 84% complete – all tests should be successful by early 2017 for the CCGT to enter into commercial operation before the coming summer.

Italy's Enel has signed a binding agreement for the acquisition of fibre cable provider Metroweb Italia, through its subsidiary Enel OpEn Fiber for €714 million. 

Pakistan and Russia are in talks to revamp and upgrade a 600 MW gas-fired power plant at Jamshoro, based on Russian funding. Feasibility of the project has already been determined so the Pakistani energy minister called it “one of the most viable projects in which the Russian Federation can invest in.”

Saudi Electricity Co (SEC), together with Saudi Aramco, has awarded a contract to the French utility Engie to build a 1,504 MW gas power plant. The CCGT is slated to start operation by December 2019 and will help power Aramco's Fadhili gas processing plant that is currently under construction.

Hit by further delays, Mississippi Power Co. has conceded it needs to extend the construction schedule for its Kemper County integrated gasification combined-cycle (IGCC) plant by yet another month, which increases costs by $62 million. The project’s total price tag now stand at nearly $6.9 billion – start-up has been pushed back to November 30.

French energy marketer Direct Energie has agreed to buy Marcinelle Energy – the owner of a 400 MW combined-cycle gas power plant – from Italy’s state-dominated Enel.

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