Projects & Finance

Centrica and the European Regional Development Fund are to invest some £19 million in a smart grid and energy storage units project in Cornwall.

Centrica said this was a pioneering trial aimed at creating “a local energy market in Cornwall, which will see the development of a virtual marketplace and the installation of new technology into over 150 homes and businesses.”

The European Bank for Reconstruction and Development (EBRD) is to provide a new Eur400 million financing package for small-scale energy and resource efficiency projects in Turkey.

Fuel manufacturer Valero Energy has submitted plans to the Planning Inspectorate Wales for a proposed £100 million investment to build a Combined Heat and Power (CHP) cogeneration unit at its Pembroke Refinery in South Wales.

The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) are to provide sovereign-guaranteed loans of up to Eur46.5 million each to Société Tunisienne de L'électricité et du Gaz (STEG), a state-owned utility company, aimed at promoting investments in the energy sector in the country.

Italy's Enel has launched a public tender aimed at identifying “innovative, sustainable proposals” for the acquisition and redevelopment of the industrial site of the Pietro Vannucci power plant in Gualdo Cattaneo in the Province of Perugia, in central Italy.

Texas-headquartered global engineering and procurement company Fluor Corporation has signed a memorandum of understanding with Clean Energy Future to provide development support for the Trumbull and Oregon Energy Centers natural gas, combined-cycle stations in Ohio.

Stadtwerke Kiel gave the go-ahead for the construction of a 190 MW cogeneration plant in Kiel, Germany.

The plant utilises 20 GE's Jenbacher gas engines, each with an output of 9.5 MW. It has a total efficiency of 90%.

Entergy Louisiana has received approval from the Louisiana Public Service Commission to build a new natural gas-fired, combined-cycle power plant in St. Charles Parish.

Wartsila is to supply a 101 MW gas-fired power plant to electricity generator Pampa Energia in Argentina.

E.ON is to build, own and operate a new cogeneration plant in Belgium.

Russia's Gazprom and the Japan Bank for International Cooperation (JBIC) are mulling widening their collaboration on energy projects, which might include the involvement of JBIC in “financing the construction of the third train of the Sakhalin II LNG plant and the Amur gas processing plant” Gazprom said in a statement.

A new 829 MW gas-fired power plant has been commissioned by Siemens and Panda Power Funds in Pennsylvania.

The European Bank for Reconstruction and Development (EBRD), the Agence Française de Développement (AFD) and the European Investment Bank (EIB) are teaming up to provide a Eur35 million loan to support energy efficiency and renewable investments in Morocco.

Enel, through its renewables subsidiary Enel Enel Green Power México (EGPM), has completed and connected to Mexico's power grid two new wind farm projects, the 129 MW Palo Alto installation and the 100 MW Vientos del Altiplano, both located in the state of Zacatecas.

The European Bank for Reconstruction and Development (EBRD) is financing infrastructure investments worth Eur116 million by CEZ Razpredelenie Bulgaria, a private listed utility that provides electricity distribution services to over two million customers in western and north-western Bulgaria.

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