Projects & Finance

The European Bank for Reconstruction and Development (EBRD) and the European Commission (EC) are joining forces to promote energy efficiency across the Western Balkans.

Vattenfall has reached the final investment decision for the construction of a new combined heat and power plant in Berlin.

France's Engie has completed the disposals of its thermal assets in the US, India and Indonesia.

Iran's Mapna Group has obtained the provisional acceptance certificate (PAC) for the first gas unit and B.O.P (block of power) plant for its Samangan power plant.

US Mississippi Power has postponed the full coming in operation of its Kemper County power plant to the end of February 2017.
The company had previously said it was expecting it to come in service in January 2017.

Siemens has finalised the first phase of the Egypt Megaproject it was awarded in June 2015, having already brought online some 4.8 GW of power generation capacity.

US utility American Electric Power has completed the sale of four power plants to Ligthstone Generation, a joint venture of Blackstone and an affiliate of ArcLight Capital Partners for $2.1 billion.

Iran's Mapna Group and Negin Mokran Development Company (NMDC) signed a memorandum of understanding for construction of two CHP units.

The MoU envisages the construction of two MAP2A gas units with a total capacity of 340 MW in addition to two heat recovery boilers and ancillary equipment.

France's Engie has been awarded the contract and achieved financial closing for the Fadhili independent power project (IPP) in Saudi Arabia.

A new CCGT 1,100 MW power plant to be constructed near New York has secured the needed $1,584 billion financing for the project.

Solvay, Ansaldo Energia and Marubeni have formed a joint venture to invest in an energy efficiency project at Solvay's facility in Rosignano, Italy.

The three partners will finance and operate a new 180 MW gas turbine and a re-powered plant which has a total capacity of 350 MW and total steam production capacity of 410 t/h, Solvay said in a statement.

Italy's Eni and the Nigerian National Petroleum Corporation (NNPC) have signed a memorandum of understanding that envisages, among other things, that Eni will progress plans to double generation capacity at the Okpai Independent Power Plant “through the fast track development of its Phase II making it one of the largest combined cycle power plants in Africa” Eni said.

Singapore's Sembcorp has signed a build-operate-transfer (BOT) agreement with the Ministry of Electricity and Energy of Myanmar (MOEE) for its 225 MW Myingyan gas-fired power plant currently under construction in Mandalay.

FirstEnergy has signed an agreement for the sale of four gas-fired power plants in Pennsylvania and its share of a Virginia hydroelectric power station to LS Power Equity Partners for $925 million.

General Electric has secured more than $1.4 billion in orders from Iraq’s Ministry of Electricity to set up power plants totalling over 2 GW as well as provide technology upgrades and maintenance services.

In detail, GE is to set up the Samawa and Dhi Qar Power Plants, which will have a combined capacity of 1.5 GW. In the first phase of the project, GE will install four 9E gas turbines in simple cycle at each site by 2018. The second phase will entail the combined cycle conversion of the 9E units, GE said.