Projects & Finance

The European Bank for Reconstruction and Development (EBRD) is launching a study aimed at assessing the potential of developing a green financial system in Kazakhstan “in a new step to support Kazakhstan’s path towards a greener economy.” 

Iran’s state power company MAPNA and Indonesia’s state electricity company Perusahaan Listrik Negara (PLN) signed a memorandum of understanding aimed at collaborating in the energy sector.

US power plant developer Clean Energy Future is to construct a new 940 MW gas-fired power plant in Lordsdown, Ohio.

The new facility, to be located within Lordstown Industrial Park, is to be built in addition to the 940 MW Lordstown Energy Center power plant, currently under construction and expected to start operations in June 2018.

The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has adopted a new country strategy for Georgia, which aims among other things to further support renewable energy, resource efficiency and climate change adaptation in the country “to improve competitiveness and resilience of the economy” EBRD said.

Enel's subsidiary Enel Brasil has been officially confirmed by the Brazilian national development bank (BNDES) as winner of the tender for the acquisition of 94.8% shares in Celg Distribuição, an energy distribution company that operates in the Brazilian state of Goiás.

Italy's Enel has finalised the sale of its Belgian subsidiary Marcinelle Energie to French electricity supplier Direct Energie for Eur36.5 million.
Marcinelle Energie owns and operates the 400 MW Marcinelle CCGT power plant in Belgium.

The European Bank for Reconstruction and Development (EBRD) is providing a $95 million financing to support the construction of a 485 MW CCGT plant in Jordan.

The loan will be provided to Mahatat Al Zarqa Le Tawleed Al Takah Al Kahrabaieyah, a limited liability company incorporated in Jordan and majority-owned by ACWA Power International, a major international energy company, EBRD said.
The new thermal power station will be located 40 kilometres north-east of the capital Amman.

The European Bank for Reconstruction and Development (EBRD) is granting a $134.75 million loan to electricity companies operating in the north west of Turkey “in a move to enhance reforms in the Turkish electricity sector” it said.

GE Power has secured new orders for more than $660 million, which include a new F-class gas turbine project in Wisconsin, GE said.

The announcement came in conjunction with Power-Gen International conference (PGI) in Orlando, US.

Indonesia's state-owned utility PLN has obtained $435 million in financing to develop mobile gas-fired power plants (MPP) as part of the government’s goal to build some 35,000 MW of new generating capacity by 2019, local newspaper Jakarta Post reported.

A new 484 MW power plant comprising of two 162-MW gas units and one 160-MW steam unit has been brought online by MAPNA in Kahnouj, southeast Iran.

The European Bank for Reconstruction and Development (EBRD) is partnering with QNB Alahli, one of Egypt’s largest commercial banks, to support small and medium-sized enterprises (SMEs) and energy efficiency projects in Egypt with a $140 million financial package.

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.