Projects & Finance

Mitsubishi Hitachi Power Systems (MHPS) has received an order for gas-fired gas turbine combined cycle (GTCC) power generation system equipments for Hongkong Electric' Lamma power station in Hong Kong.

Enel’s subsidiary Enel Brasil has finalised the purchase of a 94.8% stake in energy distributor Celg Distribuição for 2.187 billion Brazilian reais (around $640 million).

Works on the pipeline system that will bring gas from Russia to China via the Eastern route are “running on schedule”, according to Gazprom, which is developing the project.

US energy supplier Upper Michigan Energy Resources filed an application with the Michigan Public Service Commission to build two gas-fired power plants in the Upper Peninsula of Michigan.

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.