Projects & Finance

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.

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.