CMI has been awarded a contract for engineering and supplying a receiver for the 950 MW Phase IV of Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
Energy Finance & Investment News in Asia
ACWA Power has announced the successful financial closure of the approximately SAR1.2 billion (US$320 million) Sakaka solar project, the first ever utility scale renewable energy project to be developed in Saudi Arabia.
GlassPoint Solar and Occidental of Oman have signed a Memorandum of Understanding (MoU) to develop a large solar thermal energy plant, exceeding 2 GW, at the Mukhaizna oilfield in the Sultanate of Oman.
Kazakhstan Electricity and Capacity Market Operator (KOREM) has announced that it has contracted 857.93 MW of renewable energy this year through auctions.
IPPToday #310: Gulf Energy Development cements participation in US$480 million power project in Oman
Gulf Energy Development (GED) has announced that it has completed the acquisition of a 45% stake in Duqm Power Company (DPC) from the Oman Oil Company (OOC), a wholly-owned subsidiary of the Omani government. DPC has been established to develop a 326 MW independent power and water project in the Duqm Special Economic Zone of Oman.
The Philippine National Oil Company (PNOC) is seeking a joint-venture partner to design, build, finance, operate and maintain a liquefied natural gas (LNG) hub in Batangas Bay, located in Batangas province on the Luzon island of the Philippines. The project could cost up to US$2 billion.
Indonesian companies PT Jawa Satu Power (JSP) and PT Jawa Satu Regas (JSR) have secured US$1.312 billion financing for the Jawa 1 Gas-to-Power Project.
IPPToday #290: Government of Nepal to re-award US$2.5 billion hydropower project to China Gezhouba Group
A government minister of Nepal has stated that China Gezhouba Group Company (CGGC) will construct and finance a 1,200 MW hydroelectric power plant in the country. CGGC agreed to develop the US$2.5 billion Budhi Gandaki project last year, but the agreement was scrapped shortly after and the project re-assigned to state-owned Nepal Electricity Authority (NEA).
The Kuwait National Petroleum Company (KNPC) has launched a tender for the design, construction, commissioning, operation and maintenance of the Al-Dibdibah solar project. The project will comprise five solar generating units (SGUs), which can each have a maximum capacity of 300 MW (AC).
ENGIE has announced that it has entered into a partnership with STOA, a French infrastructure and power equity investor in developing countries, to build a wind platform in India, through a joint venture owned 50/50 by the two entities.
Doosan Heavy Industries & Construction (DHIC) has announced that it has signed a Memorandum of Understanding (MoU) to construct two 1,000 MW coal-fired power plants in Cilegon, Banten province, Indonesia.
ORIX Corporation has announced that it has established and commenced activities at ORIX Renewable Energy Management Corporation, a company tasked with the operation, management, and maintenance of power plants that use renewable energies such as solar power.
Electric Power Development Co., Ltd. (J-POWER) and ENGIE have signed a Memorandum of Understanding (MOU) to collaborate on the development of power projects, particularly in large-scale commercial offshore wind projects.
Dubai Electricity & Water Authority (DEWA) has announced the commencement of a competitive tender process to select a suitable developer or developer consortium for a 1,200 MW coal-fired project - the third phase of the Hassyan clean coal power plant.
AP Renewables, Inc. (APRI), a wholly-owned subsidiary of AboitizPower, has signed a Geothermal Resources Supply and Services Agreement (GRSSA) with the Philippine Geothermal Production Company, Inc. (PGPC) to expand the Tiwi and MakBan Geothermal Complex, which has an installed capacity of nearly 750 MW.
Green Investment Group (GIG), Macquarie Capital’s global green investment platform, has announced the acquisition of a significant solar development portfolio from Conergy Asia & ME.
Mitsui & Co has completed all necessary procedures to enter into a definitive agreement to acquire a 50% share of Yushan Energy Taiwan, from Singapore's Yushan Energy, a subsidiary of Enterprize Energy Group.
The Asian Development Bank (ADB) has approved financing for the 216 MW Upper Trishuli 1 hydropower project in Nepal, which involves the development of a run of river hydroelectric power plant on the Upper Trishuli river, about 70km north of Kathmandu, for a total cost of US$650 million.
Enlight Renewable Energy has achieved financial close of a 96 MW wind farm to be located in the area of the Golan Heights region controlled by Israel.
Denikon, an Italian renewables developer, and Sinosteel Corporation, a Chinese state-owned enterprise focussed mainly on metallurgy and engineering, have signed a Memorandum of Understanding (MoU) to install between 500 and 1000 MW solar photovoltaic capacity in Iran.