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Fossil-fuel Power News

IPPToday #327: Carlyle Group acquires 3 New England gas-fired plants for U$590 M

IPPToday #327: Carlyle Group acquires 3 New England gas-fired plants for U$590 M

🕔Dec 10, 2018

The Carlyle Group has agreed to acquire Emera’s three natural gas-fired generation facilities in New England for $590 million. The seller is Emera Inc. J.P. Morgan provided financial advice on the deal. The transaction is expected to to close in the first quarter of 2019.

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IPPToday #320: Equitix to acquire 25% stake in 220 MW coal conversion project in Wales

IPPToday #320: Equitix to acquire 25% stake in 220 MW coal conversion project in Wales

🕔Nov 21, 2018

Atlantis has announced that it has signed a Heads of Terms to sell a 25% shareholding in Uskmouth Power Station to Equitix for a cash consideration of GBP32.9 million (US$42.2 million).

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IPPToday #310: Gulf Energy Development cements participation in US$480 million power project in Oman

IPPToday #310: Gulf Energy Development cements participation in US$480 million power project in Oman

🕔Oct 30, 2018

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.

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IPPToday #294: 850 MW gas-fired power project in Mexico reaches financial close

IPPToday #294: 850 MW gas-fired power project in Mexico reaches financial close

🕔Oct 2, 2018

EVM Tenedora, S.A.P.I. de C.V. and EFS Global Energy B.V., a subsidiary of GE, has secured US$740 million financing for the development of an 850 MW power plant in Axapusco, Mexico, located approximately 60km north-east of Mexico City.

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IPPToday #284: MoU signed for 2 GW expansion of coal-fired power station in Indonesia

IPPToday #284: MoU signed for 2 GW expansion of coal-fired power station in Indonesia

🕔Sep 13, 2018

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.

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IPPToday #279: RFEOI issued for 1.2 GW clean coal project in Dubai

IPPToday #279: RFEOI issued for 1.2 GW clean coal project in Dubai

🕔Sep 5, 2018

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.

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IPPToday #271: Fourth unit of 4 GW coal-fired power station in England switched to biomass

IPPToday #271: Fourth unit of 4 GW coal-fired power station in England switched to biomass

🕔Aug 23, 2018

Drax Group has announced that it has switched on its fourth biomass generating unit at Drax power station. Located in North Yorkshire, north-east England, the 3,906 MW power station was designed to accommodate six 660 MW coal-fired units, which were brought online between 1973 and 1986.

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IPPToday #267: SIMEC ZEN Energy to install 1 GW renewables in South Australia for US$1 billion

IPPToday #267: SIMEC ZEN Energy to install 1 GW renewables in South Australia for US$1 billion

🕔Aug 16, 2018

SIMEC ZEN Energy, a subsidiary of British conglomerate GFG Alliance, has launched a US$1 billion investment plan to install 1 GW dispatchable renewable energy in South Australia.

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Lucky Cement closes on Port Qasim coal-fired

Lucky Cement closes on Port Qasim coal-fired

🕔Jul 6, 2018

It has been recently announced by Lucky Cement that the company has achieved financial close on its 660 MW Lucky Electric Coal Power Project, which is based on Thar coal.

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IPPToday #235: SK E&C intends to develop US$2 billion coal-fired power project in the Philippines

IPPToday #235: SK E&C intends to develop US$2 billion coal-fired power project in the Philippines

🕔Jun 20, 2018

SK Engineering & Construction (SKE&C), subsidiary of South Korean conglomerate SK Group, has signed a Letter of Intent (LOI) with the Government of the Philippines to build two 600 MW coal-fired power plants on Luzon island at an estimated cost of KRW2.2 trillion (US$1.98 billion).

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IPPToday #228: Chinese and Korean firms to develop multi-billion LNG projects in the Philippines

IPPToday #228: Chinese and Korean firms to develop multi-billion LNG projects in the Philippines

🕔Jun 8, 2018

SK E&S, a subsidiary of Korean conglomerate SK Group, has signed a Letter of Intent (LOI) with the Department of Energy of the Philippines proposing the construction of liquefied natural gas (LNG) infrastructure worth US$1.7 billion. In addition, Phoenix Petroleum and China National Offshore Oil Corp (CNOOC) have signed a Memorandum of Understanding (MOU) to develop LNG projects in the country.

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AMP Capital invests in Invenergy's thermal generation portfolio in North America

AMP Capital invests in Invenergy's thermal generation portfolio in North America

🕔May 25, 2018

AMP Capital has entered into a 50/50 partnership with Invenergy Clean Power LLC (ICP) to invest in Invenergy’s operating and development portfolio of natural gas-fired power generation facilities across the United States, Canada and Mexico.
 

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IPPToday #219: MoU signed for US$400 million gas-fired power project in Mozambique

IPPToday #219: MoU signed for US$400 million gas-fired power project in Mozambique

🕔May 25, 2018

Great Lakes Africa Energy (GLAE) has signed a Memorandum of Understanding (MoU) with the Government of Mozambique to construct a 250 MW gas-fired power plant in the country at an estimated value of US$400 million.

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IPPToday #212: MoU signed for 3.2 GW LNG project in Vietnam

IPPToday #212: MoU signed for 3.2 GW LNG project in Vietnam

🕔May 16, 2018

Energy Capital Vietnam (ECV) has announced that it has signed a Memorandum of Understanding (MOU) with The People's Committee of Bac Lieu Province to develop an integrated Liquefied Natural Gas (LNG) to power project in the province, which is located in the Mekong Delta region of the country.

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IPPToday #207: Joint venture agreement signed for 1,320 MW coal-fired power project in Bangladesh

IPPToday #207: Joint venture agreement signed for 1,320 MW coal-fired power project in Bangladesh

🕔May 8, 2018

Bangladesh Power Development Board (BPDB) and China Huadian Hong Kong Company Ltd (CHDHK) have signed a joint venture agreement to construct a 1,320 MW coal-fired power plant in Maheshkhali, Cox's Bazar, a district in the south-east of Bangladesh. The estimated cost of the project is US$2 billion.

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IPPToday #204: Vietnam approves 2,250 MW gas-fired power projects

IPPToday #204: Vietnam approves 2,250 MW gas-fired power projects

🕔May 3, 2018

The Prime Minister of Vietnam has approved the development of two gas-fired power plants in Dong Nai, a province of in the south of the country, which will have a combined capacity of 1,500 MW and cost VND33.3 trillion (US$1.45 billion) to build.

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Actis acquires 2.2 GW portfolio from InterGen

Actis acquires 2.2 GW portfolio from InterGen

🕔May 3, 2018

Actis has announced that it has acquired InterGen's portfolio of businesses in Mexico for a consolidated enterprise value of US$1.256 billion.

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Objections continue to delay award of 300 MW LNG power project in Sri Lanka

Objections continue to delay award of 300 MW LNG power project in Sri Lanka

🕔Apr 30, 2018

It has been announced that two bidders have filed objections over the awarding the tender to Lakdanavi Ltd, a subsidiary of LTL Holdings (Pvt) Ltd. which will lead the construction of Kerawalapitiya 300MW Liquefied Natural Gas (LNG) power plant to experience further delays.

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250 MW gas-fired power station to be developed in New South Wales

250 MW gas-fired power station to be developed in New South Wales

🕔Apr 30, 2018

AGL Energy Limited has announced its commitment to build a 252 MW gas-fired electricity generation plant near Newcastle in New South Wales, a state in the south-east of Australia. The company estimates that this will require an investment of up to AUD400 million (US$303.1 million).

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IPPToday #198: US$1.5 billion raised for LNG-to-power project in Brazil

IPPToday #198: US$1.5 billion raised for LNG-to-power project in Brazil

🕔Apr 24, 2018

Centrais Elétricas de Sergipe (CELSE), a special purpose vehicle majority-owned by Golar Power, has announced the signing of financing agreements for the Porto de Sergipe I project, which involves the development of a thermal power plant that will process natural gas in electric energy in Barra dos Coqueiros, Sergipe state, north-east Brazil.

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