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Fossil-fuel Power News

IPPToday #266: SIMEC ZEN Energy to install 1 GW renewables in South Australia for US$1 billion

IPPToday #266: 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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IPPToday #194: 1,200 MW coal-fired power project in Vietnam to receive almost US$2 billion from lenders

IPPToday #194: 1,200 MW coal-fired power project in Vietnam to receive almost US$2 billion from lenders

🕔Apr 17, 2018

Korea Electric Power and Marubeni Corporation have secured approximately US$1.87 billion from a consortium of lenders to finance the Nghi Son 2 coal-fired power generation project in Vietnam. This follows the commercial close of the project, which was achieved in December.

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IPPToday #192: RFQ for unprecedented 1,200 MW coal project in Oman

IPPToday #192: RFQ for unprecedented 1,200 MW coal project in Oman

🕔Apr 13, 2018

The Oman Power and Water Procurement Company (OPWP) has issued a Request for Qualification (RFQ) for a clean coal-fired independent power project (IPP) with a capacity of 1,200 MW and located at Duqm, around 530km south of the capital, Muscat. This is the first IPP based on clean coal technology to be developed in the country.

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Financing secured for expansion of power plant in Chile

Financing secured for expansion of power plant in Chile

🕔Apr 13, 2018

GE Energy Financial Services has announced that it has secured US$150 million project financing to refinance and expand the Los Guindos open-cycle thermoelectric power plant in central Chile, which has been in operation since July 2015 at 139 MW capacity.

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Financial close for 50MW thermal power plant in Guinea

Financial close for 50MW thermal power plant in Guinea

🕔Apr 10, 2018

With support from the Overseas Private Investment Corporation (OPIC) and CDC, the development finance institutions of the USA and UK respectively, the Tè Power project has reached financial close. Tè Power Company S.A.S.U., owned by Endeavour Energy, will construct a 50MW thermal power plant in Conakry, the capital city of Guinea.

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IPPToday #187: EDF appointed leader of 2000 MW gas-fired power project in Vietnam

IPPToday #187: EDF appointed leader of 2000 MW gas-fired power project in Vietnam

🕔Apr 6, 2018

The Government of Vietnam has appointed the EDF Group as leader of the international consortium in charge the Son My 1 project, located in the Quang Ngai province of Vietnam. The project involves the construction of a 2000 MW gas-fired power plant, which uses combined cycle gas turbine technology.

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IPPToday #182: Contract framework agreement signed for 2000 MW coal-fired power plant in Bangladesh

IPPToday #182: Contract framework agreement signed for 2000 MW coal-fired power plant in Bangladesh

🕔Mar 27, 2018

GCM Resources, a London-based resource exploration and development company, has announced that it has agreed a Contract Framework Agreement with China Gezhouba Group International Engineering Co. (CGGC) which awards CGGC the exclusive right for the engineering, procurement, construction, and commissioning of a proposed 2,000MW mine-mouth thermal power plant which is part of GCM's Phulbari Coal and Power Project in north-west Bangladesh.

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InfraRed fund acquires stake in 900 MW power project in Mexico

InfraRed fund acquires stake in 900 MW power project in Mexico

🕔Mar 23, 2018

InfraRed Infrastructure Fund V has completed the acquisition of a 35.5% equity interest from Macquarie Capital in the Norte III project, a 907 MW combined-cycle gas turbine project, currently under construction near Ciudad Juárez, in the north of Mexico.

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