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Fossil-fuel Power News

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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Saudi Arabia launches tender process for 3000 MW IWPP

Saudi Arabia launches tender process for 3000 MW IWPP

🕔Mar 20, 2018

The Water & Electricity Company (WEC) of Saudi Arabia has published a Request for Expressions of Interest for the Jubail Phase 3 Independent Water & Power Project, to be located on the Arabian Gulf Coast, approximately 18km south of the Jubail Industrial City, adjacent to the existing plant units (Jubail Phase 1, Jubail Phase 2 and Jubail RO plants), in the Eastern Province of the Kingdom of Saudi Arabia.

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IPPToday #177: MoU signed for US$3 billion LNG-power project in Bangladesh

IPPToday #177: MoU signed for US$3 billion LNG-power project in Bangladesh

🕔Mar 20, 2018

Summit Power International has announced that its subsidiary Summit Corporation Limited has signed a Memorandum of Understanding (MoU) with Mitsubishi Corporation and its subsidiary Diamond Gas International to develop a LNG-to-Power project in Matarbari, Moheskhali, Bangladesh, which is expected to cost up to US$3 billion.

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AIIB to finance 220 MW power plant in Bangladesh

AIIB to finance 220 MW power plant in Bangladesh

🕔Mar 12, 2018

The Asian Infrastructure Investment Bank’s (AIIB) has announced that its Board of Directors has approved a loan of up to US$60 million for the Bangladesh Bhola independent power project, which involves the development of a greenfield 220 MW combined cycle power plant in Bhola island in the Barisal district of Bangladesh.

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Platinum Equity purchases 810 MW power plant from GenOn Energy

Platinum Equity purchases 810 MW power plant from GenOn Energy

🕔Mar 7, 2018

Platinum Equity has announced it has signed a definitive agreement to acquire an 810 MW combined-cycle gas turbine generating power plant in Gettsyburg, Pennsylvania, USA from GenOn, a subsidiary of NRG Energy Inc.

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300 MW open cycle gas turbine project in UK reaches financial close

300 MW open cycle gas turbine project in UK reaches financial close

🕔Mar 6, 2018

InterGen has announced the financial close of credit facilities for its 300 MW natural gas-fired Spalding Energy Expansion project in Spalding, Lincolnshire, England. The project involves the installation of an open cycle gas turbine unit at the company's existing gas-fired power station.

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IPPToday #167: US$4.8 billion sale of Snowy Hydro stakes paves way for 2000 MW Snowy 2.0

IPPToday #167: US$4.8 billion sale of Snowy Hydro stakes paves way for 2000 MW Snowy 2.0

🕔Mar 5, 2018

The federal government of Australia has announced that it will acquire the stakes of the governments of New South Wales and Victoria in Snowy Hydro Limited, the owner and operator of more than 5500 MW of multi-fuel generation capacity across New South Wales, Victoria and South Australia, including the 4100 MW Snowy Mountains Scheme - a hydropower project that produces around 32% of all renewable energy available to the eastern mainland grid of Australia.

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ADB announces US$235 million for renewable projects in South-East Asia

ADB announces US$235 million for renewable projects in South-East Asia

🕔Feb 27, 2018

The Asian Development Bank (ADB) has signed a loan equivalent of up with US$235 million to B.Grimm Power Public Company Limited, one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations (ASEAN).

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Exim Bank of China finance coal-fired power plant in Malawi

Exim Bank of China finance coal-fired power plant in Malawi

🕔Feb 7, 2018

The Government of Malawi has disclosed that the 300 MW Kam’mwamba coal-fired power plant project is being financed with a US$667 million loan from the Export-Import (Exim) Bank of China. The government are developing the project in partnership with China Gezhouba Group, a subsidiary of China Energy Engineering Corporation.

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IPPToday #147: Bangladesh and Indonesia sign MoU on US$2 billion 1400 MW gas project

IPPToday #147: Bangladesh and Indonesia sign MoU on US$2 billion 1400 MW gas project

🕔Feb 2, 2018

Indonesia’s state-owned diversified energy company PT Pertamina and Bangladesh Power Development Board (BPDB) have signed a memorandum of understanding (MoU) to develop an integrated gas project, comprising of a combined cycle gas turbine (CCGT) power plant with installed capacity of 1400 MW and a floating, storage and regasification unit (FSRU). The estimated total investment is US$2 billion.

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IFC-led consortium refinance 175 MW gas-fired power plant in Mozambique

IFC-led consortium refinance 175 MW gas-fired power plant in Mozambique

🕔Jan 24, 2018

Sasol Limited and Electricidade de Moçambique (EDM) have successfully refinanced the Central Térmica de Ressano Garcia S.A. (CTRG) joint venture project, a 175 MW gas-fired power plant in Mozambique. EDM holds a 51% stake in the project, with Sasol holding the remaining 49%.

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Third phase of Dubai clean coal plant underway with consultancy tender

Third phase of Dubai clean coal plant underway with consultancy tender

🕔Jan 23, 2018

Dubai’s Electricity and Water Authority (DEWA) has announced plans for Phase III of the Hassyan clean coal power plant. The authority began tendering for advisers in late December, seeking advisory services for the development of the project, which is to be developed by an independent power producer.

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New gas-fired power plant in Myanmar begins supplying National Grid

New gas-fired power plant in Myanmar begins supplying National Grid

🕔Jan 11, 2018

It has been reported in local newspapers that the Myingyan combined-cycle gas turbine power plant has begun generating 143 MW feeding into Myanmar's National GridSembcorp Industries, through the Sembcorp Minygyan Power Company Limited, signed a 22-year build-operate-transfer (BOT) agreement for the project with the Ministry of Electricity and Energy of Myanmar in January 2017.

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IPPToday #129: Dominion Energy acquires US utility Scana for US$14.6 billion

IPPToday #129: Dominion Energy acquires US utility Scana for US$14.6 billion

🕔Jan 5, 2018

Dominion Energy, Inc. and SCANA Corporation have announced an agreement for the companies to combine in a stock-for-stock merger. Including assumption of debt, the value of the transaction is approximately $14.6 billion.

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