A consortium headed by Korea Electric Power Corporation (Kepco) has signed a $1.43bn deal to build a combined-cycle gas turbine power plant in the United Arab Emirates and sell its electricity for 25 years.
Under the deal with the Abu Dhabi Water & Electricity Authority (ADWEA), the power station will be built in Shuweihat, a city 260 km west of Abu Dhabi, said Kepco.
The 1600 MW plant is scheduled to complete in March 2014. Its construction will be contracted out to Daewoo Engineering & Construction and Siemens.
The consortium, which includes Japanese trading company Sumitomo, will sell electricity from the plant to Abu Dhabi Water and Electricity Co., a wholly owned unit of ADWEA, for 25 years.
Masdar secures $615m finance for 100 MW CSP plant
UAE renewable energy firm Masdar has secured $615m of bank financing for a 100 MW concentrating solar power (CSP) plant, plus $153m equity from its Spanish and French partners.
Total, Abengoa and Abu Dhabi-based Masdar plan to build the $600m Shams 1, which would qualify for carbon credits under the United Nation’s Clean Development Mechanism (CDM). Masdar has a 60 per cent stake in the project, while the European partners each hold 20 per cent. Construction began in the third quarter of 2010 and is expected to take about two years, said Masdar.
Meanwhile, Masdar is expected to invite bids for its next solar project, the 100 MW Noor 1, by early May. Masdar has issued a request for qualification (RFQ) for the photovoltaic project. A request for proposals (RFP) will follow at the end of April or early May. The facility will be tendered as an engineering, procurement and construction project.
RFP issued for Amman East
The National Electric Power Company (NEPCO) of Jordan has issued a request for proposals (RFP) to build the country’s third independent power project (IPP).
The selected developer will build the plant on a build-own-operate (BOO) basis in Amman East. Bidders have been asked for two bids: a base bid for a 300–350 MW plant with a 60 per cent annual capacity factor; and a 200–250 MW peak demand option using diesel engine technology or combustion turbines in simple cycle, with a 40 per cent annual capacity factor. Both options would have heavy fuel oil as main fuel, natural gas as secondary, and light distillate as tertiary fuel.
BHEL to build 400 MW Phase II of Yemen’s Marib gas plant
India’s BHEL is to implement the 400 MW Phase II of the Marib gas fired power plant in Yemen at a total cost of $392.7m.
The project is being funded by the Saudi Fund for Development, the Arab Fund for Economic and Social Development, the Omani government and the Yemeni government.
The project is scheduled to be implemented within 33 months. Phase I of the Marib project was launched in 2009 at a capacity of 260 MW.
Yemen plans to add another 3000 MW of installed capacity within the next five years.
DEWA to invite bids for its first IPP in March
Dubai Electricity and Water Authority (DEWA) has floated a tender for its planned large-scale Hassyan power complex.
“We will float a tender in March and we expect to commission it (the plant) in three years by 2014. There has been good interest shown from local and regional developers,” DEWA’s managing director and CEO, Saeed al-Tayer, told Zawya Dow Jones.
The Hassyan complex will be implemented on an independent power producer (IPP) basis. The project will help DEWA meet rising electricity demand in Dubai and, through the involvement of the private sector, reduce its capital expenditure requirements.
The 1500 MW power station will be built near the Abu Dhabi border and use natural gas as feedstock.
Palestinians propose 600 MW gas fired power plant in Jenin
The Israeli government is considering allowing Palestinian investors to build a $250m gas fired power plant in the Jenin area.
The developers want to buy Israeli natural gas and are in talks with the partners in the Tamar gas field, Noble Energy, Delek Group, Isramco and Alon Natural Gas Exploration, according to Globes.
The Palestine Power Generating Company (PPGC) has a licence from the Palestinian Authority to build and operate a 600 MW power plant in the Jenin area. The power station will initially generate 200 MW.
The project also includes expanding the Palestinian power station in Gaza, and is intended to help the Palestinian Authority meet its own electricity needs, as well as to bring it into the era of natural gas.
MAPNA’s Syria plant due on line in 2011
A 300 MW gas fired power plant built by Iran’s MAPNA International will be commissioned in the second half of 2011.
The €280m ($390m) plant is an expansion of the Jandar plant near Homs. An additional 150 MW unit will be commissioned next year. Syria expects to commission three more plants in the coming years, including a 750 MW plant at Deir Ali built by Metka and Ansaldo Energia.
BHEL expects to add 400 MW at the Tishreen plant in the same year. Metka and Ansaldo will also start building a €670m plant in Deir Ezzor in the first half of 2011, to raise capacity by 750 MW.
Jordan seeks nuclear partner
Jordan Atomic Energy Commission (JAEC) is to issue a request for a strategic partner for its planned nuclear plant, which is expected to cost between $4bn and $5bn.
Khaled Toukan, JAEC’s chairman, said the strategic partner’s stake in the project will range between 50 per cent and 75 per cent.
The signing of the project’s contract is expected to be concluded in 2012. The construction phase would then initiate in 2014 or 2015.The project is scheduled to be completed in 2019, according to Toukan.