Egypt has agreed to supply Lebanon with electricity and natural gas to help alleviate the country’s chronic energy shortage.
Fouad Siniora, Lebanon’s prime minister, after signing a deal with Egyptian president Hosni Mubarak said that his country would draw 200 MW of electricity from Egypt, starting within months. The power will be delivered to Lebanon through the linked grids of Jordan and Syria.
Qatar’s Ras Laffan C financing deal closes
GDF SUEZ Energy International, in a consortium with Mitsui, Shikoku Electric Power Company and Chubu Electric Power Company, and its partners Qatar Electricity and Water and Qatar Petroleum have completed the limited-recourse financing of the Ras Laffan C power and water desalination project.
Japan Bank for International Cooperation, Export Development Canada, Islamic Development Bank and a syndicate of 21 international and regional banks are providing the $3.25bn loans.
The total investment cost is expected to be over $3.8bn.
With a capacity of 2730 MW and more than 286 000 m3 desalinated water per day, Ras Laffan C will be the largest power and water plant in the country.
The electricity and water will be sold through a 25-year Power and Water Purchase Agreement with Qatar General Electricity and Water Corporation. Ras Laffan C should be operational by April 2011 with an early power and water phase by May 2010.
Quest Energy to build Iranian power plant
UAE-based Quest Energy and an Iran’s Mapna Group are developing a project to build 1000 MW power plant in southern Iran.
Mapna Group is participating in the project to set up the open cycle gas powered power plant in Shiraz, which is due to be financed by Dubai Islamic Bank, MEED reported.
An official at Quest Energy Middle East Limited said that the company was involved in the project, but said he could not immediately provide further details.
MEED reported that Dubai Islamic Bank officials could not be immediately reached for comment.
The power-purchase agreement is expected to be signed by the two developers and the state-owned Iran Power Generation Transmission & Distribution Company (Tavanir) to provide them with gas under a long-term energy conversion agreement.
POWER-GEN Middle East 2009 given royal Bahraini blessing
POWER-GEN Middle East, the region’s premier conference and exhibition for the power and water industries, has received the gracious Patronage of H.H. Shaikh Khalifa Bin Salman Al Khalifa, prime minister of the Kingdom of Bahrain, along with the full support of the Electricity and Water Authority of Bahrain for the 17-19 February, 2009 event.
The theme is ‘Keeping Pace with the Middle East’s Economic Expansion’ and the event aims to discuss how the Middle East can plan and meet the power and water demands of the future, in a region that is experiencing growth at an extraordinary rate.
With more than 120 anticipated exhibitors and 3000 expected visitors from 50 countries, POWER-GEN Middle East is an important annual meeting place for international power and water executives in the Middle East and North Africa region.
Italy sees Tunisia power plant tender in September
Companies will be invited in September to bid for a contract to build a €2bn ($3.09bn) power station in Tunisia.
The plant will export electricity to Italy.
Tunisia and Italy signed a deal in June last year to build a 1200 MW combined-cycle gas plant in the eastern Tunisian town of El Haouaria but the project has been slow to start.
“We are planning to launch a tender to build a €2bn power plant in September 2008,” Italian Economic Development Minister Claudio Scajola said during a visit to Tunisia.
“A joint company will be set up at the start of November to carry out studies for the power station’s construction,” he said. The tender will be finalized before 10 November.
Bids for Jordan’s first operational wind power plant received
Bids for Jordan’s first operational wind power plant have been received, representing the first in a series of steps projected to speed up the utilization of wind power in the country, according to the Energy Ministry.
Companies from Germany, Spain, Greece, Italy, Denmark, Russia and the UAE submitted bids for the 40 MW plant, which is to be established in Kamsheh near Jerash, said Ziad Jibril, head of the ministry’s Renewable Energy Directorate.
Feasibility studies are currently being carried out for the establishment of a 200 MW wind farm in Al Harir, near Tafileh and Al Hussein University area in Maan, where the ministry hopes to establish a 150 MW plant.
Previously, the only wind projects in the Kingdom were two pilot wind farms operated by the Central Electric Power Generation Company in the north of the Kingdom, a 320 kW in Ibrahimiya, established in 1988, and a 1.2 MW plant in Hofa.