The parties celebrated the combined cycle commissioning and the start of operations at the Beni Suef, Burullus and New Capital power plants. The stations will add a total of 14.4 gigawatts (GW) of power generation capacity to Egypt’s national grid, enough power to supply up to 40 million people with reliable electricity.Beni Suef power plant. (Photo: Siemens)With this milestone, Egypt and Siemens have set a new world record for execution of modern, fast-track power projects, delivering 14.4 GW of power in only 27.5 months. A single combined cycle power plant block with a capacity of 1,200 megawatts typically takes approximately 30 months for construction. For the Egypt Megaproject Siemens in parallel built twelve of these blocks in record time and connected them to the grid.“The record-breaking completion of our Megaproject in Egypt will not only transform the power landscape in Egypt, but will also serve as a blueprint for building up power infrastructure in the … [Read more...] about Completion of world’s largest combined cycle power plants in record…
Capital power
Completion of world’s largest combined cycle power plants in record time
Enough power to meet the electricity needs of up to 40 million people and helping the country save over $1 billion annually on fuel costs. In collaboration with the Egyptian Ministry of Electricity and Renewable Energy, Siemens and its consortium partners, Orascom Construction and Elsewedy Electric, announced today the completion of the Egypt Megaproject in record time. The parties celebrated the combined cycle commissioning and the start of operations at the Beni Suef Beni Suef power plant , Burullus and New Capital power plants. The stations will add a total of 14.4 gigawatts (GW) of power generation capacity to Egypt’s national grid, enough power to supply up to 40 million people with reliable electricity. With this milestone, Egypt and Siemens have set a new world record for execution of modern, fast-track power projects, delivering 14.4 GW of power in only 27.5 months. A single combined cycle power plant block with a capacity of 1,200 megawatts typically takes … [Read more...] about Completion of world’s largest combined cycle power plants in record time
‘Power of the Arm’ wins Silver Lion Award at Int’l Circus Festival
(Cinet)- “Suc manh doi tay” (Power of the Arm) performed by circus artists Giang Quoc Co and Giang Quoc Nghiep of Ho Chi Minh City Circus Troupe won the Silver Lion award on Oct.31 at the 13th Int’l Circus Festival in Hebei Province in China. The Circus Festival in China attracted artists from the US, Canada, Russia, France, Belarus, Mongolia, Germany, Spain, Brazil, Bulgaria, Ukraine, Sweden, Australia, the Democratic People's Republic of Korea, Vietnam and China. Circus performance, namely Power of the Arm, from Vietnam won the silver prize at the 13th China Wuqiao International Circus Festival in Shijiazhuang, capital of China’s northern province of Hebei on October 30. Previously, the performance had won three prizes at the13th International Circus Festival in Italy from October 13-17, which included a silver medal and two minor titles awarded by the world’s leading circus groups, Monte Carlo Circus and Cirque du Soleil. The ‘Power … [Read more...] about ‘Power of the Arm’ wins Silver Lion Award at Int’l Circus Festival
Bến Tre approves Nexif Energy’s wind power project
The project, located in Thanh Hải Commune, Thạnh Phú District, has total investment of VNĐ3.68 trillion (US$160 million).The wind power project will be divided in three phases and is expected to generate 250GWh of clean electricity output per year when completed, enough to power more than 50,000 households.The first phase of the project, with capacity of 30MW, is scheduled to start generating electricity by 2020. The second phase is planned to operate in the fourth quarter of 2020 and the third phase will be started in the third quarter of 2022, Lê Tuấn Kiệt, an officer of the provincial People’s Committee, told Việt Nam News.Currently, Nexif Energy is the major shareholder of the Cốc San Hydropower Project with capacity of 30MW in the northern province of Lào Cai and is developing a renewable energy project with total capacity of 500MW in Việt Nam within the next three years.Nexif Energy was established in August … [Read more...] about Bến Tre approves Nexif Energy’s wind power project
Citibank finances power transmission in Vietnam
Citibank Vietnam has signed a contract to provide USD200 million in funding for the development of Vietnam’s power transmission network. NPT General Director Mr. Nguyen Manh Hung and General Director of Citibank Vietnam Mr. Brett Krause, at the signing ceremony on May 25. This is the first export credit package for Vietnam’s National Power Transmission Corp (NPT).The 13-year loan will be guaranteed by the Vietnamese Ministry of Finance and be insured by Japanese Nippon Export and Investment Insurance (NEXI).The financing will support four NPT power transmission projects, including the 500-kV Vinh Tan-Song May and 500-kV Long Phu-O Mon power lines, and the 220kV/500kV Vinh Tan and 220-kV Nhon Trach transformer stations.These power transmission projects are expected to help transmit electricity from power plants to the national grid, and provide energy to industrial parks in Dong Nai, Binh Duong and Ho Chi Minh … [Read more...] about Citibank finances power transmission in Vietnam
Bank, power company ink cooperation deal
By Thu Thuy - The Saigon Times Daily Under the agreement, VIB will supply credits and arrange loans to meet short and long-term capital demand of the State utility companies and its subsidiaries. VIB will provide cash flow management service for NPC to help the corporation effectively monitor the flow of capital. VIB will also provide the power company and its members with consulting services relating to payment issues. For its part, the power company commits to maintain payment and deposit accounts at the bank as well as open payment accounts for its subsidiaries at the bank to create convenience for VIB carrying out cash flow management service. At the ceremony, VIB also signed an agreement to grant a credit of VND385 billion for the power company and its peer Hai Phong Power Corporation, comprising a credit of VND165 billion for power projects, VND100 billion for telecommunication projects, and VND120 billion of long-term capital for Hai Phong Power Co. … [Read more...] about Bank, power company ink cooperation deal
Trung Nam, Lilama to produce wind power pillars
By Van Nam - The Saigon Times Daily HCMC – Trung Nam Wind Power Joint Stock Company in the central province of Ninh Thuan is cooperating with Lilama 453 Company to build a factory manufacturing pillars for wind power plants in the country. Le Cong Chuan, deputy general director of Trung Nam Group as the parent firm of Trung Nam Wind Power Joint Stock Co., told the Daily on Monday that work would commence on the factory in March next year. The factory will also supply pillars for a wind power project being developed by Trung Nam Wind Power Company in Thuan Bac District of Ninh Thuan Province with total investment capital of some US$500 million. “We expect to start construction of the pillars factory as well as our 200 MW wind power project in the first quarter of next year,” said Chuan. “To enable wind power projects in Vietnam, I think the country must have some factories manufacturing pillars and other mechanical equipment for wind power plants in stead of … [Read more...] about Trung Nam, Lilama to produce wind power pillars
DOJI buys strategic stake in Bamboo Capital
DOJI Group has became a major shareholder and strategic partner of Bamboo Capital after acquiring a 10 per cent stake (10.8 million shares).Pham Minh Tuan, deputy CEO of BCG, said: “DOJI becoming BCG’s strategic partner marks a milestone in co-operation between the two. BCG expects to have opportunities to work with DOJI in the real estate and solar energy sectors, our two main fields, over the next five years.”BCG's real estate projects in Quang Nam and Da Nang will see construction begin in early 2018.Once completed in about 18 months they are expected to generate significant revenues.BCG, which is listed on the HCM City Stock Exchange, is now completing legal procedures for the construction of small and medium-sized solar power plants in Long An, Quang Nam and Dak Lak provinces in the second quarter of 2018.DOJI is well-known for gemstone quarrying and processing, jewellery production, import and export and trading of gold bars, and jewellery store chain.Since 2011 … [Read more...] about DOJI buys strategic stake in Bamboo Capital
Duyen Hai power center seaport project kicks off
Duyen Hai power center seaport project kicks offVan Nam By Van Nam - The Saigon Times daily HCMC – The seaport of the Duyen Hai power center that started construction on Sunday will receive 12 million tons of coal and 100,000 tons of oil annually for the three thermo-power plants in the area, Vietnam Electricity Group (EVN) as project owner said. The seaport will be completed and operational at the end of 2015 to serve the supply of coal and oil for the three Duyen Hai thermo-power plants in the Mekong Delta province of Tra Vinh designed with a combined capacity of 4,400 MW. EVN started work on the Duyen Hai 3 thermo-power plant in December and the group also kicked off construction of the Duyen Hai 1 thermo-power plant in September, 2010. The three thermo-power plants will provide some 25 billion kWh of electricity a year, which is expected to help ensure stable power supply for southern provinces in the near future. The seaport, covering a total 427 hectares, is developed in … [Read more...] about Duyen Hai power center seaport project kicks off
Vietnam’s coal-fired thermal power dependent on China
VietNamNet Bridge - Many of the coal-fired thermal power plants in Vietnam are Chinese invested, developed with Chinese capital and run with Chinese technology.A report from the Green Innovation and Development Centre (GreenID) showed that, as of the end of last year, of 27 coal-fired thermopower plants, 14 had been built by Chinese EPC contractors. The capital for the plants, about $8 billion, or 50 percent of total foreign capital flowing into coal-fired thermal power, is from China. Also according to GreenID, 11 large-scale projects capitalized at billions of dollars and implemented under the BOT mode are Chinese invested. These include the $1.755 billion Vinh Tan 1 plant in Binh Thuan province invested by two Chinese enterprises which hold 95 percent of capital. The capital for the project, $1.4 billion, is provided by five Chinese banks.The Hai Duong plant was initially registered by Jaks Resources Bhd from Malaysia, but it later transferred a 50 percent stake to Chinese … [Read more...] about Vietnam’s coal-fired thermal power dependent on China