Power generation and transmission projects of all types continue to materialise around the world. Herein you will find just a few contract awards and news developments highlighted in recent Capital Projects and Contracts e-newsletters.
France’s Engie has scooped a 30-year concession in a competitive tender launched by Sterlite in Brazil. It will build, operate and maintain a 1,800 km power transmission line, a substation, and expand three additional substations in the north of the country. Engie plans to invest EUR750 mm (USD825.4 mn) to complete the works.
Engie also signed an agreement with EDP Renewables to create a 50-50 joint venture to develop offshore wind projects energy worldwide.
As agreed, EDP and Engie will combine their offshore wind assets and project pipeline, starting with a total of 1.5 GW under construction and 3.7 GW under development. The deal remains subject to regulatory approval.
Meanwhile, MEAG (an asset manager for Munich Re and ERGO) has signed a turnkey construction agreement with OX2 for the Zary wind farm in Poland. The power generation project comprises seven wind turbines and is the first wind power deal for both parties in Poland.
Holger Kerzel, managing director at MEAG, said of the arrangement: “We are very happy to have finalised this transaction, and about the collaboration with OX2. With the power generated by the Zary wind park, we will be able to save 750,000 tonnes of CO2 by 2050.”
In terms of nascent technology, the port of Ostende, DEME Concessions and PMV aim to have a hydrogen plant operational at the Belgian gateway by 2025.
The end product, green hydrogen, can be used as an energy source for electricity, transport, heat and fuel, and as a raw material for industrial purposes.
A general feasibility study continues to be developed and a demonstration project with an electrolyser (around 50 MW) is planned. By 2022, the roll-out of a large-scale, shore-based project running on green hydrogen will start, said the companies involved.
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