Powered by
The European Investment Bank (EIB) has agreed to provide a £700M loan for the £4.2bn Thames Tideway Tunnel in London.The project, dubbed the ‘super sewer’, will help tackle overflows of untreated sewage into the river through the centre of the British capital.The 35-year long-term loan has been agreed with Tideway, the new regulated company established to design, build, commission and maintain the 25km tunnel, which will directly control or intercept discharges from more than 30 combined sewer overflow points stretching from Acton in the west to Stratford in the east.EIB’s vice president Jonathan Taylor said: “The new GBP700M loan for Tideway represents the European Investment Bank’s largest-ever water loan and the most significant support for UK infrastructure since Crossrail.“This demonstrates the EIB’s strong commitment as the largest source of financing for long-term investment in UK water infrastructure since before privatisation and builds on more than £2bn of support for investment to improve London’s water and waste water infrastructure since 1989.“We are pleased to support the construction of the Thames Tideway Tunnel, a world-class engineering scheme, delivering infrastructure vital to clean up the Thames.”
The 402MW Dudgeon Offshore Wind Project has secured £1.3bn of project financing.The wind farm, located 32km from the coast of North Norfolk, UK, is being developed by Statoil (35%), Abu Dhabi-based Masdar (35%), and Statkraft (30%). Allen & Overy, a UK-based law firm, is advising the Mandated Lead Arrangers on the long-term financing, which will fund the capital requirements of the wind farm.Statkraft and Statoil are also participating in the financing through sponsor co-lending, Statkraft will finance its 30% share in the project, while Statoil will finance a share of 17.5%.Chris Andrew, lead Allen & Overy partner on the deal said: “This is a landmark transaction as it’s the first UK offshore wind project to obtain financing under the UK government’s new ‘Contract for Difference’ regime.“Detailed preparatory work meant financing on this project was nevertheless executed very quickly.”
A consortium led by Ferrovial Agroman has been awarded a contract by Iberdrola to construct the Daivoes dam and hydroelectric plant on the Támega River in northern Portugal.Estimated to cost more than €90M, the project will include the construction of a concrete arch-gravity dam 77.5m high and 264m long, together with a power plant housing two turbines with a total installed capacity of 118MW.Under the contract, Ferrovial will also construct a 388m tunnel to divert the river, and a weir 71m long and 10.5m high, located 2.2km downstream of the dam.Work on the project is set to be complete in around 56 months.Daivoes is the first of four main contracts to be awarded by Iberdrola as part of the Támega river hydroelectric project and is the second to be delivered by Ferrovial Agroman for the utility in Portugal.
Wind farm infrastructure and communications delivery specialist Vysiion has secured a contract to support the installation of a 108km fibre link for the £1.3bn Rampion wind farm development.UK-based construction services firm Carillion is serving as the main contractor for the onshore connection, a project that will include the installation of cable over a distance of about 26km from landfall near Shoreham-on-Sea to Bolney, West Sussex.Under the contract, Vysiion will support Carillion’s delivery and will supply splice and test the 108km cable link from the onshore substation at Bolney to the beachhead.The wind farm is expected to provide enough energy to power about 300,000 homes annually, with a target capacity of 400MW. Vysiion infrastructure sales manager Michael Grimshaw said: “The Rampion wind farm project contract is another example of how the team at Vysiion is able to support the infrastructure requirements of the UK’s wind power industry.“Throughout the UK and on a number of on-going wind farm developments Vysiion’s fibre, communications and infrastructure expertise is proving to be both an additive and assured element of the construction.”
UK-based oil and gas services company Wood Group has won two new contracts, worth more than $140M, to provide technical services and expertise to an oil firm in Iraq.Under the three-year contracts, Wood Group PSN (WGPSN) — one of the group’s three businesses — will offer brownfield front-end engineering design, detailed engineering, project management, procurement services, system completion and commissioning support for operations and start-up on a significant onshore asset in southern Iraq.Both contracts, set to create over 100 new jobs in the region, will be executed from southern Iraq and Dubai, where WGPSN opened an office in 2015. WGPSN's eastern region managing director David Buchan said: “These two significant contract wins demonstrate Wood Group’s commitment to working closely with key clients to extend our operations in Iraq, where we see a growth market that complements our broad service capabilities, international knowledge and strong expertise. “Establishing an office in Dubai and a base in Iraq reflects our intention to build lasting customer relationships and focus on the development of our Iraqi workforce and supply chain partnerships.”
US-based Arrow Capital and the University of Ilorin have finalised arrangements for the construction of a $2.3bn solar power plant at the university in Nigeria.
NextDecade has submitted an application to the US Federal Energy Regulatory Commission (FERC) for authorisation to site, construct and operate the Rio Grande liquefied natural gas (LGN) facility and the Rio Bravo Pipeline system.Rio Grande LNG is a proposed 27Mtpa LNG export facility near Brownsville, Texas and the Rio Bravo Pipeline is a 137-mile pipeline system that will provide the facility with its feed gas. NextDecade said that this action represents the most significant milestone to date in the development of Rio Grande LNG, placing the project in an excellent position to sign offtake agreements and declare Final Investment Decision (FID) in 2017.The project is expected to create between 4,000–6,000 construction jobs, and over 200 permanent jobs, representing a potential investment of up to $20bn.NextDecade’s CEO Kathleen Eisbrenner said: “After a productive pre-filing with the FERC and extensive consultation and cooperation with the reviewing agencies and local communities, we are proud to have achieved this major accomplishment.“Despite recent low oil and gas prices, we have found robust appetite for US LNG on a long-term basis all around the world. This interest reaffirms the price competitiveness of US LNG for customers looking to diversify their gas supply on a global level.”The FERC approval is expected to be received by the end of the first quarter of 2017 and the company expects to begin exporting LNG from Rio Grande LNG by the end of 2020.
Fortum Värme has opened its new biomass-fired combined heat and power plant (CHP) in Värtan, Stockholm.The company, owned by Fortum and the city of Stockholm, will use forest residues and wood waste to produce district heat for nearly 200,000 households, requiring about 12,000 cb m of wood chips per day.The €500M project, launched in 2013, will eliminate 126,000t of emissions annually in the Stockholm area.Fortum’s president and CEO Pekka Lundmark said: “High emissions and low efficiency of heating, cooling and electricity production are typical problems in growing urban areas.“Together with the city of Stockholm, we are taking steps towards a circular economy by utilising biomass, waste and recovered heat from data centres in energy production.“Biomass is a renewable, largely local and carbon-neutral energy source. Its use increases the share of domestic energy resources particularly in Northern Europe, and it is an important building block of a sustainable energy system and bio economy.”
US-based KP Engineering has won a $100M contract from Targa Terminals, a subsidiary of Targa Resources, to build a 35,000 bpd crude and condensate splitter and an associated tank farm in Texas.The project is a result of more than two years of process study and project development work and will be located at Targa’s storage and marine terminal facility in Channelview.KP Engineering chairman and CEO Brandon Steele said: “We are very blessed to continue to win major projects, such as this opportunity to execute another midstream project for Targa — one of our most valued clients — and we are humbled that they selected us for this job.“We are able to maintain our competitive edge and create exceptional value because we employ some of the finest professionals in our industry. Their character, honor and work ethic is what makes our company great and allows KPE to deliver cost effective, quality EPC solutions.”
Spanish-based company Acciona Agua has completed construction and announced the opening of the wastewater treatment plant and underwater outlet of La Chira in Lima, Peru.The €97M project will treat the wastewater of about 3M people, representing around one-third of the population of Peru’s capital city.The plant features an advanced system to neutralise bad odours through biological bacterial treatment, reducing the atmospheric pollution created by the traditional use of chemicals in this kind of process. The plant is to be operated under a 25-year concession by a joint venture led by Acciona Agua and Graña y Montero.
Mainstream Renewable Power has received an approval from the Service of Environmental Assessment for its 264MW Cerro Tigre wind farm in Chile.Located close to the town of Antofagasta in north Chile, the $630M project will include 80 wind turbines in an area of 1,131ha and will be connected to the northern grid. Mainstream Renewable Power Chile’s CEO Bart Doyle said: “This work will contribute to the development of a diversified, clean and reliable energy mix which will provide an efficient solution to the country and the people of this region.“We are a company that develops its own projects and we are always looking for new opportunities for solar and wind energy developments, and the region of Antofagasta has important attributes that enable this.”The company will also commence construction of two wind farms in Chile: the Sarco wind farm which is located in Atacama, and the Aurora wind farm, located in the region of Los Lagos.With a combined generation capacity of 300MW, the two wind farms will provide power to the Central Interconnected System.
Enel Green Power North America (EGPNA), a subsidiary of Enel, has begun construction on the $290M Aurora solar project in Minnesota. Aurora will feature 16 PV plants with a total installed capacity of 150MWdc and will be able to generate more than 210m kWh per annum, which is equivalent to the energy consumption needs of over 17,000 US households. It will also eliminate over 150,000t of CO2 emissions into the atmosphere each year. EGPNA’s CEO Rafael Gonzalez said: "The Aurora project marks a significant step forward in the growth of our solar portfolio“By maximising the distributed solar model, Aurora highlights how innovation and design are driving the future of renewables, while providing communities with access to energy that delivers both the biggest possible environmental benefits and the most economic value.”Construction work is set to create 400 jobs at its peak, and all 16 sites are expected to be operational by the end of 2016.
TransCanada has received the final permits from the BC Oil and Gas Commission for the Coastal GasLink Pipeline Project in Canada. The pipeline will be connected to the proposed LNG Canada natural gas liquefaction and export facility near Kitimat, British Columbia. Estimated to cost about $4.8bn, the project will create about 2,000-2,500 jobs during construction.TransCanada’s president and CEO Russ Girling said: "This is a significant regulatory milestone for our project, which is a key component of TransCanada's growth plan that includes more than $13bn in proposed natural gas pipeline projects which support the emerging liquefied natural gas industry on the British Columbia Coast."A final investment decision by LGN Canada and partners is expected in late 2016 and if the project is set to proceed, construction work will begin in 2017.
India-based Reliance Power has secured approval from the government of Bangladesh to develop a $1.3bn liquefied natural gas (LGN) power project.
Saipem and consortium partners Bos Shelf and Star Gulf have secured the $1.3bn contract for Stage 2 of the Shah Deniz natural gas project in Azerbaijan. The Shah Deniz field is located 90km offshore Azerbaijan, in water depths from 75-550m.The five-year scope of work will include the transport and installation of subsea production systems and subsea structures, and the installation of fibre optic cables and production umbilicals.It will also involve the installation of 90km of pipelines, the activation, crewing and operations management of the new-build subsea construction vessel (SCV) Khankendi.Saipem’s CEO Stefano Cao said: “We are delighted to have secured this major award, which enables us to continue and consolidate our 20-year relationship with BP and Socar in Azerbaijan and to put our world-class people and technologies at their disposal for the timely and efficient delivery of Shah Deniz Stage 2. “This award also further strengthens Saipem’s key role in the construction of the Southern Gas Corridor where the company has a total of four contracts, in the upstream segment and in gas transportation infrastructure both onshore and offshore.”
Scottish Water has commenced construction of phase one of a £120m project to upgrade the drinking water network in Ayrshire and parts of East Renfrewshire in Scotland. The water main’s route begins at Waulkmill Glen reservoir near Newton Mearns in the north and goes south via Drumboy Hill to Amlaird Water Treatment Works near Fenwick, with branches to the South Moorhouse and Corsehouse water treatment works.Preparatory works on the 13-mile long strategic water main have been carried out and the firm has now started work to install the pipes.Stewart Davis, Scottish Water programme manager, said: “This is a major piece of work on the first phase of Scottish Water’s overall investment in improvements to connect the system in Ayrshire with the Greater Glasgow area’s network.“We have worked closely with many different stakeholders, including landowners and statutory bodies, and we would like to thank them for their help and co-operation which has enabled us to complete the preparatory work and now move on to the construction phase.“This involves installing a new water main from Waulkmill Glen reservoir to the Fenwick Waterside area, which we estimate will be completed this autumn.”
Israel-based construction firm Shikun & Binui has selected the Noy Fund and the TSK Group to build the Ashalim thermo-solar power plant in Israel. Noy Fund and the TSK Group will replace Abengoa as constructors of the solar power plant. However, Abengoa will continue to serve as one of the project's sub-contractors in a limited capacity.The plant is expected to generate 110MW of power that will be sold to the Israel Electric Company under a 25-year deal, beginning once the plant becomes operational.Some of the world’s most advanced technologies will be used in the power plant, including an energy storage facility that will enable electricity production to continue uninterruptedly, even during cloudy days and at night time.During the construction phase, the project will employ hundreds of engineers, technicians, construction workers and service providers.The project, estimated to cost $1.1bn, will continue to move forward in line with its original timetable with completion expected in 2018.
Clean energy company Invenergy has broken ground on the $1.2bn Lackawanna Energy Center (LEC) in Jessup, Pennsylvania. The environmentally-friendly facility is being built on a site that is located on the far side of the highway and set behind a tree line, minimising visibility and noise.LEC will be equipped with GE's latest technology, and will generate fewer emissions due to the high-efficiency combustion turbines. The combined-cycle facility will maximize the usage of the heat from natural gas as fuel, increasing efficiency.Kiewit Power Constructors has secured the construction contract for the 1,500MW power plant, which will employ up to 800 construction workers during the construction peak. The energy centre is expected to be operational in 2018 and will then create 30 full-time jobs.
E.ON has entered into an equal stake partnership with Norwegian energy firm Statoil to build the €1.2bn Arkona offshore wind farm.
Atlantis has entered into an agreement with privately-owned international marine, subsea and renewable energy developer SBS to establish a joint venture to develop a 150MW tidal stream site in Indonesia.SBS has been studying the potential of ocean energy resources for tidal stream devices around the Indonesian archipelago since 2013. The project will now be implemented as SBS has completed the feasibility study. The project will be supported by a 25-year power purchase agreement with the state-owned electricity company, Perusahaan Listrik Negara (PLN).Atlantis CEO Tim Cornelius said: "The Indonesian archipelago of over 17,000 islands represents an extremely promising tidal stream resource. We are looking forward to working with SBS on this exciting project that offers the potential to provide highly predictable tidal stream power generation to the people of Indonesia."This also represents an opportunity for us to demonstrate our industry-leading tidal energy technology in a range of tidal conditions and export some of the intellectual property we have created through the development of the MeyGen project from Scotland to other parts of the world."The total cost of the project has been estimated at $750m and will be constructed over a number of stages.
With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY
World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2022 GlobalData. All rights reserved. 
