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Enron wins South American power bid
October 19t,7
Pacific International Esters, will be on a 50150 basis. The first unit will be a flexible esterification plant producing up to 50 000 tonnes of ethyl or butyl acetate per year, which will be onstream by late 1998. The process uses acetic acid, which will be supplied from a new plant in Malaysia due onstream in 1999 in which BP has a 70 per cent interest, and ethanol and butanol feedstocks sourced from within the region. The plant will be designed with a production capacity of up to 120 000 tonnes each year, from 2000 onwards. Ethylene will be supplied from the nearby Chandra Asri Petrochemical Centre. In addition, a feasibility study is also being undertaken lor a third plant with an annual capacity of up to 25000 tonnes of synthetic ethanoh This prodact will be targeted to supply those customers in the pharmaceutical and speciality end of the market who require high purity product.
NESTE SELLS 50 PER CENT HOLDING IN BOREALIS Finnish oil company Neste OY has signed a letter of intent covering the disposal of its 50 per cent interest in the Copenhagen-based Borealis petrochemicals group. The buyms are Austrian oil and gas company OMV and the International Petroleum Investment Compan},, which handles Abu Dhabi's foreign investments in the oil and petrochemicals sector. Due to take effect from the New Year. the sale calls for each of these two companies to take hall of Neste's holding in Borealis. Statoil will retain its 50 per cent of the group. At the same time, Borealis has signed a letter of intent on the acquisition of Austrian polyolefin producer Petrochemic Danubia (PCD), currently a subsidiary of OMV
Filtration Industry Analyst
ABB, K V A E R N E R TO U P G R A D E PERUVIAN HYDRO FACILITY A unit ofABB Inc will participate in a US$3.5 million contract to increase the output at Peru's Carhauquero hydroelectric plant by 12 MW. ABB's share of the project is approximately US$2 million. The contract has been awarded to ABB Power Generation lnc's Hydro Power business and to Kvaerner Hydro Power lnc, San Francisco, California, by EGENOR SA, a recently privatised subsidiary of Peru's government-owned utility, EIectroperu. Under the terms of the agreement, ABB will mcrease the installed capacity of the plant from 75 to 87 MW. This deal follows a US$56 million retrofit/expansion contract awarded by EGENOR to Asea Brown Boveri SA ol Lima, Peru in June. Under that contract, a consortium that includes ABB Hydro Power and Kwmrner will increase EGENOR's Caqsn del Pato facility by 9() MW.
ENRON WINS SOUTH AMERICAN POWER BID A consortium of two indirect subsidiaries of Enron International Inc, a subsidiary of Enron Corp, is to provide 1000 MW of electricity to be transported from Argentina to Brazil under a 20-year power purchase agreement (PPA) with the Brazilian regional utilities, Eletrosul and Fnrnas.
sion station to allow the two countries' power grids to be connected for the first time. Enron's other activities in the region include equity participation in the Bolivia to Brazil pipeline, ownership and operation of Bolivia's Transredes natural gas transportation system, and ownership and operation of a recently awarded 480 MW natural gas-fired power plant to be constructed in the Brazilian state of Mato Grosso.
TENASKA BUYS MAJORITY INTEREST IN HIDROELECTRICA BOLIVIANA Tenaska International LLC has acquired a 75 per cent interest in Hidroelectrica Boliviana SA, a hydroelectric generating company which is developing 77.1 MW of electricity generation on the Taquesi River in Bolivia. Tenaska International is an affiliate of Tenaska lnc, an energy development company headquartered m Omaha, Nebraska, USA. Hidroelectrica currently owns and operates a 2.1 MW hydroelectric plant and will construct three additional 25 MW plants to be commercial in 20(X). Hidroelectrica's remaining 25 per cent interest is owned by' International Mining Company SA and Hydro Power SRL.
lEA COUNTRIES STRENGTHEN RENEWABLE ENERGY POLICIES
According to the recently published study Renewable Energy Policies in lEA Countries: Volume 1, Overview, most IEA countries have With a bid of US$27.50 per strengthened their support megawatt hour, power delivery for renewable energy use in is expected by the fourth quarter recent years. of 1999. Enron's bid includes the construction of electric transmission lines and a conver-
These actions grow out of increasing concerns over global warming and local pollution,
combined with a growing appreciation of other benefits from 1 the use of renewables. The report provides a c o m p r e h e n s i v e overview of these pohcies, an assessmenl ol their effectiveness and a statistical overview of the status of renewable energy m lEA Member countries. The costs of renev, able energy systems are generally higher than those of competing energy sources. Although these costs have fallen recently, they will have to fall still more if renewable energy forms are to become fully competitive with other energy sources. Government actions to help renewables therefore remain important. Premium rates tor electricity generated by renewable means, especially when guaranteed over a number of years, have resulted in rapid increases in its use. However. the aim of these and other economic incentives should be to improve the competitivenes~ oI renewables rather than merely to increase their u~,e.
NEW UK GAS-FIRED POWER PLANT PLANNEI) Entergy, a 1N-based global energy company, is to build a 740 MW gas-fired power station in Southeast England. Construclion is scheduled to start m April 1098.The power plant, to be known as l)amhead ('reek. wi]l use state-~ff-the-art combined ~yclc gas turbine technolog!e. ']"he plant will be Enlergy's third major presence in the [inited Kingdom electricily market It ~ill operate as a merchant plant and be built on a 40-acre site on the Thames estuary some 30 miles from London. Enterg!~, which is headquartered m New Orleans~ Louisiana, USA. owns London Electricity, the electricity distribution company serving two million cuslmners in England. In addition. Entergy is constructing Saltend, ti~e 12(X)
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Pacific International Esters, will be on a 50150 basis. The first unit will be a flexible esterification plant producing up to 50 000 tonnes of ethyl or butyl acetate per year, which will be onstream by late 1998. The process uses acetic acid, which will be supplied from a new plant in Malaysia due onstream in 1999 in which BP has a 70 per cent interest, and ethanol and butanol feedstocks sourced from within the region. The plant will be designed with a production capacity of up to 120 000 tonnes each year, from 2000 onwards. Ethylene will be supplied from the nearby Chandra Asri Petrochemical Centre. In addition, a feasibility study is also being undertaken lor a third plant with an annual capacity of up to 25000 tonnes of synthetic ethanoh This prodact will be targeted to supply those customers in the pharmaceutical and speciality end of the market who require high purity product.
NESTE SELLS 50 PER CENT HOLDING IN BOREALIS Finnish oil company Neste OY has signed a letter of intent covering the disposal of its 50 per cent interest in the Copenhagen-based Borealis petrochemicals group. The buyms are Austrian oil and gas company OMV and the International Petroleum Investment Compan},, which handles Abu Dhabi's foreign investments in the oil and petrochemicals sector. Due to take effect from the New Year. the sale calls for each of these two companies to take hall of Neste's holding in Borealis. Statoil will retain its 50 per cent of the group. At the same time, Borealis has signed a letter of intent on the acquisition of Austrian polyolefin producer Petrochemic Danubia (PCD), currently a subsidiary of OMV
Filtration Industry Analyst
ABB, K V A E R N E R TO U P G R A D E PERUVIAN HYDRO FACILITY A unit ofABB Inc will participate in a US$3.5 million contract to increase the output at Peru's Carhauquero hydroelectric plant by 12 MW. ABB's share of the project is approximately US$2 million. The contract has been awarded to ABB Power Generation lnc's Hydro Power business and to Kvaerner Hydro Power lnc, San Francisco, California, by EGENOR SA, a recently privatised subsidiary of Peru's government-owned utility, EIectroperu. Under the terms of the agreement, ABB will mcrease the installed capacity of the plant from 75 to 87 MW. This deal follows a US$56 million retrofit/expansion contract awarded by EGENOR to Asea Brown Boveri SA ol Lima, Peru in June. Under that contract, a consortium that includes ABB Hydro Power and Kwmrner will increase EGENOR's Caqsn del Pato facility by 9() MW.
ENRON WINS SOUTH AMERICAN POWER BID A consortium of two indirect subsidiaries of Enron International Inc, a subsidiary of Enron Corp, is to provide 1000 MW of electricity to be transported from Argentina to Brazil under a 20-year power purchase agreement (PPA) with the Brazilian regional utilities, Eletrosul and Fnrnas.
sion station to allow the two countries' power grids to be connected for the first time. Enron's other activities in the region include equity participation in the Bolivia to Brazil pipeline, ownership and operation of Bolivia's Transredes natural gas transportation system, and ownership and operation of a recently awarded 480 MW natural gas-fired power plant to be constructed in the Brazilian state of Mato Grosso.
TENASKA BUYS MAJORITY INTEREST IN HIDROELECTRICA BOLIVIANA Tenaska International LLC has acquired a 75 per cent interest in Hidroelectrica Boliviana SA, a hydroelectric generating company which is developing 77.1 MW of electricity generation on the Taquesi River in Bolivia. Tenaska International is an affiliate of Tenaska lnc, an energy development company headquartered m Omaha, Nebraska, USA. Hidroelectrica currently owns and operates a 2.1 MW hydroelectric plant and will construct three additional 25 MW plants to be commercial in 20(X). Hidroelectrica's remaining 25 per cent interest is owned by' International Mining Company SA and Hydro Power SRL.
lEA COUNTRIES STRENGTHEN RENEWABLE ENERGY POLICIES
According to the recently published study Renewable Energy Policies in lEA Countries: Volume 1, Overview, most IEA countries have With a bid of US$27.50 per strengthened their support megawatt hour, power delivery for renewable energy use in is expected by the fourth quarter recent years. of 1999. Enron's bid includes the construction of electric transmission lines and a conver-
These actions grow out of increasing concerns over global warming and local pollution,
combined with a growing appreciation of other benefits from 1 the use of renewables. The report provides a c o m p r e h e n s i v e overview of these pohcies, an assessmenl ol their effectiveness and a statistical overview of the status of renewable energy m lEA Member countries. The costs of renev, able energy systems are generally higher than those of competing energy sources. Although these costs have fallen recently, they will have to fall still more if renewable energy forms are to become fully competitive with other energy sources. Government actions to help renewables therefore remain important. Premium rates tor electricity generated by renewable means, especially when guaranteed over a number of years, have resulted in rapid increases in its use. However. the aim of these and other economic incentives should be to improve the competitivenes~ oI renewables rather than merely to increase their u~,e.
NEW UK GAS-FIRED POWER PLANT PLANNEI) Entergy, a 1N-based global energy company, is to build a 740 MW gas-fired power station in Southeast England. Construclion is scheduled to start m April 1098.The power plant, to be known as l)amhead ('reek. wi]l use state-~ff-the-art combined ~yclc gas turbine technolog!e. ']"he plant will be Enlergy's third major presence in the [inited Kingdom electricily market It ~ill operate as a merchant plant and be built on a 40-acre site on the Thames estuary some 30 miles from London. Enterg!~, which is headquartered m New Orleans~ Louisiana, USA. owns London Electricity, the electricity distribution company serving two million cuslmners in England. In addition. Entergy is constructing Saltend, ti~e 12(X)
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