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EPCNEWS ROUND-UP more news at www.heavyliftpfi.com


EPC BRIEFING Tata in Georgia


Tata Power India – through its subsidiary Tata Power International – has signed a USD700 million contract with Norway’s Clean Energy Invest and IFC InfraVentures to develop hydroelectric power projects in the Central Eurasian republic of Georgia.


Ulyanovsk reactor Russia based JSC AKME- Engineering has received a licence from Russian regulator the Federal Service for Ecological, Technological and Nuclear Supervision, to build a pilot SVBR-100 reactor at Dimitrovgrad, Ulyanovsk, Russia.


Loan for Polish turbine The European Investment Bank (EIB) is providing a EUR140 million (USD182 million) loan to Poland based Elektrocieplownia Stalowa Wola for the construction of a 450 MW combined cycle gas turbine power station in the southeast of the country.


Project numbers slide despite spike in total value of deals


he total value of global investment in infrastructural projects saw year-on-year growth of 30 percent for the first six months of 2013 despite the continued slide in the number of closed deals to just 200, new research by leading trade publication Infrastructure Journal has revealed.


T


The number of deals on the table has reduced by nearly a third since 2010, when 291 deals were closed in the first half of the year. However, two multibillion dollar transactions representing around 25 percent of the global project finance market volume pushed the value of deals to


rail expansion The European Investment Bank (EIB) is to provide EUR200 million (USD260.7million) in finance to Turkish State railways for the upgrading of the country’s


EIB funds Turkish


USD139 billion for the first half of this year. These are the USD20 billion INPEX Corporation-led Ichthys LNG project off Western Australia (pictured) and the USD17.2 billion Sadara Petrochemical Complex at Jubail Industrial City in Saudi Arabia’s Eastern Province.


main transport corridor between Ankara and Istanbul. EIB has pledged a total of EUR1.5 billion (USD1.96 billion) for this high-speed railway line.


Saudi deal Saudi Basic Industries Corp (SABIC) has awarded Spanish firm Dragados a UD387 million contract to design and build a new plant for the production of polyacetal, a plastic used mainly in the car industry. Dragados will start engineering at a site in Jubail, Saudi Arabia, in August 2013.


Dragados wins Toshiba sees


EPC deal for an 80.9 MW photovoltaic plant in central Japan, its biggest solar order to date. In a project being led by Japanese industrial giant Mitsubishi, the Toshiba group company will build and test the facility, which is scheduled to start operations in March 2015.


the sunny side Toshiba Plant Systems & Services has won a USD200.5 million


Tenders and contracts are the lifeblood for companies on the supply side of the project cargo market.


That is why HLPFI has


introduced a section dedicated to news of recent contract awards. Advertising against this section would show our


52 July/August 2013


India at No 1 Alstom Grid, the transmission business arm of French EPC major Alstom, sees its India business playing a bigger role as it taps the country’s manufacturing capacity and manpower. Besides building its India listed Alstom T&D India division as a manufacturing hub, the company is assigning Indian executives to key roles.


Alstom forecasts Connecting the right markets


readers from the demand side just how committed you are to meeting their needs. Don’t miss out, contact us today to discuss the opportunities: ian@heavyliftpfi.com or on +44 (0) 1689 860660. www.heavyliftpfi.com


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