Inter RAO gets roughly $230 mln contract to expand TPP in Ecuador
MOSCOW. July 15 (Interfax) - Inter RAO - Export LLC, a wholly owned subsidiary of Russian power monopoly OJSC Inter RAO UES , and the Ecuadorian state power corporation CELEC have inked a contract worth around $230 million for building of a gas-turbine installation and steam turbine at the thermal power plant (TPP) Termogas Machala, a statement from the Russian holding says.
The outcome of this contract's fulfillment will be the first TPP in the South American country operating a combined steam-gas cycle, with installed capacity increasing by 170 MW to 300 MW.
The contract involve the design, delivery, construction, installation, and commissioning of an additional type 6FA gas-turbine installation of General Electric production and a steam turbine with 100 MW capacity, as well as the building of power lines and the turn-key expansion of two existing power stations.
Financing for the project will come from CELEC with the raising from CJSC Roseximbank of an export credit under sovereign guarantees from the republic of Ecuador, the statement says.
Termogas Machala is located in the southwestern part of the country in the province of El Oro seven km from two GE 6FA gas-turbine installations with capacity of 65 MW each.
Inter RAO is already supplying Ecuador with an entire complex of electro-mechanical equipment for the hydropower plant (HPP) Toachi-Pilato n, with capacity of 252 MW.
The general director at Inter RAO - Export, Maxim Sergeyev, who was quoted in the statement, said the company "intends to continue the search for new, mutually beneficial energy projects in Ecuador."