July 2000 Pump Industry Analyst

in financing for the Har- ipur Power Project in Bangladesh.

The 360 MW gas-fired combined cycle power plant will be built. owned and operated by AES Bharipur (Private) Limited, a wholly- owned subsidiary of the US-based AES Corporation. The Haripur project should encourage development of further private infrastructure projects in Bangladesh. pro- mote reform and allow the government to conserve limit- ed public resources for other priorities.

The total project coht is 1 estimated at about US$l83 mil-

lion. Equity of about US$68 million will be provided by AES Corporation through its 1 arious subsidiaries.

I EDC PLANS INVESTMENT

I DRIVE Venezuela’s private electric utility Electricidad de Cara- cas is to invest US$1.25 bil- lion in an expansion pro- gramme over the next three years.

US$650 million will be spent on enlarging the genera- tion capacity at three plants in Venezuela. The remaining US$600 million will be spent on distribution. transmission and client services.

ALLIANCE OFFERS

END-TO-END SOLUTION I

Deloitte Consulting and Npower, the integrated UK energy business of National Power plc, have formed a strategic alliance to increase power generators’ profits by reducing costs and improv- ing products/services mar- keting in deregulation-driven competitive markets.

Targeting power genera- tors around the globe, the firms will provide a complete

solution, from strategy to soft- ware, to help companies secure a strategic advantage in the competitive power genera- tion market.

ENTERGY, SHAW JOIN FORCES

Entergy Corporation and The Shaw Group plan to cre- ate Entergy-Shaw, a new company that will provide management, engineering, procurement, construction and commissioning services to build electric power plants.

Entergy-Shaw will capi- valise on the rapidly growing electric power generation mar- ket, providing services for Entergy Wholesale Opera- tions’ (EWO) power develop- ment plans in North America and Europe. The new company will develop a market-driven reference plant design that is expected to reduce power plant capita1 costs significantly, while also cutting construc- tion. commissioning and oper- ating risks.

CEYLON AWARDS CC PLANT

CONTRACT Marubeni and ABB Alstom Power are to build the Kelanitissa Combined Cycle Power Plant for Ceylon Elec- tricity Board (CEB) in Sri Lanka.

The contract. valued at Yl I billion, will be entirely fin- anced with a loan from the Japan Bank for International Cooperation. The power plant will supply 165 MW of elec- tricity, making it the largest power plant in Sri Lanka. and the nation‘s first combined cycle power plant. Marubeni will supply the power plant’s primary facilities such as gas turbine generators and heat recovery steam generator. provide engineering and civil/ installation services. and is committed to complete the

project within 24 months to meet the urgent need for the power plant.

ALLIANCE OFFERS SINGLE

SOURCE FOR EQUIPMENT

The BetzDearborn and Pulp and Paper divisions of Her- cules and Vivendi Water have extended their North America alliance to all other regions of the world.

The companies will coop- erate to sell Vivendi Water’s industrial outsourcing and equipment capabilities and Hercules’ water and process treatment chemicals. The agreement covers the outsourc- ing of equipment, engineering, operations, maintenance and chemical management of industrial water treatment sys- tems on customer sites.

EBRD SUPPORTS TRANSITION

CITIES Over the next two years, the European Bank for Recon- struction and Development (EBRD) aims to increase its annual investments in municipal projects in central and eastern Europe and the Commonwealth of Indepen- dent States (CIS) to up to c350 million.

The municipal and env- ronmental infrastructure sector has become one of the EBRD’s priority areas of investment for advancing transition in the region. Working closely with local and regional authorities committed to reform. the EBRD has so far committed a total of e900 million to ME1 projects in about I25 munici- palities in IS countries. Last year alone the EBRD signed new projects totalling more than ‘Z200 million in this

sector, including operations in Croatia, the Czech Republic, Poland. Russia. Slovenia and Ukraine. In 1999 the EBRD broke new ground by provid- ing financing to municipal water and sewerage com- panies without a full finan- cial guarantee from the municipalities.

PARTNERS SUBMIT

FEASIBILITY STUDY

BASF and China Petroleum & Chemical Corporation (SINOPEC) have submitted a joint feasibility study report on the Integrated Petrochemical Site (IPS) pro- ject in Nanjing.

The project is a SO-50 joint venture by BASE SINOPEC and two of its affiliates with a total investment of US$2.6 bil- lion. The primal-), focus of the project will be to construct and operate a steamcracker with an annual capacity of 600 000 metric tons of ethylene, which will supply several world-scale plants at the site.

A third party will build and operate an independent utility centre to provide power. steam and industrial gases to the site. The partners are hoping to secure approval from the rcle- vant Chinese authorities this year and the commissioning of the plants is scheduled fog 2004/2005.

CHIYODA, MITSUBISHI WIN FEED CONTRACT

Pertamina and Arco have awarded a front-end engi- neering design (FEED) con- tract for the Tdngguh LNG plant to a consortium of Cbiyoda and Mitsubishi.

The LNG plant will be located in Berau Bay in the