[BETA] Fortnightly

American International Partners, L.C. will conduct a feasibility study for a 100-Mw, coal-fired power plant in the northern border region of Vietnam. The proposed project is estimated at $150 million, which includes expansion of a coal mine on the site and development of a limestone mine. The project would be developed jointly with The Vietnam National Coal Corp. The two companies have signed a letter of intent to develop a second plant in the Bac Thai province, 70 kilometers from Hanoi.

CalEnergy Co., Inc. received $120 million in financing for the first unit of an Indonesian geothermal project. The 55-Mw project marks the first phase of a 1,000-Mw development under contract. The first unit was expected to begin operating by late 1997. CalEnergy and its partner, Kiewit Energy Co., each will own a 47% interest in the project.

A $150-million, combined-cycle power plant will be built in Barry, South Wales, by TBV Power and wholly owned by a subsidiary of AES Electric, which is owned by AES Corp. The electricity from the 230-Mw plant will be sold into the U.K.'s National Electricity Pool. The plant should be operating by June 1998.

AES also recently announced the funding of a joint venture to build, own, and operate a 42-Mw gas turbine facility in the Sichuan province of China. AES China Generating Co., Ltd. committed $18 million to the project, being built with three Chinese companies. The AES subsidiary will own a 35% share.

Salt River Project (SRP), Tenaska Power Services Co., and Powerex have formed a power-marketing alliance to provide year-round, long-term wholesale electric power to western North American markets. SRP will make 300 Mw of wholesale power available October through May; Powerex will make 300 Mw available during spring and summer. Tenaska will build or acquire up to 300 Mw for sale year-round and also provide fuel and management services.

Pending approval from the Ohio Public Utilities Commission, East Ohio Gas expects to offer open-access service by mid-1997. The utility's customers could buy natural gas from a variety of suppliers. The gas would be distributed via East Ohio's system. The company claims the program would be the nation's largest, as East Ohio serves more than 1.1 million customers.

XENERGY, Inc. filed with the Federal Energy Regulatory Commission for a power-marketing license. If the license is approved, the company will have more leeway to participate in wholesale power transactions.t

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