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.