Blog

According to the Polish Ministry of Energy, Poland may require around US$30bn (€27bn) from foreign investors by 2040 to finance the construction of its first nuclear power plant. The country, which currently relies on coal for most of its power generation, adopted in 2014 the Polish Nuclear Power Programme (PPEJ) that foresees the construction of two nuclear power plants of 3,000 MW each (to be commissioned in 2029 and 2035). According to the draft energy policy until 2040, one 1-1.5 GW nuclear power project could start commercial operations in 2033. Five additional nuclear power plants (6 to 9 GW) could be launched every two year by 2043.

The Polish government is now working on financing the project. Total investment is estimated at US$60bn (€54bn). Poland has signed a Memorandum of Understanding (MoU) with the United States on energy cooperation including nuclear. Other foreign partners might be involved in financing the project.

Engie has presented results for its new Renewables Global Business Line and announced that it had installed 1.3 GW of renewable power capacity in the first half of 2019. Engie also has 7.2 GW under construction or secured at the end of June 2019, reducing the gap with the target of 9 GW of renewable capacity by 2021 to 0.5 GW.

Total has signed an agreement with Petrogas NEO UK, the exploration and production subsidiary of MB Holding (Oman), for the sale of several non-core oil assets in the North Sea in the United Kingdom for US$635m.

Petrobras has signed an agreement with the Administrative Council for Economic Defense (Cade) of Brazil, under the terms of which the Brazilian oil and gas company committs to sell stakes in gas transmission assets: a 10% stake in Nova Transportadora do Sudeste (NTS), a 10% stake in Transportadora Associada de Gás (TAG), a 51% stake in Transportadora Brasileira Gasoduto Bolívia-Brasil (TBG) and in…

The Moroccan Sustainable Energy Agency (Masen) has opened the first stage in a tender process to build, operate and maintain Noor Midelt 2, a 230 MW solar power project near Midelt in the Atlas mountains.

The federal Ministry of Environment of Germany has presented a programme for the use of electricity-based energies (Power-to-X or PtX), which would be important to accelerate the decarbonation of the German economy. Renewable electricity can be used directly for power generation, for transports or for industry.

The National Grid Corporation of the Philippines (NGCP) plans to invest PHP 17.9bn (nearly US$350m) in the development of a 500 KV transmission network in Western Luzon (Philippines).

Siemens has received a €280m (US$315m) order from CITIC Construction to supply gas turbines for the 840 MW Maisan gas-fired CCGT power project in Iraq. CITIC is responsible for the engineering, procurement, and construction (EPC) of the project, which is developed by MPC, part of Raban Al-Safina for Energy Projects (RASEP).