Page 14 - AsiaElec Week 43 2022

AsiaElec NEWSBASE’S POWER ROUNDUP GLOBAL (NRG POWER) AsiaElec

NewsBase’s Power Roundup

Global [NRG Power]

POWER WELCOME to NewsBase’s Power Roundup REM: Latin America offshore wind: 34 GW of
Global (NRG Power), in which the reader is installed capacity by 2050
invited to join our team of international editors, Driven by the growth of off-grid green hydro-
who provide a snapshot of some of the key issues gen projects, Latin America will see a sharp
affecting their regional beats. We hope you will like increase in offshore wind projects, with capac-
NRG Power’s new concise format, but by clicking ity reaching 34 GW by 2050, according to new
on the headline link for each section the full text analysis from Wood Mackenzie. This will cor-
will be available. respond to a 15.4% compound annual growth
rate starting from 2032, when the first projects
are expected to come online in the region.

AfrElec: Standard Chartered Bank arranges ENERGO: Romania’s CE Oltenia to build 850-
$566.4mn loan for Saudi-Egypt interconnector MW gas-fired power plant with Alro
CrossBoundary The realisation of the Sau- The coal and power group Complexul Ener-
di-Egypt electricity interconnection project took getic Oltenia (CE Oltenia) has picked Alro alu-
one more step forward with Standard Chartered minium producer, following a competitive pro-
Bank and Japan’s Sumitomo Mitsui Banking cedure, to jointly build an 850-MW natural gas
Corporation successfully arranging $566.4mn power plant in Işalniţa, according to News.ro.
in Murabaha financing to complete one phase of The project is at an advanced stage of authori-
the project. Murabaha, profit-sharing, is a prod- sation – Alro already summoned its sharehold-
uct structured according to Islamic shariah. ers to endorse its participation in the project on
November 22 – and, according to current esti-
mates, the plant is supposed to supply electrici-
ty to the national power grid starting in 2026.

P14 www. NEWSBASE .com Week 43 25•October•2022