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off more than 720 MW of PV project capacity. of Mines and Energy, said that by boosting GE has secured a power generation
Having announced two big project sell-offs power generation from the LNG, an affordable equipment supply contract from Naepo Green
to state-owned entities last week, GCL on cost of clean technologies such as Clean Energy for its new district heating plant in
Sunday announced a second phase to one of Coal Technologies should be promoted and South Korea.
the proposed sales, to make that transaction deployed to developing countries. According to the contract, GE will supply
even larger. “Cambodia has revised its power its 60 Hertz gas turbine, the 7HA.02, along
A week ago, the GCL New Energy business development plan 2020-2030 in which we with its matching H65 generator to the plant
announced it had formulated a deal to forecast the larger share of gas consumption in located in the centre of Naepo.
divest 174 MW of Chinese solar generation the power generation mix coming onwards a Naepo’s new plant will have the capacity to
capacity by selling six projects to state-owned total of 3,600 MW in the following schedules generate 500MW of power, which is sufficient
Xuzhou State Investment and Environmental 2027-2030,” he said. for nearly 125,000 South Korean homes.
Protection Energy Co Ltd for a net RMB460 “Cambodia’s economic recovery is GE Gas Power country leader James Kim
million ($70.1 million). On Sunday, GCL said expected for post COVID-19 in 2021. Thus, said: “District heating is a highly efficient
“phase two” of the deal would see a further Cambodia’s energy demand is also expected energy solution that delivers energy savings
217 MW of project capacity sold to the same to bounce back strongly in which LNG will and relevant reductions in CO2 and NOx
buyer for a net RMB985 million, provided play a crucial role in Cambodia’s energy mix, emissions.
shareholders give the go-ahead. especially in the power generation, industrial “We’re proud to work with Naepo Green
The projected RMB1.45 billion windfall uses, transportation, commercial, and Energy to support South Korea’s district
would be supplemented by the removal of residential uses,” the Minister said. heating needs as efficiently and cost-
RMB1.87 billion of liabilities from GCL’s effectively as possible. GE’s HA gas turbines
books – RMB919 million from the first are the world’s largest and the most efficient
tranche of the sale and RMB951 million from gas turbines, offering low lifecycle cost of
the balance. GAS-FIRED GENERATION electricity generation for 60Hz customer.
GCL said the RMB9.53 million net loss “With industry-leading combined cycle
booked on the project value of the first set of GE to supply gas turbine capability for district heating operation, GE’s
sales would be raised by RMB27.4 million in HA gas turbines are a natural choice for this
the second half of the deal. to Naepo heating plant in kind of application.”
In between the two parts of that deal, GCL GE has also agreed to supply an STF-D650
on Thursday mooted a long-proposed sale of South Korea Steam Turbine, H35 generator, Heat Recovery
18 projects with a total generation capacity Steam Generator (HRSG), GE condenser and
of around 430 MW to two investment funds,
owned by state-owned electric utility China
Huaneng and public peer the Industrial and
Commercial Bank of China. That deal would
herald a RMB2 billion cash injection for GCL
on a sale book-loss of RMB183 million and
would remove a further RMB2.04 billion of
GCL liabilities.

GAS-FIRED GENERATION
Cambodia to add power

generation from natural gas

The Ministry of Mines and Energy has said
that natural gas, LNG, will play an important
role in Cambodia’s power supply in the future,
and towards this end, up to 3,600 MW of
power is planned to be generated from LNG
plants as of 2030.
Based on the ministry’s power
development plant, the sector will attract
more investment in LNG power plants.
Although Cambodia currently does not have
any LNG plants, more foreign firms have eyed
on the sector.
Speaking in the 3rd East Asia Energy
virtual Forum on Role of Carbon Capture
Utilisation and Storage/Carbon Recycling in
ASEAN, held last week, Suy Sem, Minister

P12 www. NEWSBASE .com Week 47 25•November•2020