JEA Board Approves Transaction with FPL to Close 848-MW Coal Unit in Georgia

LCG, June 30, 2020--The JEA Board of Directors in a special meeting last Friday unanimously approved a transaction that will result in closing an 848-MW unit at Plant Scherer and entering into a 20-year purchase power agreement (PPA) with Florida Power & Light Company (FPL).

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Analysis of Resource Adequacy in ERCOT - July - December 2020

LCG, June 30, 2020 - LCG Consulting just released its analysis of ERCOT for the second half of 2020, July through December.

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Industry News

AES Moves on Oman Power-Desalination Plant

LCG, May 7, 2001AES Corp. said Friday that an ad hoc subsidiary has secured $348.6 million in bank financing for a project in Oman that will provide 20 million gallons per day of desalinated water and 427 megawatts of electric power.

AES has an 85 percent interest in the project, AES Barka SAOC, with Multitech, a local partner owning the balance. ANZ Investment Bank and Arab Banking Corp. acted as lead arrangers on the financing, which is subject to the fulfillment of certain conditions precedent.

The power facility is being designed and built by a consortium of Enelpower SpA of Italy and Hitachi Zosen of Japan. AES said it expects the final notice to proceed will be issued on June 1 and has scheduled commercial operations for April 2003.

The electrical and water output from the facility will be sold to the Omani Ministry of Electricity and Water under a 15 year power and water purchase agreement. Gas will be supplied by the Ministry of Gasunder a 15 year natural gas supply agreement.

Venu Nambiar, project director of AES Barka, said, "Work by our contractor is on schedule and we now have completed our bank financing. We expect to produce competitively priced power and water in time for the peak summer of 2003. Since Barka will be among the lowest cost producers in Oman, we believe we can serve electric and water customers competitively for decades to come."

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