Law firm Allen & Overy advises on first long term funding for captive power in SA

Speaking from the African Energy Forum this week, Alexandra Clüver, a partner in international law firm Allen & Overy’s Johannesburg office confirmed that the firm had advised RMB as mandated lead arranger and lenders to the three projects, enabling Harmony to move away from coal power and, for the first time, independently procure its own stable, affordable green power. These are the first long term financed projects closed under the new electricity regulations.

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Wärtsilä introduces Decarbonisation Services business model to support customers aiming at net zero CO2 emissions

Initially, the service will focus on existing Wärtsilä customers in the mining and industrial sectors, as well as small-scale power utilities. It is carried out in long-term partnership with the customer and is outcome-based, with Wärtsilä’s success tied to the customer’s gains. Wärtsilä estimates, that its existing customers in the mining and industrial sectors have a carbon reduction potential of 460,000 tonnes per annum with initial optimisation projects.

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Wärtsilä to supply added generating capacity and existing plant upgrade for repeated Egyptian customer

The Borg El Arab plant currently operates with four Wärtsilä 34SG engines running on natural gas, the cleanest of all widely available fuels. As a result of increased industrial demand for electricity in the region, additional generating capacity is needed, and because of the reliability of the existing operation, an additional two Wärtsilä 34SG engines was deemed to be the optimal solution.

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Wärtsilä Guaranteed Asset Performance agreement will ensure essential reliability for Senegal power plant

The Wärtsilä Flexicycle™ power plant will operate with seven Wärtsilä 50 engines. It combines the advantages of a flexible simple cycle operation with the outstanding efficiency of a combined cycle plant. The agreement will provide operational reliability with scheduled maintenance and spare parts, as well as heat rate and power output guarantees after major overhauls.

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