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Eemsmond CCGT nears market
04 February 2011
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[Eemsmond]
[Advanced Power]
[Siemens]
[TenneT]
Developer Advanced Power is in the process of selecting counterparties for the EPC, feedstock and offtake contracts for its 1.2GW Eemsmond combined-cycle gas turbine project in the Netherlands. The Eemsmond project company is a 50:50 joint venture between Advanced Power Holdings, Advanced Power’s Dutch subsidiary, and Siemens Project Ventures.
Its progress to date says more about the state of the Dutch transmission market and permitting process than the state of debt markets. But as Advanced looks to line up construction, offtake, and supply contracts, and if it hopes to stay in the project as a long-term operator, the state of debt markets will become much more relevant.
The latest round of commercial discussions have begun after a two-year process of obtaining the main environmental permits and a favourable grid connection agreement with TenneT, the grid administrator of the Dutch electricity network.
Development on Eemsmond started...
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