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New power plant to utilise vast gas resources.
Image: Bigstock. For illustration only.

Sumitomo wins Turkmenistan power plant deal

TOKYO, October 26, 2015

Trading house Sumitomo Corp said on Monday it had won a $300 million order for a 400 MW gas-fired power plant in Turkmenistan, part of a package of deals announced on a visit to the Central Asian nation by Japanese Prime Minister Shinzo Abe.

Japan and Turkmenistan on Friday signed deals worth over $18 billion in the energy-rich nation, which has become an important supplier of natural gas to China.

Sumitomo said it aimed to complete the construction of the simple-cycle gas-fired plant in 2018, and that the main equipment such as a gas turbine and power generator would be procured from Mitsubishi Hitachi Power Systems.

Turkmenistan, a reclusive nation of 5.5 million, holds the world's fourth-largest reserves of natural gas. Since independence in 1991, it has launched ambitious projects to process the commodity at home and find new export routes.

Japan's Abe last week started a tour of the five post-Soviet Central Asian nations where former imperial master Russia and China are vying for clout.

Japanese companies are already involved in large-scale projects in Turkmenistan, building plants to process natural gas into fertilisers, ethylene, polyethylene and polypropylene, as well as into liquid fuel. - Reuters




Tags: power | Sumitomo | Turkmenistan |

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