RADP / Pulse Ghana > news > business

Sumitomo wins $300 mln order for gas-fired plant

October 26, 2015 9:37 AM

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 Ltd.

Sumitomo wins $300 mln order for gas-fired plant in Turkmenistan

Trading house Sumitomo Corp said on Monday it had won a $300 million order for a 400-megawatt 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.

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.

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!