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Released August 08, 2016 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Thermal and renewable energy provider AES Corporation (NYSE:AES) (Arlington, Virginia) saw weaker-than-expected results from Mexico, Brazil, Central America and the Caribbean drag its second-quarter 2016 profits below those of the same period last year, but plans to invest heavily in the Latin American region nonetheless, on top of major overhauls and additions planned throughout North America. Industrial Info's project database is tracking $16.98 billion worth of active AES projects on five continents.
"Our ongoing construction program is the most significant driver of our growth over the next few years," said Andrés Gluski, the president and chief executive officer of AES, in a quarterly earnings call. "We are focusing on our investment efforts on platform expansion projects with long-term U.S. dollar-denominated contracts." He added that AES has commissioned 2.4 gigawatts so far this year, on-time and on-budget, with another 3.9 gigawatts of capacity under construction that represents total capital expenditures of $7.8 billion.
Two of the three largest active AES projects are coal-fired thermal power stations on opposite sides of the Pacific Ocean: the $2.1 billion Quang Ninh 3 Thermal Power Station in Dam Ha, Vietnam and the $1.3 billion Central Termoelectrica Cochrane Plant in Mejillones, Chile. The Quang Ninh facility, which is expected to comprise two 600-megawatt (MW) steam turbines and generators driven by two supercritical pulverized coal boilers, is in its earliest permitting phases and is unlikely to begin construction for close to 10 years. But external factors could pose further problems: A representative of AES recently complained that infrastructure development in Vietnam's northern province of Quang Ninh is lagging and more needs to be done to improve employee training, according to VietnamNet. For more information, including equipment and environmental requirements, and contractor contact information, see Industrial Info's project report.
The Chilean plant, on the other hand, is under construction and set to wrap up toward the end of this year. The facility's two pulverized coal boilers will drive two 266-MW steam turbogenerators to produce 532 MW, which will be supplied to nearby copper mines. Mitsubishi Corporation's (Tokyo, Japan) Chilean subsidiary and POSCO Engineering & Construction (NYSE:PKX) (Pohang, South Korea) also are at work on the project. For more information, including boiler and generator specifications, see Industrial Info's project report.
AES' two largest North American projects are found in California. The first involves two additions at its Alamitos Power Station in Long Beach, California: the $963 million addition of a second combined-cycle unit and the $100 million addition of a battery energy storage unit. The 2-on-1 combined-cycle Unit 2 will comprise a pair of 216-MW combustion turbine generators, with heat recovery steam generators, and a 210-MW steam turbine generator; the battery unit is in its early planning stages and is expected to begin adding 100 MW to the grid by the end of 2020. According to Long Beach's Gazettes Newspaper, it is expected to be the world's largest battery array. For more information, see Industrial Info's project reports on the Unit 2 addition and the battery storage project.
About 40 miles away, AES is planning several major projects at its Huntingdon Beach Power Station, including the $500 million, Phase I unit repowering and the $500 million, Phase II unit addition. AES plans to gradually dismantle its existing generating units at the facility and construct a 505-MW, 2-on-1 combined-cycle power block in Phase I, and begin construction on a 200-MW second unit about two years later. Each unit will consist of a pair of combustion turbine generators of equal capacity, supplied by General Electric (NYSE:GE) (Fairfield, Connecticut). For more information, see Industrial Info's project reports on Phase I and Phase II.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
"Our ongoing construction program is the most significant driver of our growth over the next few years," said Andrés Gluski, the president and chief executive officer of AES, in a quarterly earnings call. "We are focusing on our investment efforts on platform expansion projects with long-term U.S. dollar-denominated contracts." He added that AES has commissioned 2.4 gigawatts so far this year, on-time and on-budget, with another 3.9 gigawatts of capacity under construction that represents total capital expenditures of $7.8 billion.
Two of the three largest active AES projects are coal-fired thermal power stations on opposite sides of the Pacific Ocean: the $2.1 billion Quang Ninh 3 Thermal Power Station in Dam Ha, Vietnam and the $1.3 billion Central Termoelectrica Cochrane Plant in Mejillones, Chile. The Quang Ninh facility, which is expected to comprise two 600-megawatt (MW) steam turbines and generators driven by two supercritical pulverized coal boilers, is in its earliest permitting phases and is unlikely to begin construction for close to 10 years. But external factors could pose further problems: A representative of AES recently complained that infrastructure development in Vietnam's northern province of Quang Ninh is lagging and more needs to be done to improve employee training, according to VietnamNet. For more information, including equipment and environmental requirements, and contractor contact information, see Industrial Info's project report.
The Chilean plant, on the other hand, is under construction and set to wrap up toward the end of this year. The facility's two pulverized coal boilers will drive two 266-MW steam turbogenerators to produce 532 MW, which will be supplied to nearby copper mines. Mitsubishi Corporation's (Tokyo, Japan) Chilean subsidiary and POSCO Engineering & Construction (NYSE:PKX) (Pohang, South Korea) also are at work on the project. For more information, including boiler and generator specifications, see Industrial Info's project report.
AES' two largest North American projects are found in California. The first involves two additions at its Alamitos Power Station in Long Beach, California: the $963 million addition of a second combined-cycle unit and the $100 million addition of a battery energy storage unit. The 2-on-1 combined-cycle Unit 2 will comprise a pair of 216-MW combustion turbine generators, with heat recovery steam generators, and a 210-MW steam turbine generator; the battery unit is in its early planning stages and is expected to begin adding 100 MW to the grid by the end of 2020. According to Long Beach's Gazettes Newspaper, it is expected to be the world's largest battery array. For more information, see Industrial Info's project reports on the Unit 2 addition and the battery storage project.
About 40 miles away, AES is planning several major projects at its Huntingdon Beach Power Station, including the $500 million, Phase I unit repowering and the $500 million, Phase II unit addition. AES plans to gradually dismantle its existing generating units at the facility and construct a 505-MW, 2-on-1 combined-cycle power block in Phase I, and begin construction on a 200-MW second unit about two years later. Each unit will consist of a pair of combustion turbine generators of equal capacity, supplied by General Electric (NYSE:GE) (Fairfield, Connecticut). For more information, see Industrial Info's project reports on Phase I and Phase II.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
