AOT Vitality (AOT), the power division of ArrowResources AG, an built-in world commodities group headquartered in Switzerland, proclaims that it has acquired the cogeneration energy plant in Arad, Romania, and has additionally secured 15-year LNG to fuel Floating Storage and Regasification Unit (FSRU) capability in Alexandroupolis, Greece.
The Arad energy plant is on a 55 ha. platform with a 240 MVA capability and its personal 110 kV substation, with an interconnection to the nationwide energy grid. It’s also related to the nationwide fuel transport grid with 26 000 m3 of pure fuel supply hourly capability. At present it operates as a gas-powered cogen set up, producing each energy and warmth to the area people with a 100 MW warmth supply interconnection with the district heating community.
The acquisition is mixed with plans to additionally buy land adjoining to the fuel plant to assemble a 110 MW photo voltaic plant. This kinds a part of AOT’s wider programme to take a position closely within the full modernisation of the plant, making a hybrid energy plant with next-generation hydrogen-ready energy manufacturing capacities. The intention is for the modernised plant to be operational by 1H25, topic to acquiring all regulatory approvals, which is able to ship an improved environmental footprint and produce the facility plant at Arad as much as its full capability of 240 MVA. AOT’s modernisation plans will safe long-term employment alternatives in the area people, alongside important funding within the area.
The entry to the Alexandroupolis FSRU secures a 15 yr LNG to fuel functionality, with a complete nominal regasification and send-out capability of 15mcm/day. The FSRU can be on-line from 1Q24, with fuel transport capability booked as much as Bulgaria, and marketed downstream throughout your complete area together with Bulgaria, Romania, Serbia, and North Macedonia.
“We’re dedicated to improve and modernise the prevailing asset by deploying the mandatory capital and knowhow to realize the plant’s potential – which contributes to Europe’s decarbonisation targets and helps Romania’s power safety, guaranteeing long-term sustainability for all of the stakeholders within the area,” commented Andreas Daskalakis, CEO of ArrowResources. “The Alexandroupolis FSRU capability helps the area’s LNG to fuel market and is demonstrative of our technique of investing throughout the area to each enhance power provide and safety, in addition to pushing the broader power transition.”
Learn the article on-line at: https://www.lngindustry.com/floating-lng/08112023/arrowresources-aot-energy-acquires-lng-projects-in-greece-and-romania/