Aug 12, 2020

Hitachi consortium wins €2.7bn high-speed rail contract

Hitachi
webuild
Astaldi
construction
Jonathan Campion
1 min
The Japanese engineering company has partnered with Italian contractors Webuild and Astaldi to construct a 44km line between the north-eastern towns of Verona and Padua.
The Japanese company has joined with Italian contractors Webuild and Astaldi to construct a 44km line between the north-eastern towns of Verona and Padu...

The project is worth €2.7bn (£2.4bn), with Webuild owning 45% of the venture, Astaldi 37%, and Hitachi 18%. The consortium was chosen by Rete Ferroviaria Italiana, a subsidiary of the state firm Gruppo FS Italiane.

The high-speed rail line is part of a larger project to make Italy’s transport infrastructure more resilient. Once completed, it will quadruple the passenger capacity in the 13 municipalities that it will pass through, and improve rail links between Italy and central Europe.

Pietro Salini, the chief executive of Webuild, commented on the contract: “From south to north, Italy is starting up again, and it is doing it with infrastructure, bringing work to the regions. We are proud to be able to bring our expertise to this project in order to relaunch the country where we have our roots.

“Thanks to technical expertise and efficiency and constructive collaboration among institutions, clients and private business, we can finally take on the country’s infrastructure challenges that have existed and been on stand-by for too long.”

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Aug 3, 2021

Masdar, PT PLN begin work on floating PV solar project

Masdar
PTPLN
SolarPV
projects
2 min
Masdar and Indonesian electrical power organisation PT PLN and have started constructing a 145MW photovoltaic (PV) floating solar project in West Java

UAE-based renewable energy company Masdar, in partnership with PT PLN, an organisation specialising in electrical power and owned by the Indonesian government, has announced today it has started work on a floating photovoltaic (PV) solar project in West Java. The company says the 145MW plant is the first of its kind in the country. The project, which will be constructed on the Cirata reservoir in West Java, was financed by the Sumitomo Mitsui Banking Corporation, Societe Generale, and Standard Chartered Bank. 

Developing the project is PT Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), a joint venture between Masdar and PT PLN subsidiary PT PJBI. Bahlil Lahadalia, Minister of Investment for the Republic of Indonesia and chairman of the Indonesia Investment Coordinating Board, said: “This is a flagship project of the UAE’s investment in Indonesia, and most importantly, it is in line with the Indonesian Government’s target to increase renewable energy by 23% by 2025.”

Ladhadalia added: “The Ministry of Investment fully supports the investment realisation of the Cirata Floating Solar Project by PT PJBI and Masdar.” The plant is said to be the largest in south-east Asia, and one of the biggest in the world. Around 800 jobs will be created during its construction phase. 

During the project’s development, Masdar has conducted several social initiatives to raise awareness of sustainability and strengthen the engagement of the local community. Talking about the partnership with Masdar, Amir Faisal, president director of PJBI, said: “We see tremendous potential for similar projects in Indonesia and we look forward to continuing our fruitful collaboration with Masdar to work on more renewable energy projects and help our nation achieve its clean energy objectives. 

“This floating power project is a first for Indonesia and is also a significant step in PJBI’s renewable energy journey,” he added. 

 Facts about solar energy

  1. Solar power is the most abundant energy source on earth: There’s enough solar energy reaching the earth every hour to meet all of humanity’s power needs for a whole year.
  2. The cost of solar panels has fallen by 99% since 1977: The price per watt for a single solar cell in 1977 was US$77. Today that same cell costs Us$0.21 per watt US$0.39 per watt for an assembled module, according to the Solar Energy Industries Association.
  3. China is the global leader in solar energy: Whilst solar power is increasing in popularity in the US, China is currently the country with the biggest uptake. Research conducted by GTM in 2017 predicted that the US would install 12.4GW of solar power during that year. China, on the other hand, installed 24.4GW of power in the first half of 2017 alone. 


Image: Masdar

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