CP Finance UK offers financing for Steam power plants construction and  comprehensive professional services in the energy sector:

• Modernization of energy facilities.
• Operation and maintenance.
• Engineering design of thermal power plants of all types.
• Construction of steam power plants under the EPC contract.
• Pre-investment research.
• Financing large energy projects.

Together with international partners, We are present in Europe, Latin America, North Africa and the Middle East together with the assistance of our high-net-worth angel investors.

An impeccable reputation and satisfied customers in many countries are the best confirmation of our commitment to innovation and high service.

Our specialists are ready to provide you with any services related to the financing of TPP projects.

Contact the company’s consultants to learn more about our services.

Modern classification of thermal power plants

Modern steam turbine power plants that run on coal, natural gas and other fossil fuels will remain in demand in the coming decades, despite the growth of renewable energy sources.

Today, energy companies are forced to solve numerous technical, financial and environmental problems, meeting the growing demand for electricity and flexibly responding to load fluctuations caused by the introduction of RES.

Steam power plants construction with high efficiency and minimal emissions can increase and improve the competitiveness of thermal energy.

According to the EIA, the average age of thermal power plants in the United States today reaches 40 years.

In some countries this figure is even higher. By 2050, the share of fossil fuels in the global energy mix will be about 50%. Under these conditions, the efficiency of TPPs will be critically important for a sustainable future. It is obvious that numerous steam power plants today require deep modernization.

Currently, there are different methods of generating electrical energy from fuel combustion, which differ depending on the type of fuel and the specific combustion technology.

The main fuels for this purpose are coal, oil, gas, petroleum coke and biomass.

The combustion of each of these fuels is different, therefore, in the engineering design of TPPs, different approaches are applied to fuel preparation (drying, grinding), the choice of generators and turbine equipment.

At present, thermal energy in the world is radically changing, while a combined cycle is often used for the planned modernization of conventional steam TPPs.

When it comes to fuel, natural gas continues to gain in popularity.

Nevertheless, the construction of new steam power plants is of great importance for local economies, especially in terms of co-firing waste and coal. These projects are actively developing in regions of the world with intensive agriculture and logging due to the high energy potential of waste generated in these processes.

The principle of operation of steam turbine power plants is considered simple. The fuel is burned in a boiler that generates thermal energy, which is used to generate steam from the water circulating through the piping system. This steam drives a steam turbine and converts thermal energy into mechanical energy, which generates electricity in an alternator.

Steam power plants construction is a complex multi-stage process that requires time-consuming and expensive research, approvals and permits. These objects are distinguished by an impressive area.

Thermal power plants require extensive infrastructure development, and in many cases leave a deep ecological footprint.

Thermal power plants are usually located close to seas, lakes or rivers in order to make it easier to obtain large volumes of water to cool equipment. These facilities can operate on coal as well as on fuel oil and natural gas. Typically, fuel oil arrives at TPPs through pipelines and is stored in tanks. Natural gas, in turn, is supplied through a special gas pipeline. Solid fuels are usually delivered by rail, which requires the construction of additional infrastructure.

During the engineering design of steam power plants, it is important to select the most suitable equipment and design the layout.

Consideration should be given to the planning of components such as cooling pond, pipelines, railway and unloading station, sludge storage, and so on.

Steam power plant construction cost

Many companies are interested in the cost of engineering design and construction of steam power plants.

The total cost of a project is always determined by a combination of factors, which we will discuss below. Any figures without analysis of a specific project should be considered approximate.

In general, Steam power plants construction with a capacity of 500-700 MW can cost about 500,000 euros per MW.

If construction is carried out under the EPC contract (single general contractor), this figure increases.

Major investment costs include:

• Installation of a turbine group (steam turbine and generator).
• Ancillary equipment and control systems.
• Construction of an electrical substation.
• Laying of power lines.
• Civil engineering.
• Boiler and steam generator installation.
• Construction of a water cooling circuit.

Significant investments are also associated with research, engineering design, obtaining permits, construction of a cooling pond, etc.

When assessing the cost of building a steam power plant, internationalization factors (project implementation in another country) should be considered. In addition, any construction under an EPC contract will be slightly more expensive due to the general contractor’s margin, which is usually 10%.

It is important to take into account the factors of hiring local staff in the host country, the cost of obtaining permits and licenses, the cost of importing equipment and building materials (import taxes, travel costs and customs duties).

CP Finance UK underwritten team will help you calculate the cost of the project based on all of the above factors.

With extensive experience in the construction of power plants around the world, we, together with partners, will implement your project in the optimal time frame with minimal costs.

Our team is actively involved in financial modeling, advising foreign customers on project financing.

Through cooperation with major banks, we also help our clients in obtaining loans for the construction of steam power plants and other large energy facilities. 

Email:finance@cpuk-financeltd.com
Website:https://c-pfinanceuk.com/