International Power has announced a second agreement with Ansaldo Energia to co-develop up to 4000mw of new combined cycle gas turbine (CCGT) power plants in southern Italy. Under the agreement International Power and Ansaldo Energia will together develop five greenfield sites of 800mw each. Of the five, three are located near Naples and two in Calabria. This agreement complements the previously reported agreement signed by the two companies on 19 March 2001 to co-develop greenfield CCGT sites in northern Italy with a total potential of 3200mw. Under both agreements, the proposed project locations have several inherent advantages, including substantial support from the local communities, good access to gas supply facilities and relatively easy access to Italy’s electric grid. In addition the proposed sites are in areas with strong electric demand growth and increasingly constrained installed generating capacity.
