BG Group has announced that discussions with the Tunisian Government for the development of a 500 megawatt (MW) CCGT power plant have not yet been concluded. The two sides signed last year a Memorandum of Understanding (MoU) regarding this project.
Due to the lack of progress, BG Group does not expect the Barca project to contribute to its 2006 power target as originally planned. As a result, BG Group revised late last week its 2006 power target to 2.8 gigawatts (GW) from 3.3 (GW), a reduction of 500MW.
"BG Group continues to believe that the Barca power plant is an economic project, which uses untreated gas to meet Tunisia’s recognized power needs. The Company will continue to work with the Tunisian Government to develop the Barca proposal and other opportunities for using gas from its reserves to meet the country’s energy requirements," a statement from the group said. (menareport.com)
© 2004 Mena Report (www.menareport.com )