On Tuesday, November 18, Enefit Industry (owned by Eesti Energia) and Israeli companies Baran International Ltd and Baran Group Ltd signed a contract for the construction of a 100-megawatt thermal power plant with the possibility of using hydrogen. The contract value is 100 million euros.
The power plant being constructed at the site of the Baltic Power Plant near Narva is intended for the combined generation of electricity and heat, as well as for providing frequency reserve. The power plant is capable of supplying 100 megawatts (MW) of electricity to the power system and up to 85 MW of heat to the Narva heating network.
For comparison, the capacity of the Riga Hydroelectric Power Station is 400 MW.
The station will primarily operate on natural gas or biomethane, but if necessary, it can use up to 25% hydrogen from the total fuel volume, the company Eesti Energia reported.
Three bids were submitted for the tender announced in April. The winner was a joint bid from Israeli companies Baran International Ltd and Baran Group Ltd, valued at nearly 100 million euros. Baran Group is the largest Israeli engineering company, whose shares are traded on the stock exchange.
The joint bid of the companies is based on the use of 4.5 MW engines from the Austrian manufacturer Jenbacher.
After signing the procurement contract, the design of the power plant will begin. Construction, according to the current plan, is set to start in the fall of next year. The completion of the power plant is scheduled for 2028.
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