Heat Exchanger World Magazine October 2025 | Page 56

Project News

CDB marks milestone with financial close on Dominica Geothermal Energy Project
McDermott awarded deepwater subsea contract by PTTEP
McDermott has been awarded a large offshore subsea contract by PTTEP Sabah Oil Limited( PTTEP) for the Block H gas field expansion project, located offshore Sabah, in East Malaysia, covering the Alum, Bemban, and Permai deepwater fields. Under the scope of the contract, McDermott will deliver engineering, procurement, construction, and installation( EPCI) services for a carbon steel pipeline, along with transportation and installation of key subsea umbilicals, risers, and
flowlines( SURF) components. The infrastructure is part of a broader system designed to support the delivery of additional feed gas to the Petronas Floating Liquefied Natural Gas Dua( PFLNG DUA) facility, which has been producing from Block H’ s Rotan and Buluh fields since 2021. Engineering and project management will be led from McDermott’ s Subsea and Floating Facilities team in Kuala Lumpur, while offshore installation will leverage the company’ s versatile marine construction fleet. Operated by PTTEP on behalf of partners Petronas Carigali and PT Pertamina Malaysia Exploration Production, the Block H development is a cornerstone of Malaysia’ s deepwater gas strategy, with expansion expected to increase domestic gas supply, supporting long-term energy security and economic growth.
The Caribbean Development Bank( CDB / the Bank) has reached financial close on a facility for the landmark Dominica Geothermal Energy 10MW Project. The facility is made available to the Geothermal Power Company of Dominica( GPC), which was established specifically to implement the project. GPC is a wholly owned subsidiary of Ormat Technologies Inc., a leading international geothermal developer. This transaction is the first geothermal project in the region to reach this stage with a private sector partner. The power plant development phase is being implemented as a private sector-led initiative, with CDB acting as the lead financial arranger. The project has secured USD 34.8 million in concessional funding. Of this
amount, USD 25.4M is provided by the Green Climate Fund( GCF) in the form of a concessional loan, which was mobilized through the Inter-American Development Bank( IDB)-GCF program titled“ FP020: Sustainable Energy Facility for the Eastern Caribbean.” An additional USD 9.4M is being provided from Canada’ s Supporting Resilient Green Energy Initiative in the Caribbean( SuRGE) programme. The CARICOM Development Fund( CDF) is also contributing USD 15M in loan financing out of its own capital fund resources, as the major element of the CDF’ s Country Assistance Programme for Dominica. The project is expected to enhance energy security, stabilise tariffs, cut greenhouse gas emissions, and drive long-term economic growth.
Panasonic starts operations at the new building in its Czech factory
Panasonic Corporation has announced that Panasonic Heating & Ventilation Air-Conditioning Czech, s. r. o.( PHVACCZ), a subsidiary of Heating & Ventilation A / C Company, started operations at the new building in its Czech factory, a production site for air-to-water heat pumps. Air-to-water heat pumps utilize heat from the atmosphere to produce hot water, which is then circulated throughout buildings for heating. They minimize environmental impact with less
CO 2 emissions compared to fossil fuel-using heaters, they significantly reduce CO 2 emissions and have a lower environmental impact. With the growing awareness of environmental issues and the push toward a decarbonized society, the market is expected to see steady growth over the medium to long term. The Czech factory was established in 1996 as a production site for televisions and began manufacturing air-to-water heat pumps in 2018. Initially, the factory produced only indoor units, but in 2023, it also started producing outdoor units using the R290 natural refrigerant, making it the first Japanese manufacturer * 1 to do so. Furthermore, in 2024, the factory strengthened its role as a key development and production hub by establishing an R & D department to respond swiftly and flexibly to market needs in Europe. To meet the growing demand in the air-to-water heat pump market, a newly constructed building aimed at expanding production capacity has been completed and is now operational. With the completion of the new building, the factory will be able to expand its production lines in response to future demand and enhance automation— such as deploying 80 robots— enabling a future increase in production capacity from 150,000 units * 2 to a maximum of approximately 700,000 units * 2, which is about 20 % higher than the original plan.
Vikram Solar secures 336 MW module supply order from L & T
Vikram Solar has announced a major order win of 336 MW highefficiency solar modules from L & T Construction. These modules will be deployed in Khavda, Gujarat, a region where the company
has already made significant contributions. As part of this order, Vikram Solar will supply its advanced Hypersol G12R modules, based on N-type technology. This latest module from
Vikram Solar showcases improved bifaciality( upto 80 %), better hightemperature performance, and minimal year-on-year degradation( ≤0.4 %). The usage of G12R Modules will enhance the Balance-of-System( BOS) efficiency and help drive down the Levelized Cost of Energy( LCOE), making it more costeffective and accessible. With ambitious targets and largescale projects like the Khavda Renewable Energy Park, Gujarat is at the forefront of India’ s
renewable energy transformation and is setting global benchmarks in solar capacity deployment. It also highlights Vikram Solar’ s commitment to advancing India’ s clean energy transition through technological innovation, scalable capacity, and consistent execution. Earlier in May 2025, Vikram Solar secured a 326 MW module supply order from Gujarat Industries Power Company Limited( GIPCL) for the Khavda Renewable Energy Park.
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