The OPIC loan facility will support ContourGlobal Solutions and its subsidiaries’ program of building and operating combined heat and power plants (CHPs) for Coca-Cola Hellenic Bottling (CCH) plants, largely in Eastern Europe and Nigeria.
The CHPs supply electricity, steam, hot water, chilled water and food-grade CO2 to CCH beverage bottling facilities for the bottling process.
The company claimed that the energy efficiency of the CHPs can be as high as 90%, compared to 35-40% for conventional gas-fired simple cycle power plants.
Moreover, ContourGlobal’s QuadGen process incorporates carbon capture technology to remove approximately 95% of the CO2 from the CHP’s flue gas. The purified CO2 is then used by the bottler and other customers requiring food grade CO2.
The proposed project is a part of an MoU between between OPIC and ContourGlobal to provide financing and political risk insurance to support power projects in emerging markets, including energy-efficient facilities, which reduce carbon dioxide emissions.
This project supports CCH’s efforts to reduce energy consumption and costs, and lower carbon emissions throughout its operations, according to the company.
Lawrence Spinelli, acting president of OPIC, said: “Supporting clean technology that reduces the fuel and energy required for energy production is a top priority for OPIC, and is exemplified by this innovative project, which will also support economic development in a number of emerging markets.”
