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Taqa to develop Saudi greenfield plant: UAE’s Taqa and Japan’s Jera partnered with Saudi Arabia’s Satorp, a joint venture between Saudi Aramco and TotalEnergies, to develop a greenfield industrial cogeneration plant in Jubail, Saudi Arabia, supplying power and steam to the Amiral petrochemical complex, set to host one of the GCC’s largest steam crackers, an ADX filing (pdf) reads.
The details: The plant will be developed by a special purpose entity 51% owned by Taqa, with Jera holding a 49% stake, on a 25-year build, own, and operate basis — extendable by five years. The two companies will also handle operation and maintenance of the plant through a separate special purpose entity. The agreement is extendable by five years.
OTHER ENERGY NEWS-
New Abu Dhabi waste-to-energy project unlocked: The Emirates Water and Electricity Company (EWEC) and Tadweer have signed a concession agreement with a Japan-based consortium to develop an Abu Dhabi-based greenfield waste-to-energy independent power project, according to the Abu Dhabi Media Office. The project aims to process 900k tonnes of waste annually, slashing carbon emissions by an expected 1.1 mn tonnes per year.
The consortium includes Marubeni Corporation, Hitachi Zosen Inova (HZI), and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development.
