Saudi Aramco Cogeneration Plants Eastern Province, Saudi Arabia
Key Data:
Announcement of contract
December 2003
Commissioning
Throughout 2006
Commercial operation
Phased in between March 2006 and December 2006
Output
1,075MW and 4.4 million lb/h steam
Plant type
Cogeneration
Location
Saudi Arabia (Ras Tanura, Ju'aymah, Shedgum and Uthmaniyah)
Lead finance arrangers
Arab National Bank, Banque Saudi Fransi and SAMBA Financial Group
Estimated investment
The 17-year term financing comprises a non-recourse $510m facility; total equity investment is $130m
Key Players:
Development, ownership and operation
Contracted to International Power and Saudi Oger
Engineering, procurement and construction contract
Awarded to a consortium led by Japan's Mitsui & Co. as prime contractor and coordinator
Subcontractors
Hyundai Heavy Industries Co., Ltd.
Technical advising services
Sargent & Lundy LLC
Legal advice
Clifford Chance and others
Plant Details:
Gas turbines
GE
Fuel
Natural gas
