The Marjan Cogeneration ISPP is 700MW gas fired power project. It is planned in Eastern Province, Saudi Arabia. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2021 and is expected to enter into commercial operation in March 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 700 | – | 700 | Permitting | Eastern Province, Saudi Arabia | Samsung C&T; Saudi Arabian Oil |
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Description
The project is being developed by Samsung C&T and Saudi Arabian Oil. The project is currently owned by Saudi Arabian Oil.
It is a thermal power plant.
The project cost is expected to be around $800m.
Development Status
The project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by March 2023.
About Samsung C&T
Samsung C&T Corp (Samsung C&T) is a diversified company. It operates various businesses including engineering and construction, trading and investment, fashion and resort businesses. The company also carries out the building, civil infrastructure, urban development, plant and housing construction works. Samsung C&T carries out trading of chemicals, iron and steel, industrial materials, energy and mineral resources, and supplies plants for the textile industry. The company also offers a wide range of clothing and accessories for men and women under several brands; and also carries out the construction and management of theme parks, golf clubs and resorts. Samsung C&T is headquartered in Seoul, South Korea.
About Saudi Arabian Oil
Saudi Arabian Oil Co (Saudi Aramco) is a state-owned energy and chemical company. It carries out the exploration, production and processing of crude oil and natural gas, refining, fractionation of natural gas, production of petrochemicals, and distribution of petroleum products and natural gas. The company operates wholly-owned domestic refineries, and has interests in joint venture refineries with international partners. Saudi Aramco operates through a network of pipelines, bulk plants, air refueling sites, and terminals. The company also operates power plants and associated transmission and distribution facilities in the Kingdom of Saudi Arabia. The company has subsidiaries and joint ventures across the Americas, Europe and other regions. Saudi Aramco is headquartered in Dhahran, Eastern Province, Saudi Arabia.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
