Power Technology | Energy News and Market Analysis is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More X

Saudi Aramco Cogeneration Plants

Announcement of contract

December 2003


Throughout 2006

Commercial operation

Phased in between March 2006 and December 2006


1,075MW and 4.4 million lb/h steam

Plant type



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

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


Hyundai Heavy Industries Co., Ltd.

Technical advising services

Sargent & Lundy LLC

Legal advice

Clifford Chance and others

Gas turbines



Natural gas

Free download worth over $5000
Download our 2019 Technology, Media and Telecoms Predictions Report

Worth up to $5,850

In this report, we look at the 30 big tech themes for 2019, identifying winners and losers for each theme. This report will impact all industries helping:

  • CEOs/Senior Staff: in all industries understand the disruptive threats to their competitive landscape
  • Investors: Helps fund managers focus their time on the most interesting investment opportunities in global TM

© Copyright 2020 Verdict Media Limited.

Go Top