The Abu Dhabi National Energy Company or TAQA will develop a greenfield cogeneration power and water desalination project in Saudi Arabia, said local reports on Thursday, October 21.
TAQA will do this along with the Marubeni Corporation for Saudi Aramco, the world’s largest integrated oil and gas company, said the local reports.
The Tanajib Cogeneration and Desalination Project will reportedly have a net capacity of 940 megawatts (MW) of power generation.
It will also have a capacity of 1,084 tons of steam per hour and 5.25 million imperial gallons per day (MIGD) of desalinated water gross capacity (net capacity: 4.3 MIGD).
TAQA and Marubeni are said to have signed a water and energy conversion agreement for a greenfield industrial facility, as well as for the development of supporting infrastructure including pipelines to connect the desalination and cogeneration plants to end users, said a statement.
A special-purpose vehicle has apparently been created to develop the plants with TAQA and Marubeni holding a 60 percent stake and Saudi Aramco with 40 percent.
Under the contract, TAQA and Marubeni are expected to operate the plants for 20 years on a build, own, operate, and transfer basis.
This project reportedly aims to supply electricity, steam and desalinated water to Saudi Aramco’s nearby oil and gas facilities.
TAQA Group’s Executive Director of Generation, Farid Al Awlaqi, was quoted by the local reports as saying: “The Tanajib facility will utilize TAQA’s expertise in delivering efficient power and water projects, as well as further strengthening our capabilities in operations and maintenance through a 40 percent stake in the O&M company.”
