Firm poised to win Ruwais cogen contract
7 November 2024
Kuwait-headquartered Alghanim International is poised to win the contract to design and build a cogeneration plant catering to the Taziz derivatives complex in Abu Dhabi’s Ruwais industrial area, industry sources say.
Known as Project Volta, the planned steam and power cogeneration facility will supply electricity to the plants built at the Ruwais petrochemical complex, some 220 kilometres west of Abu Dhabi city.
Initial plans for the plant’s power generation unit indicated a capacity of 200MW, although this has not been officially confirmed.
Depending on the final project scope and specifications, the project budget could be about $500m.
Adnoc and Abu Dhabi National Energy Company (Taqa) received and opened revised proposals for the contract in January 2023, before the project was put on hold.
According to industry sources, only Alghanim International and India-headquartered Larsen & Toubro submitted revised proposals for the contract in January 2023.
Before an addendum that prompted a revision in proposals, the following companies were understood to have submitted initial bids for the contract in July 2022:
- Alghanim International (Kuwait)
- Harbin (China)
- Larsen & Toubro Power (India)
- Orascom Construction (Egypt) / Elsewedy (Egypt) / Metito
MEED reported in February this year that the main project client, Abu Dhabi National Oil Company (Adnoc), has reactivated the tendering process for the project.
Adnoc signed an agreement with Taqa in June 2021 to construct other utilities in the Ruwais complex, including power, steam, cooling, demineralised and wastewater services.
The total investment in building the Ruwais derivatives park will be $5bn. Several derivatives plant projects with an estimated budget of $3bn have been tendered.
Taziz is a 60:40 joint venture of Adnoc and Abu Dhabi’s industrial holding company ADQ.
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The bid submission deadline is 26 February.
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Modon tenders Ras El-Hekma construction contracts
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Abu Dhabi-based developer Modon Holding has tendered several contracts as part of the first phase of development at Ras El-Hekma, a planned new city on Egypt’s Mediterranean coast.
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Chinese firm wins Ceer automotive supplier park deal
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