Samsung C&T to undertake Amiral cogen EPC

29 March 2024

South Korean contracting company Samsung C&T will undertake the engineering, procurement and construction (EPC) contract for the Amiral cogeneration independent steam and power plant (ISPP) project in Saudi Arabia.

The planned facility is anticipated to have a design capacity of about 475MW of power generation and roughly 452 tonnes an hour of steam from advanced combined-cycle gas-fired technology.

The plant is expected to be operational by 2027.

It will cater to the Amiral petrochemicals complex in Jubail in the kingdom's Eastern Province.

Saudi Aramco Total Refining & Petrochemical Company (Satorp) entered into a power and steam purchase agreement with a developer team, which comprises the UAE's Abu Dhabi National Energy Company (Taqa) and Japan's Jera, it announced on 28 March.

The Amiral cogeneration plant will be developed by a special purpose entity owned by Taqa (51%) and Jera (49%) on a 25-year build-own-operate basis extendable by five years on mutual agreement.

Regional project tracking services firm MEED Projects estimates that the project will require an investment of at least $400m.

Taqa and Jera will also undertake the plant's operation and maintenance (O&M) through an O&M special purpose entity.

According to the project sponsors, the Amiral cogeneration plant will include state-of-the-art power and steam generation systems, gas and water receiving systems, and gas insulated switchgear interconnections while at the same time "meeting stringent efficiency standards imposed by the Saudi Energy Efficiency Centre".

MEED understands the project has provision for the future installation of a carbon dioxide capture plant and is capable of hydrogen cofiring.

Steam cracker complex

Integrated with the existing Satorp refinery in Jubail, the new complex aims to house one of the largest mixed-load steam crackers in the Gulf that can produce up to 1,650 kt/y of ethylene and other industrial gases.

This expansion is expected to attract more than $4bn in additional investment in various industrial sectors, including carbon fibres, lubes, drilling fluids, detergents, food additives, automotive parts and tires. It is also expected to create about 7,000 local direct and indirect jobs.

Satorp reached the final investment decision on Amiral in December 2022.

Aramco owns 62.5% of shares in Satorp, while France's TotalEnergies has a 37.5% stake.

https://image.digitalinsightresearch.in/uploads/NewsArticle/11644064/main.jpg
Jennifer Aguinaldo
Related Articles
  • March 2025: Data drives regional projects

    31 March 2025

    Click here to download the PDF

    Includes: Commodity tracker | Construction risk | Brent Spot Price | Construction output


    READ THE MARCH MEED BUSINESS REVIEW – click here to view PDF

    Chinese contractors win record market share; Cairo grapples with political and fiscal challenges; Stronger upstream project spending beckons in 2025

    Distributed to senior decision-makers in the region and around the world, the March 2025 edition of MEED Business Review includes:

    > GULF PROJECTS INDEX: Gulf hits six-month growth streak
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/13578533/main.gif
    MEED Editorial
  • Two bid for Madinat Zayed IPP contract

    28 March 2025

     

    Abu Dhabi-based utility and offtaker Emirates Water & Electricity Company (Ewec) has received bids for a contract to develop and operate the Madinat Zayed open-cycle gas turbine (OCGT) power generation plant project in the emirate.

    According to industry sources, two teams led separately by France’s Engie and Saudi Arabia’s Aljomaih Energy & Water submitted bids for the Madinat Zayed OCGT independent power producer (IPP) project on 28 March.

    Aljomaih is understood to have partnered with the local Etihad Water & Electricity (Etihad WE) for its bid.

    The Madinat Zayed IPP is expected to begin commercial operations in Q3 2027. It will provide up to 1,500MW of backup generation, which can be operational “at very short notice”. 

    “Gas-fired plants like Madinat Zayed are key to ensuring a reliable energy supply while the country transitions to a decarbonised water and electricity system,” Ewec said when it issued the tender for the project in July last year.

    “[This type of plant] will be particularly important for supporting the growth of solar power, providing crucial flexibility during peak power demand periods and acting as a bridge to a future powered exclusively by clean and renewable sources.”

    Capacity buildout

    Abu Dhabi’s current electricity generation installed capacity sits at about 22GW, with gas-fired plants accounting for 68.7% of the total, and renewable and nuclear power contributing 12% and 19%, respectively.

    Construction work is under way for a 1,500MW solar photovoltaic (PV) power plant and a 2,457MW combined-cycle gas turbine (CCGT) plant.

    Two solar IPPs with a combined capacity of 3,000MW are under bid evaluation or main contract bid, while the tendering proceedings are under way for the Taweelah C CCGT IPP, in addition to the Madinat Zayed OCGT.

    The procurement processes are also under way for the 140MW Al-Sila wind IPP, the emirate’s first independent battery energy storage system plant, and another major CCGT, the 3.3GW Al-Nouf 1 project.

    In January, Ewec and Abu Dhabi Future Energy Company (Masdar) signed a power-purchase agreement for a 5,200MW solar PV plant with a 19 gigawatt-hour battery energy storage system, which is expected to provide round-the-clock solar power.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/13579141/main.gif
    Jennifer Aguinaldo
  • Masdar completes Valencia solar deal

    28 March 2025

    Abu Dhabi Future Energy Company (Masdar), through its Spanish subsidiary Satea, has closed an investment agreement for the construction and commissioning of solar photovoltaic installations with a total capacity of 234MW in Valencia, Spain.

    The project has the potential to add a battery energy storage system with a capacity of 259MW, Masdar announced on 27 March.

    A joint venture of Genia Solar Energy and Solar Ventures initially promoted the project.

    The plant will be located in the municipalities of Ayora, Jarafuel and Zarra. 

    It is expected to be operational in the first half of 2027.

    Watson Farley & Williams, G-advisory, EY and Finergreen advised Solar Ventures and Genia Solar Energy, while Broseta, Solida and Perez-Llorca advised Saeta Yield on the transaction.

    In July last year, Masdar announced it had reached an agreement with Spanish utility company Endesa to become a partner for 2.5GW of renewable energy assets in Spain.

    Masdar said at the time that it planned to invest €817m ($887m) to acquire a 49.99% stake, with an enterprise value of €1.7bn, representing one of Spain’s biggest renewable energy deals.

    The portfolio that Masdar planned to acquire consisted of 48 operational solar plants with an aggregated capacity of 2GW.

    Masdar and Endesa, a subsidiary of Italian energy giant Enel, said at the time that they aim to add 500MW of battery energy storage systems to the projects.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/13578644/main.jpg
    Jennifer Aguinaldo
  • Miahona wins $267m Modon wastewater plant deal

    28 March 2025

    Saudi Authority for Industrial Cities and Technology Zones (Modon) has awarded the local Miahona Company a contract for the construction and operation of an industrial wastewater treatment plant in Jeddah.

    The contract is valued at SR1bn ($266.7m), Miahona said in a bourse filing on 26 March.

    This project scope includes the rehabilitation, development, construction, operation and maintenance of wastewater treatment systems.

    The wastewater treatment plant will be located in Jeddah 1st Industrial City.

    According to Miahona, the project scope includes capital investment, land utilisation, service provision and revenue generation through treated water sales, within a 25-year rehabilitation, operation and transfer (ROT) framework.

    Last year, Miahona Company and Belgium’s Besix won the contract to develop and operate the Al-Haer independent sewage treatment plant (ISTP) project in Riyadh, Saudi Arabia.

    Another local firm, Power & Water Utility Company for Jubail & Yanbu (Marafiq), subsequently joined the developer team.

    The Al-Haer ISTP project involves the development of a water treatment plant with a capacity of 200,000 cubic metres a day (cm/d).

    It also includes the development of a treated sewage effluent (TSE) reuse system that covers a 32-kilometre pipeline with a capacity of 400,000 cm/d, a pumping station and TSE reservoir tanks with a capacity of 200,000 cubic metres.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/13578624/main.jpg
    Jennifer Aguinaldo