KSA Business: TAQA, Marubeni to develop power and water project for Aramco – Gulf Digital News

KSA Business: TAQA, Marubeni to develop power and water project for Aramco – Gulf Digital News

Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utility companies in the EMEA region, along with Marubeni Corporation, announced today a partnership to develop a greenfield cogeneration power and water desalination project in Saudi Arabia with the world’s largest integrated oil and gas company, Saudi Aramco.

 

The Tanajib Cogeneration and Desalination Project will have a net capacity of 940 megawatts (MW) of power generation, 1,084 tons per hour of steam and 5.25 million imperial gallons per day (MIGD) of desalinated water gross capacity (net capacity: 4.3 MIGD). 

 

TAQA and Marubeni have signed a water and energy conversion agreement for a landmark 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 been created to develop the plants with TAQA and Marubeni holding a 60% stake and Saudi Aramco with 40%. Under the contract, TAQA and Marubeni will operate the plants for 20 years on a build, own, operate, and transfer basis. This project aims to supply electricity, steam and desalinated water to Saudi Aramco’s nearby oil and gas facilities. 

 

Farid Al Awlaqi, TAQA Group’s Executive Director of Generation, said: