TAQA Group, Marubeni to develop power and water project for Saudi Aramco

TAQA Group, Marubeni to develop power and water project for Saudi Aramco

ABU DHABI, 21st October, 2021 (WAM) -- Abu Dhabi National Energy Company (TAQA), along with Marubeni Corporation, announced today a partnership to develop a greenfield cogeneration power and water desalination project in Saudi Arabia with Saudi Aramco.

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

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.

A special-purpose vehicle has 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 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