TAQA, Marubeni agree to build power & water plants for Aramco

By Arya M Nair, Intern Reporter
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TAQA
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Abu Dhabi National Energy Company (TAQA) has partnered with Marubeni Corporation, to develop a greenfield cogeneration power and water desalination project in Saudi Arabia with the world’s largest oil and gas company, Saudi Aramco.

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

According to a report, TAQA and Marubeni have inked a water and energy conversion agreement for a groundbreaking greenfield industrial facility, as well as supporting infrastructure such as pipelines to connect the desalination and cogeneration plants to end-users.

The plants will be developed through a special-purpose vehicle in which TAQA and Marubeni will have a 60 percent stake and Saudi Aramco has a 40 percent stake. 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
Farid Al Awlaqi
Executive Director – Generation
TAQA

“TAQA is pleased to partner with Marubeni and Saudi Aramco on a project of such strategic importance to the Kingdom. 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.”

TAQA has made a strong commitment to increasing its generation capacity by up to 15 GW globally by 2030 and this project demonstrates the progress it is making while also expanding its existing footprint in Saudi Arabia.

Related: Abu Dhabi DoE unveils emirate’s 1st integrated water model at GITEX 2021


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