To develop a greenfield industrial steam and electricity cogeneration plant that will produce electricity and steam for the Amiral petrochemical complex that is to be developed in Jubail, the Eastern Province of the Kingdom of Saudi Arabia, Abu Dhabi National Energy Company PJSC (“TAQA”), one of the largest listed integrated utility companies in Europe, the Middle East, and Africa, along with JERA Co., Inc. (“JERA”), the largest power generation company in Japan, announced that they have entered into a Power and Steam Purchase Agreement with Saudi Aramco Total Refining and Petrochemical Company (“SATORP”), a joint venture owned by Saudi Arabian Oil Company (“Saudi Aramco”) and TotalEnergies.
It is anticipated that the Amiral petrochemical complex will contain one of the biggest mixed-load steam crackers in the Arabian Gulf.
Modern power and steam generation systems, gas and water reception systems, and gas insulated switchgear linkages will all be features of the Amiral cogeneration facility, which will also adhere to the strict efficiency criteria set by the Saudi Energy Efficiency Center. In addition, the project may cofire hydrogen and includes provisions for the installation of a carbon dioxide capture facility in the future.
A special purpose organization owned by TAQA (51%) and JERA (49%) will develop the Amiral cogeneration plant on a build, own, and operate basis for 25 years, with an option to extend for an additional five years upon mutual consent.
Through an O&M special purpose vehicle, TAQA and JERA will also handle the plant’s operation and maintenance (O&M).
Chief Executive Officer of TAQA Generation, Farid Al Awlaqi, stated: “The confidence in TAQA’s ability to deliver critical utilities, including power and steam effectively is demonstrated by the signing of the offtake agreements for the cogeneration power and steam project at the Amiral petrochemical facility, a key downstream project being developed by two of the world’s leading energy companies.” TAQA is excited to work with JERA, our partner, to build an effective cogeneration facility that lowers carbon emissions and helps SATORP with its long-term decarbonization objective. The agreement will support TAQA’s efforts to achieve its 2030 goals and continue to grow.
“JERA is pleased to have signed the key project agreements for the Amiral Cogeneration Plant,” stated Steven Winn, chief global strategist at JERA. It is a significant achievement for all parties involved in the project. We will be supplying our customer SATORP with clean, dependable, dependable, and highly efficient power and steam in conjunction with our partner TAQA. In addition to improving the Amiral Complex’s operational effectiveness, the Amiral Cogeneration facility will highlight our region-wide growth aspirations for sustainable power generation solutions in the Kingdom of Saudi Arabia and beyond, as well as our dedication to environmental stewardship.
