Officials at the signing ceremony for the cogeneration plant.
Doosan, Engie win deal for $900m cogen plant
01 January 2017
Korea’s leading power solutions company Doosan Heavy Industries and Construction said it has jointly signed a $900-million contract with global energy supplier Engie for the construction of a combined cycle power plant (cogeneration plant) at the Fadhili gas plant, located 85 km northwest of Jubail Industrial Port in the Eastern Province.
An eco-friendly unit, the Fadhili combined heat and power plant will be jointly owned by a Saudi Aramco affiliate (30 per cent), Saudi Electricity Company (30 per cent) and an Engie affiliate
(40 per cent).
As per the deal, Doosan will be in charge of the engineering, procurement, construction (EPC) work and commissioning of the cogeneration facility within the Fadhili gas plant.
A key milestone of the kingdom’s master gas system, the SR50-billion ($13.3 billion) project is the nation’s initiative to meet the growing energy needs by shifting from oil to gas for power generation.
Scheduled for completion by November 2019, the 1,509 MW combined heat and power plant will supply 400 MW of electricity and steam for the Fadhili gas plant itself, while the remaining 1,100 MW will supply electricity to 1.1 million households nationwide.
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