Logo of Abu Dhabi National Energy Co.
Abu Dhabi National Energy Co. (TAQA) along with Marubeni Corporation announced today, Oct. 21, 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), both companies said in a joint statement.
TAQA and Marubeni signed a water and energy conversion agreement for a landmark greenfield industrial facility, as well as to develop supporting infrastructure, including pipelines to connect the desalination and cogeneration plants to end users.
A special-purpose vehicle (SPV) 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 (BOOT) basis.
This project aims to supply electricity, steam and desalinated water to Saudi Aramco’s nearby oil and gas facilities.
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