Abu Dhabi National Energy Company (TAQA), in collaboration with JERA Co, Japan’s largest power generation company, has announced a significant venture in the energy sector. The companies have unveiled a power and steam purchase agreement with Saudi Aramco Total Refining and Petrochemical Company (SATORP), a joint venture between Saudi Aramco and TotalEnergies.
The focal point of this agreement is to develop a greenfield industrial steam and electricity cogeneration plant. This facility will provide electricity and steam to the upcoming Amiral petrochemical complex in Jubail, Eastern Province, Saudi Arabia. The Amiral complex is anticipated to host one of the largest mixed-load steam crackers in the Arab Gulf region.
Ownership and operation structure
A special purpose entity will oversee the development of the Amiral cogeneration plant. TAQA owns 51 percent of that entity while JERA owns 49 percent. The agreement spans a 25-year build, own and operate basis, extendable by mutual agreement for an additional five years. Moreover, TAQA and JERA will also jointly manage the operation and maintenance of the plant through a special-purpose entity.
Cutting-edge technology
TAQA and JERA’s Amiral plant will feature state-of-the-art power and steam generation systems, alongside advanced gas and water receiving systems. Notably, it will be equipped with gas-insulated switchgear interconnections, ensuring optimal efficiency. Furthermore, the project will adhere to the stringent efficiency standards of the Saudi Energy Efficiency Center. The project also allows for the future installation of a carbon dioxide capture plant and the capability for hydrogen cofiring.
Sustainable energy
Farid Al Awlaqi, CEO of TAQA Generation, explained that the partnership with JERA aims to develop an efficient cogeneration plant that reduces carbon emissions. Moreover, this project supports SATORP’s long-term decarbonization program. “The agreement will bolster TAQA’s efforts in building on our growth and executing on our 2030 goals,” he added.
For his part, Steven Winn, Chief Global Strategist of JERA, highlighted that the partnership with TAQA will provide stable, highly efficient, clean and reliable power and steam to SATORP. Hence, the Amiral cogeneration plant will enhance the Amiral Complex’s operational efficiency and demonstrate JERA’s commitment to sustainability in Saudi Arabia and the region.
For more news on energy, click here.
