Business & Money | Monday 19 December, 2016 12:45 pm |

Doosan Heavy Industries & Construction, Korea’s leading power solutions company, announced today the signing of about $ 900 million contract with global energy supplier Engie for the construction of Fadhili Combined Heat and Power Plant in Saudi Arabia which will be jointly owned by a Saudi Aramco affiliate (30%), Saudi Electricity Company (30%) and an Engie affiliate (40%).

 

Doosan will be in charge of the engineering, procurement, construction (EPC) work and commissioning of the cogeneration facility within the Fadhili gas plant located 85km northwest of Jubail Industrial port in Saudi Arabia’s eastern province. The Fadhili gas plant project, a key milestone of the Kingdom’s Master Gas System, 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 1,509MW combined heat and power plant will supply 400MW of electricity and steam for the Fadhili gas plant itself, and the remaining 1,100 megawatts will supply electricity to 1.1 million households nationwide.

 

“We are thrilled to be part of the Kingdom’s journey toward greenfield development,” said Huntak Kim, the EPC BG CEO of Doosan Heavy Industries & Construction. “The cogeneration plant will enhance the overall energy efficiency of the Fadhili gas plant. It will give Doosan an increased advantage to deliver more of its advanced power solutions and services where 40,000 MW of power capacity increase from combined heat and power plants is planned by 2024.”

 

Sebastien Arbola, the Chief Executive Officer of ENGIE Middle East, South Central Asia, and Turkey added, “The Fadhili gas plant is one of the key projects being pursued by the Kingdom to meet its power demands. ENGIE and Doosan have achieved major projects together in Oman, Qatar and Thailand. We have confidence to lead this project to success. ”