Sadara Inks $3.8bn Power Deal

The Sadara petchems JV of Saudi Aramco and US firm Dow Chemical will receive power from state Saudi Electricity Company (SEC) under a 20-year SR14.13bn ($3.77bn) deal.

The first units at the 3.2mn tons/year, $20bn Sadara complex at Jubail, on the Gulf coast just north of the Saudi ‘oil capital’ of Dammam and key export terminal of Ras Tanura, are due online this year, with all units due to be fully operational in 2016.

The deal with SEC for power supplies has a 20-year renewable term and will succeed a 2013 interim contract running to 31 December 2015 to support plant construction and start-up. (CONTINUED - 302 WORDS)