Engie Secures Finance For Fadhili Cogeneration Plant

France’s Engie has reached financial close on the Fadhili independent power producer (IPP) project in Saudi Arabia. The gas-fired cogeneration (combined heat and power) plant will provide utilities for the 2.5bn cfd Fadhili gas processing plant, with start-up scheduled for 2019.

Engie says the $1.2bn cogeneration plant will be built alongside the Fadhili gas processing plant, which is under construction 50km northwest of Jubail to handle 2.5bn cfd of raw gas from the Hasbah and Khursaniyah fields to yield around 1.5bn cfd of sales gas.

The Fadhili cogeneration plant will deliver up to 1.51GW of electricity, 1,450 tons/hour of steam and 770 tons/hour of feed water. Korea’s Doosan Heavy is building the plant under an $864mn engineering, procurement and construction contract, incorporating turbines from Germany’s Siemens ( MEES, 23 December 2016 ). (CONTINUED - 301 WORDS)

DATA INSIDE THIS ARTICLE

chart Fadhili Ipp Finance ($Mn)