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. (CONTINUED - 301 WORDS)