Marubeni, HZI & JOIN consortium has won a contract for Abu Dhabi Waste-to-Energy Project

by with No Comment News

Marubeni Corporation alongside Hitachi Zosen Inova AG and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (hereinafter, “JOIN”), has concluded a concession agreement with Emirates Water and Electricity Company (hereinafter, “EWEC”) and Tadweer Group for the Abu Dhabi Waste-to-Energy Project (hereinafter, the “Project”), to be deployed in the Emirate of Abu Dhabi, in the UAE.

Marubeni, through a special purpose company to be jointly owned by a consortium consisting of Marubeni, HZI, and JOIN in cooperation with Tadweer Group, will construct, operate, maintain, and own the Waste-to-Energy plant, with an annual capacity for the treatment of 900,000 tons of waste and for 80MW power generation. This will be the first Waste-to-Energy plant in Abu Dhabi and will be owned and operated for 30 years, with EWEC procuring the electricity produced over that period.

Through the Project, the method used for waste treatment will transition from landfilling to incineration, thereby reducing methane gas emissions from landfills, with the expectation of attendant reductions in CO2 emissions to an equivalent of 1.1 million tons per year. 

Marubeni will continue to contribute to the development of a sustainable society through stable waste treatment, utilizing its experience in business development of this project as well as the track record in the construction of the plant in the waste treatment sector, where further growth is expected going forward.

Source: Marubeni Corporation

Marubeni Signs a Water and Energy Conversion Agreement for the Tanajib Cogeneration and Desalination Project in the Kingdom of Saudi Arabia

by with No Comment News

Marubeni Corporation (hereinafter, “Marubeni”) hereby announces that, together with Abu Dhabi National Energy Company PJSC (hereinafter, “TAQA”), Marubeni has signed a Water and Energy Conversion Agreement to develop a greenfield industrial steam, water and electric cogeneration plant and seawater desalination plant, as well as pipelines between the cogeneration plant and the desalination plant, and also the desalination plant and facilities of Saudi Arabian Oil Company (hereinafter, “Aramco”) on September 15, 2021.

The plants will be located in Tanajib, in the Eastern Province of Saudi Arabia, on land procured by Aramco, and this project will supply electricity, steam, and desalinated water to the new oil and gas facilities in the area owned by Aramco. Under the contract, Marubeni and TAQA will operate the plants for 20 years on a build, own, operate, and transfer basis.

Marubeni, TAQA, and Aramco have established a special-purpose company in Saudi Arabia and will develop the cogeneration plant and the seawater desalination plant with a net capacity of approximately 940MW of electricity generation, a steam output of approximately 1,084 tons per hour, and a desalinated water output of approximately 19,470 cubic meters per day. The cogeneration plant consisting of gas turbines, heat recovery steam generators, and steam turbines can efficiently generate electricity with the waste heat used to generate process steam and achieve high thermal efficiency, which contributes to carbon emissions reduction by reducing natural gas consumption.

This will mark Marubeni’s 4th power and water project in Saudi Arabia, adding to the existing Third Party Cogeneration Projects (900MW of power, 1,500ton/h of steam) (*1); the Shuqaiq 3 Independent Water Project (450,000m³/day of water)(*2); and the Rabigh Solar PV IPP Project (300MW of power)(*3).

Marubeni owns stakes in power projects across 19 countries (including Japan) for a total net capacity of about 12GW. Also, Marubeni will continue to deploy its expertise and experience in the power generation business, and at the same time contribute to the establishment of a sustainable society by providing reliable sources of power that are also environmentally friendly.

Source: Marubeni

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Samsung C&T bags construction contract for EWEC’s Fujairah F3

by with One Comment News

Seoul-based and Korea Exchange-listed (KRX) Samsung C&T has been awarded the $948.5m contract for the construction of the 2.4GW Fujairah F3 combined cycle power plant by Japan’s Marubeni Corporation.

Fujairah F3 is Emirates Water and Electricity Corporation’s (EWEC) thirteenth project to be developed under the independent power producer (IPP) model. The project will be constructed between the existing Fujairah F1 and Fujairah F2 power and water plants.

Earlier this month, Abu Dhabi Power Corporation (ADPower), which is owned by Abu Dhabi Development Holding Company and Japan-based Marubeni Corporation formed a consortium to begin construction works on Fujairah F3.

In a statement, Samsung C&T said that it will carry out work on the project as an exclusive engineering, procurement, and construction (EPC) contractor. The construction phase of the project is expected to complete in April 2023.

The company added that one of the major reasons behind it winning the contract has been its “extensive experience in building many power plants throughout the Middle East”.

Once complete the plant will fulfil power needs of nearly 380,000 homes in the northern region of the UAE.

The government of Abu Dhabi will indirectly own a 60% stake in the project, while the remaining 40% will be owned by Marubeni Corporation.

Source: http://bit.ly/2uvLysY