Abu Dhabi’s Taqa joint venture project in Saudi Arabia reaches financial closing

By Staff Reporter

Dubai: The Abu Dhabi utility company Taqa has done the financial closing for a new steam and electricity cogeneration plant in Saudi Arabia. Taqa’s partner in the project – located in Saudi Arabia’s Eastern Province – is Japan’s Jera Co.

Once built, the Najim Cogeneration Company will produce electricity and steam for a petrochemical complex located in Jubail, Saudi Arabia. It will supply 475MW of power and nearly 452 tonnes per hour of steam from advanced combined cycle gas fired technology for the Satorp Strategic Expansion petrochemical complex.

Source: Gulf News