Saudi Aramco Cogens Appointment
Verus Partners has been engaged by Marubeni Corporation to advise a consortium bidding for Aramco’s third party cogeneration projects in Abqaiq, Hawiyah and Ras Tanura in the Kingdom of Saudi Arabia. The projects will provide a total of 770-950 MW of power and 2,800-3,200 thousand pounds/hour of steam to Aramco facilities under an energy conversion agreement that will run for twenty years from the completion of construction on a BOOT basis. Completion of the last project is expected in 2016.