Al Ittihad stages dramatic comeback to defeat Al Kholood 4-3 in thriller    55 Saudi companies take part in Baghdad International Fair    10,295 illegal residents deported in a week    Nazaha arrests 158 ministry employees over corruption charges    Health minister: 40% fall in mortality rates caused by chronic diseases since 2017    Arab ministerial meeting in Cairo rejects displacement of Palestinians    Venezuela frees six detained Americans after Trump envoy meets with Maduro    Saudi Arabia's non-oil exports with Gulf countries soar 43% to SR9.4 billion in November    Fitch affirms Saudi Arabia's Credit Rating at 'A+' with a Stable Outlook    Saudi foreign minister and US Secretary of State discuss bilateral relations and regional developments    Small plane crashes into buildings in northeast Philadelphia, sparking fires and injuries    Trump imposes tariffs on Mexico, Canada, and China, escalating trade tensions    Saudi Arabia mandates national attire for male secondary school students    Al Nassr signs Colombian striker Jhon Durán from Aston Villa    Al Hilal returns to winning ways with a dominant 4-0 victory over Al Okhdood    Al Ahli signs Brazilian winger Galeno from Porto on a long-term deal    Saudi composer Nasser Al-Saleh passes away at 63    Saudi drama icon Mohammed Al-Towayan passes away at 79    Singer and actress Marianne Faithfull dies at 78    Saudi Arabia launches inaugural Art Week Riyadh on April 6-13    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Aramco to seek partners to build three power plants
Published in The Saudi Gazette on 24 - 11 - 2010

JEDDAH: Saudi Aramco is seeking partners to help build three power plants for its expanding refining and chemicals businesses, sources said.
The company aims to build three facilities and expand units at three existing sites at a total cost of about $1 billion, said the people, who asked not to be named since the project is not public. A Dhahran-based spokesman for Saudi Aramco declined to make any immediate comment when contacted by telephone.
Aramco's plan may quadruple its generating capacity, adding as much as 3,000 megawatts of power, one of the people said. Those facilities may run on crude oil-based liquid fuels since the country lacks natural gas resources to guarantee supply, the person said.
Gulf oil producers are expanding petrochemical production and refining capacity to diversify their economies away from exports of raw crude and manufacture higher-margin products. The project would supply power only to Aramco's facilities rather than the national network.
Once complete, the plan would give Aramco control over about 8 percent or the country's overall generating capacity. Saudi Arabia's capacity was about 45,000 megawatts last year, according to state provider Saudi Electricity Co.
Tenders for the project may be issued in the second quarter of next year, the people said. HSBC Holdings Plc is advising Aramco on the tenders. The power plant expansion was previously reported by the Middle East Economic Digest.
Aramco is building three refineries, at Jubail in the east, Yanbu on the Red Sea and Jazan in the south. It is also constructing a petrochemical complex at Jubail, an industrial city on the Persian Gulf coast. Power plants capable of producing between 500 megawatts and 1,000 megawatts each may be built in those cities, according to the project's initial plan. The company hasn't fully determined the size and fuel source for the generators.
Aramco gets direct supply of 1,076 megawatts from Tihama Power Generation Co., a joint venture of International Power Plc and builder Saudi Oger Ltd. Tihama's gas-fired plants are located at Aramco production facilities at Ju'Aymah, Ras Tanura, Shedgam and Uthmaniyah.
Tihama may be asked to expand those generators as part of Aramco's strategy, sources said.
Saudi Oger and International Power spokespeople declined to comment on whether Tihama would be involved in Aramco's expansion plan.
Aramco also draws power from the national electricity grid. Producing its own power will give it more control over supply to its refinery sites and over fuel provided to the generators, one of the sources said.


Clic here to read the story from its source.