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TAQA, JERA And AlBawani Announce Financial Closing Of Rumah 2 And Al Nairyah 2 Power Plants
TAQA, JERA And AlBawani Announce Financial Closing Of Rumah 2 And Al Nairyah 2 Power Plants
About this update from Taqa Arabia
ABU DHABI NATIONAL ENERGY COMPANY PJSC ADX:TAQA:TAQA, JERA AND ALBAWANI ANNOUNCE FINANCIAL CLOSING OF RUMAH 2 AND AL NAIRYAH 2 POWER PLANTSTAQA - 3.6 GW OF ADDITIONAL POWER CAPACITY TO SUPPORT SAUDI ARABIA’S GROWING ENERGY DEMANDTAQA - TWO GREENFIELD POWER PLANTS REPRESENT A COMBINED $4 BILLION INVESTMENT (APPROXIMATELY AED 14.7 BILLION)CONSTRUCTION WILL BE UNDERTAKEN THROUGH SPECIAL PURPOSE ENTITIES OWNED BY TAQA 49%, JERA 31% AND ALBAWANI 20%OPERATION AND MAINTENANCE (O&M) WILL BE CARRIED OUT BY DEDICATED O&M COMPANIES OWNED BY CONSORTIUMEPC CONTRACTS WERE AWARDED TO HARBIN ELECTRIC INTERNATIONAL CO. LTD AND CHINA TIESIJU CIVIL ENGINEERING GROUP CO. LTDCONSORTIUM SELECTED SIEMENS ENERGY LLC AS ORIGINAL EQUIPMENT MANUFACTURER FOR THE PROJECTS