Saudi Aramco signs Pioneering Cogeneration Deal with International Power, Saudi Oger
Article from: OGEL 1 (2004), in Electricity Law and Regulation
Dhahran, 20 December 2003 - Saudi Aramco has signed a series of four energy conversion agreements with a private-sector consortium comprising International Power of the United Kingdom and Saudi Oger, to implement four cogeneration projects to supply electricity and steam to Saudi Aramco. The projects will produce over 1,000 megawatts of electricity and more than 4 million pounds of steam per hour. The projects will be implemented under the 'BOOT' (Build-Operate-Own-Transfer) business model, whereby the investors will build, own and operate the cogeneration facilities and ...