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Tue, 02 Dec 2008 | 21:51 GMT

Projects Monitor 

Updated: 26Nov08
 
Qatalum Aluminum Smelter
Country : Qatar
Project Value : USD 5,600,000,000 (estimated)
Sector : Industry | Aluminium
Contractor : SNC Lavalin
Profile Type :  Standalone Project
Status
EPC
Execution

Completion: Q2 2010
 
 
Owner : QatalumQatalumLoading... - Qatar
Shareholders : Qatar PetroleumQatar PetroleumLoading... - Qatar - 50.00 %
Hydro Aluminium - Norway - 50.00 %
Location : Mesaieed Industrial City
Contract Type : EPC - Engineering, Procurement, Construction
Payment Terms : Lump Sum Turnkey (LSTK)
Facility Type : Aluminum smelter
Capacity : 585,000 t/y
Background Qatalum plans to develop an aluminum smelter in Mesaieed Industrial City, Qatar.

The smelter will have a capacity of 585,000 t/y and could be expanded to a capacity of approximately 1.2 million t/y.

The Qatalum aluminum smelter forms the main component of the Qatalum project. The second component entails the construction of a captive power plant with a capacity of 1,250 MW.

SNC LavalinSNC LavalinLoading... carried out FEED.
Current Status In August 2008, 36% of the overall project construction was completed. The plant will start commissioning in Q4 2009 and will reach full production capacity in Q2 2010.

On 19 November 2007 the foundation stone was laid and the construction work started on site.

In October 2007, Solios Carbone from France was awarded the EPC contract for the gas treatment centres.

In September 2007, Qatalum awarded the contracts to build the anode baking plant, green anode plant and cast house. The consortium of Fata Group, Italy and K Home International, UK was awarded the USD 500 million anode baking plant and cast house. Solios Carbone of France was awarded the green anode plant.

In July 2007, Qatalum issued the final approval for the development of the project.

In November 2006, the EPC contract for the services area and potroom building of the plant was awarded to SNC LavalinSNC LavalinLoading... for a value of USD 700 million.

In March 2006, Qatar Petroleum and Hydro Aluminium signed an agreement to form a joint venture company, Qatalum, for the development, construction and operation of the Qatalum aluminum plant.
Scope of Work Construction of a reduction aluminum plant, a pot-room and a smelter, cast house, carbon plant with related facilities.
Expected Schedule
PhaseScheduleDescription
Commissioning Q4 2009 Commissioning expected to start
Completion Q2 2010 Project expected to be completed
Financing Source Total investment cost of the project was originally estimated at USD 4.8 billion. On 30 October 2007, Norsk Hydro ASA indicated that the cost of the project will rise by USD 800 million to around USD 5.6 billion due to cost increases.

On 23 August 2007, Qatalum closed a USD2.6 billion project finance package with lending institutions for the construction of a new aluminium plant.

The limited recourse financing is comprised of a USD2.25 billion commercial bank term loan facility and a USD 350 million Export Credit Agency (ECA) with GIEK of Norway. The commercial bank term loan facility was joined by 30 banks and Export Development Canada.

The mandated lead arrangers (MLAs) comprise Arab Bank, Arab Banking Corporation, APICORP, Banco Bilbao Vizcaya Argentina, Bank of Tokyo Mitsubishi UFJ, Barclays Capital, Bayerische Hypo- und Vereinsbank, BNP Paribas, Calyon, China Construction Bank Corporation (Hong Kong), Commerzbank, DnB NOR Bank, Doha Bank, Europe Arab Bank, Export Development Canada (EDC), Fortis Bank, Goldman Sachs, Gulf International Bank, ING, Intesa Sanpaolo, Kreditanstalt fur Wiederaufbau, MashreqBank, Mizuho, National Australia Bank, Natixis, Nordea Bank, Royal Bank of Scotland, Société Générale, Standard Chartered, Sumitomo Mitsui Banking Corp, WestLB, and Woori Global Markets Asia.

BNP Paribas was the financial advisor.
Project Notes The other awarded contracts include the following:

Anode service plant contract awarded to Kempe Engineering Service of Australia.
Anode superstructures contract awarded to China Great Wall Construction Corporation.
Busbar materials contract awarded to Salzburger Aluminium of Austria.
Pot control system contract awarded to ABB, Europe.
Pot tending machines contract awarded to NKM Noell Special Cranes of Germany.
Pot shells to Ahmed Mansoor Al Aali Company of Bahrain.
PhaseScheduleDescription
EPC Aug 2006 Bidders submitted their proposals
  Nov 2006 Contract awarded to SNC Lavalin
  19 Nov 2007 Foundation stone laid and construction work started
Commissioning Q4 2009 Commissioning expected to start
Completion Q2 2010 Project expected to be completed

Project News

13-Nov-2008 Qatar aluminum project 'on track' - Arab News
25-Sep-2008 Norsk Hydro: Qatalum On Track; Short Term Growth Seen Muted - Zawya Dow Jones Newswires
25-Apr-2008 20pc work of Qatalum project finished - The Peninsula
03-Dec-2007 Qatar Inaugurates $5.6Bn Qatalum Project - MEES
19-Nov-2007 Qatar: $5.6bn Qatalum project stone to be laid today - The Peninsula
24-Aug-2007 Qatalum closes financing for $2.6bn project - The Peninsula
06-Aug-2007 Qatalum Attracts 32 Banks To Aluminum Smelter Project Loan - MEES
30-Jul-2007 Qatalum Aluminium Project To Commence Construction In 2007 - MEES
12-Jul-2007 Qatar: Qatalum awards GE, Doosan 1,250mw power plant project - The Peninsula
02-Jul-2007 Qatalum Appointing Over 30 Banks On Aluminum Smelter Project Loan - MEES
» More News
 
Qatalum Project, 8th Floor, Wakra Tower, P.O. Box 23086, Doha, Qatar
Tel: +974 441 3136/7/8 | Fax: +974 554 0721 | Email: info@qatalum.com | Website: http://www.qatalum.com
  • Name: Nardine Gerges
    Position: Assistant General Manager
    Tel: +974 413 1260
    Fax: +974 554 0721
    Email nardine@hillandknowlton.com.bh
  • Name: Truls Gautesen
    Position: General Manager
    Tel: +974 441 3136/7/8
    Fax: +974 554 0721
 
SNC Lavalin
Contractor 
API Tower #304-A, Sheikh Zayed Road, Dubai, UAE
Tel: +971 4 331-6422 | Fax: +971 4 331-6421 | Website: http://www.snc-lavalin.com
  • Name: Khaled Ali
    Position: Project Engineer, Qatalum
    Tel: +971 4 331-6422
    Fax: +971 4 331-6421
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