| Country |
: |
Qatar |
| Project Value |
: |
USD 1,000,000,000 |
| Sector |
: |
Power and Water | Power Generation |
|
Consultant |
: |
Mott MacDonald Limited
(Technical) |
|
Contractor |
: |
Jv of General Electric International Incorporation and Doosan Heavy Industries and Construction Company
(EPC) |
| Profile Type |
: |
Standalone Project
|
| Associated Projects |
: |
| Related Projects (2) |
|
| Completed
|
|
Completion: Aug 2011
|
|
|
|
| Background |
QatalumQatalum , the aluminium smelter company in Qatar, plans to build a captive power plant in Mesaieed, Qatar.
The plant will serve the 585,000 t/y aluminium smelter.
Mott MacDonaldMott MacDonald is the technical consultant. |
| Latest Events |
In August 2011, the project was completed. |
| Previous Events |
In May 2011, the construction of the project was completed.
In March 2009, two turbines were completed.
In July 2007, the EPC contract was awarded to the consortium of General Electric (GEGE) and Doosan Heavy Industries and Construction Company.
In Q1 2007, bidders submitted their proposals for the EPC contract.
In August 2006, companies were invited to submit their EOIs for the EPC contract for the power plant.
In March 2006, QPQP and Hydro Aluminium signed an agreement to form a joint venture company, QatalumQatalum , for the development, construction and operation of the QatalumQatalum aluminum plant in Qatar. |
| Scope of Work |
Construction of a combined cycle gas-fired power plant of 1,350 MW capacity with a configuration that includes four F-Class turbines and two steam turbines.
The plant includes four 9FA gas turbines, two steam turbines and a heat recovery steam generator supplied by Doosan Heavy Industries and Construction Company. |
| Financing Source |
BNP ParibasBNP Paribas is the financial advisor.
The limited recourse financing is comprised of a USD2.25 billion commercial bank term loan facility and a USD350 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 BankArab Bank, Arab Banking CorporationArab Banking Corporation, APICORPAPICORP, Banco Bilbao Vizcaya Argentina, Bank of Tokyo Mitsubishi UFJBank of Tokyo Mitsubishi UFJ, Barclays CapitalBarclays Capital, Bayerische Hypo- und Vereinsbank, BNP ParibasBNP Paribas, Calyon, China Construction Bank Corporation (Hong Kong), Commerzbank, DnB NOR Bank, Doha BankDoha Bank, Europe Arab BankArab Bank, Export Development Canada (EDC), Fortis Bank, Goldman SachsGoldman Sachs, Gulf International BankGulf International Bank, ING, Intesa Sanpaolo, Kreditanstalt fur Wiederaufbau, MashreqBankMashreqBank, Mizuho, National Australia Bank, NatixisNatixis, Nordea Bank, Royal Bank of ScotlandRoyal Bank of Scotland, Société Générale, Standard CharteredStandard Chartered, Sumitomo Mitsui Banking CorpSumitomo Mitsui Banking Corp, WestLB, and Woori Global Markets Asia.
On 23 August 2007, QatalumQatalum closed a USD 2.6 billion project finance package with lending institutions for the construction of a new aluminium smelter. |
| Related Projects |
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| Project News |
|
|
| Schedule | Contract Phase/Phase | Description |
| Aug 2006 |
EPC | Companies invited to submit EOIs
|
| Q1 2007 |
EPC | Bidders submitted their proposals
|
| Jul 2007 |
EPC | Contract awarded to a consortium of General Electric and Doosan Heavy Industries & Construction Co.
- Alstom
- IBERDROLA Engineering and Construction - Qatar
- JV of General Electric and Doosan Heavy Industries and Construction Company
- Marubeni Corporation
- Siemens
|
- JV of General Electric and Doosan Heavy Industries and Construction Company
|
|
| Mar 2009 |
EPC | Two turbines completed
|
| May 2011 |
EPC | Construction completed | | | Commissioning | Commissioning started
|
| Aug 2011 |
Completion | Project completed
|
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