4000 MW Renewable Energy Project for NEOM to find Up Near Jordan Border
- The engineering, procurement and construction (EPC) contract for the renewable projects will be awarded in a solitary tranche.
- The Kingdom of Saudi Arabia is forecasting NEOM city as a potential leader in green hydrogen.
The renewable energy projects that are being prepared by Saudi Arabia to supply electrical energy to the green hydrogen based ammonia plant in the city of NEOM show up to have actually been disclosed. As per media reports, the renewable energy projects will certainly be situated in the North-West region of Saudi Arabia. It will certainly be created near the Jordan border to assist the growth of the $6.5 billion ammonia plant.
There are 4 firms in race for the contract of the renewable energy project- Energy China, Power China Huadong, Sepco 3, as well as Larsen and also Toubro India. The contracts can be granted by the end of April, 2022.
According to the reports engineering, procurement and also construction (EPC) contract for the renewable projects will certainly be granted in a single go. The renewable project will certainly consist of solar and also wind power setups. The overall capacity of the projects will be 4,000 MW. There will be a transmission network running regarding 190km. A battery energy storage space system is also envisaged with other tenets of the project.
The consortium which is developing the green hydrogen supported ammonia plant, in process of evaluating the tendered bids for the construction of the green hydrogen as well as ammonia plant. The possible award for the plant will be of $600 million.
Players that are in the race for the agreement of the plant consist of China Tianchen Engineering Corporation, Consolidated Contractors Company from Lebanon and also Nasser S Al-Hajri Corporation of Saudi Arabia.
NEOM - A Hydrogen Leader
The Kingdom of Saudi Arabia is predicting NEOM city as a hub of green hydrogen. In the just recently held World Hydrogen MENA seminar in Dubai, individuals as well as panelists showed rate of interest in the multi-billion buck green hydrogen-to-ammonia project as an arising leader in the region.
Lately, energy developer ACWA Power has actually also signed an agreement for the development of the NEOM project. The EPC agreement is worth $900 million. It will be a joint venture for the renewable project aimed at generating 1.2 million tonnes of green ammonia every year.