"energy" and" Jira" and"Patronile" A deal to finance the two electricity plants project is completed "Ramah 2" and"Al -Nairiya 2"

Abu Dhabi, September 3/ WAM/ Abu Dhabi National Energy Company “Energy”, along with the Japanese company “Jerra” – the largest electricity generation company in Japan, and “Al -Bawani Financial” (“” Al -Bani “), affiliated with” Al -Bani Holding ” – one of the leading Saudi groups in the areas of construction and development, on the completion of a financial closure deal to finance the project to establish two new stations to generate electricity in the Kingdom of Saudi Arabia.

The two stations are the “Ramah 2” station under the name “Rehab I energy”, and the “Al -Nairiya 2” station under the name “Nawras Energy” company.

This important stage has been completed under the supervision of the Ministry of Energy in the Kingdom in partnership with the “Saudi Energy Procurement Company”, after the signing of two energy purchasing agreements for a period of 25 years for each station between the partners “Taqah”, “Jira” and “Al -Bani”.

The two new stations will use a gas cycloster turbine to generate a total capacity of 3.6 GW of electrical energy, while the construction project of the two stations is being implemented according to the form: construction, ownership, and operation, and will provide support for efforts to meet the growing demand for energy in the Kingdom.

The establishment of the two stations requires a total investment of approximately 4 billion US dollars. The first, the Saudi National Bank, the Arab Petroleum Investment Corporation, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, China Bank, and Abu Dhabi First Bank.

The two stations will be established through companies with a special purpose that is distributed from the partners as the following: “Energy” 49%, “Jira” 31%, and “Al -Bani” 20%.

Other private companies will take charge and maintenance according to the ownership shares themselves, and engineering, purchases and construction contracts have been granted to both stations to Harbin Electric International Limited, and the “Chaina Taysijo Seville Engineing Limited” group.

The two stations will be equipped with a high -efficient and newestly composite gas -cycle turbine, while preparing them with a future possibility to install the technologies designed to capture carbon, in support of the goals of the Saudi Energy Ministry to extract carbon, which is stipulated in the Saudi Vision 2030. The two projects are also compatible with the ambition of the Saudi Green Initiative related to the zero neutrality for greenhouse gases by 2060 within the framework of the circular economy approach For carbon.

The company’s coalition was chosen as “Siemens Energy” as a manufacturer of the basic equipment of the project, as operating and maintenance companies have entered into long -term service agreements with them.

The two projects provide support for the Kingdom’s ambitions to enhance the energy mix and meet the growing demand for energy.

Farid Al -Awlaki, CEO of the Electricity and Water Desalination Business Sector in “Energy”, said that the completion of this deal is an important step towards making progress in the project to develop the two stations, which establishes an energy status such as the preferred business partner for global -level facilities projects, and as the main developer of the two stations project, the energy of its capabilities and international experiences will be harnessed to support the Kingdom’s ambitions by producing an optimal mixture of energy.

He pointed out that the construction work at the two stations is continuing steadily with the completion of the initial business stage recently, while the two stations are developed in a way that meets the aspirations of the future by preparing them with high -efficient vehicle gas turbines, confirming the firm commitment to growth and carbon removal.

For his part, Stephen Win, head of the strategy for global projects in “Jira”, welcomed the completion of a deal to finance the two stations project in accordance with the energy purchase agreement and financing agreements with the main financing bodies, which reflects the extensive capabilities of Jira and her global expertise in the field of developing projects of such a volume in the need.

He added that the two stations project will enhance the presence of “Gira” in the Kingdom of Saudi Arabia, and its contribution to supporting the Kingdom’s efforts to ensure reliable and sustainable energy supplies, and the two stations will have a future possibility to extract carbon, in line with the goal of “Jira” to achieve climate neutrality by 2050.

For his part, Eng. Fakhr Al -Shawaf, CEO of Al -Bani Holding Company, affirmed that this achievement constitutes a milestone in the “Al -Bani” march and its support for the transformation of energy in the Kingdom in line with the Vision 2030, and through its partnership with the “Taqah” and “Jira” companies, noting that these strategic projects will provide sustainable energy solutions that contribute to economic growth and prosperity in the Kingdom of Saudi Arabia.

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