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Project Title |
Integrated Petrochemicals, Power & Water Complex |
Project Value |
US
$1.3 billion
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Client |
Kuwait Finance House, Bahrain |
Project Scope
The plant will produce 315,000 tonnes a year of ethylene dichloride, 500,000 t/y of caustic soda and 167,000 t/y of liquefied petroleum gas. The facility will also produce 1,000MW of power, of which about 200MW will be needed internally, and 30 million gallons a day of water, of which about 4.5 million g/d will be used within the plant.
Schedule
An application with the Industry Ministry was lodged during mid-Sept’ 2004 and is understood to request locating the project in Sitra. In the event of government approval, construction packages would be tendered in the first quarter of 2005, with completion scheduled for 2008. Kuwait Finance House has signed offtake agreements for the entire output from the petrochemical portion and is preparing clarifications for the government in order to acquire an industrial license. Discussions are underway over the terms of potential electricity and water supply agreements with Manama.
Remarks
Studies into the power element of the project were carried out by the US’ General Electric (GE) which is also understood to consider operating the power plant. The UK’s Weir Westgarth is the consultant on the desalination element, which will use multi- stage flash technology. The consulting arm of Stone & Webster, part of the US’ Shaw Group, advised on the petrochemicals portion of the scheme in co-operation with Germany’s Uhde and the US’ Chicago Bridge & Iron. KFH will take a 10 percent stake in the project. Norton & Rose has been appointed legal advisor. The scheme will be $900 million debt funded.
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