Marubeni submitted a bid to Saudi Aramco for the construction of new cogeneration and desalination facilities, to be situated in the Eastern zone of Saudi Arabia – the Tanajib Cogeneration and Desalination Project.
The project is included in the Marjan cogeneration ISPP, which is planned to have a power capacity of 700 – 900 MW and a steam capacity of 1,152 – 3,054-kilo pounds per hour. This cogeneration facility will be developed side by side of the Tanajib desalination project, which will have a capacity of 24,000 c-m of fresh-water per day. This will be expandable to 34,000 c-m of fresh-water per day by 2030. Marubeni was one of four teams who submitted bids for the project, with the financial close for the winning bidder scheduled for February 2020.
Operis was happy to provide a formal model audit as part of the bid submission, comprising a review of the tax and accounting advice to the model.