Loan No: | 587 | Interest Rate: | 3.0 % |
Beneficiary: | Al-Samra Electric Power Generating Company | Grace Period: | 4 years |
Project Cost: | KD 31.9 million | Maturity: | 22 years |
Amount of Loan: | KD 30.0 million | Repayment: | 37 semi-annual installments |
Date of Board Approval: | - | First Installment: | 4 years following the first disbursement |
Date of Loan Agreement: | 2013-02-11 | Date of Loan Effectiveness: | 2013-04-03 |
Objectives:
The project aims at satisfying the increasing demand for electric power and energy in the Kingdom starting in the summer 2013, especially in light of the unexpected increase in loads on the national grid due to the arrival of a large number of immigrants to the country as a result of the political situation in the region, and at substituting the energy being imported from the Egyptian grid, which is expected to drop sharply due to the lack of surplus in the Egyptian generating system. This will be accomplished through the expansion of the Al-Samra power generating station by adding a 140 MW gas turbine.
Description:
The project, which is expected to enter into service in the beginning of the third quarter of 2013, consists of the following main components:
- Station Expansion Works:
- Civil Works: This includes levelling of land, paving of roads, and laying of foundations for equipment and buildings included in the project site, along with constructing a building to house the control system for the gas turbine.
- Gas Turbine: This includes the supply and installation of a 140 MW outdoor type gas turbine, using natural gas as primary fuel and LFO as secondary fuel, and cooling, control and speed regulation equipment, along with the supply and installation of a 200 MVA, 15 kV rated electrical generator and its auxiliaries.
- Main Circuit Breaker: This includes the supply and installation of a 6,000 A, 15 kV, main circuit breaker, with the necessary measurement and protection equipment
- Power Transformer: This includes the supply and installation of a 200 MVA, 15/132 kV, power transformer to connect the gas turbine to the 132 kV transmission network.
- Auxiliary Mechanical Works: This includes the supply and installation of pumps, water tanks, fuel and natural gas systems inside the station, firefighting systems, along with test, maintenance and other equipment.
- Electrical Works inside the Station: This includes the supply and installation of the balance of the circuit breakers and power transformers, the cables and auxiliary transformers, rated at 15 kV and below, the measurement, protection and control equipment, along with the distribution network inside the station.
- Control System: This includes the system for controlling the gas turbine.
- Spare Parts: This includes the supply of spare parts for the gas turbine and its auxiliaries, for a period of 2 years
- Consultancy Services: This includes providing all consultancy services required for preparing design drawings, assisting in the tendering process, performing project supervision, participating in witness testing and preliminary acceptance of equipment included in the project.
Financing:
The Arab Fund’s loan covers about 94% of the total project cost. The Al-Samra Electric Power Generating Company will cover the remaining cost of the project and any additional cost that may arise.