Acwa Power inks $900 mn contract for Neom Green Hydrogen Project
POWER & RENEWABLE ENERGY

Acwa Power inks $900 mn contract for Neom Green Hydrogen Project

Acwa Power, located in Saudi Arabia, has signed a $900 million engineering, procurement, and construction (EPC) contract for the Neom Green Hydrogen Project, which is now under development in Neom, Saudi Arabia. Acwa Power, Air Products, and Neom are working jointly on the project.

According to Acwa Power's report to the Saudi market Tadawul, the signing of the Limited Notice To Proceed (LNTP) agreements was regarding the EPC contract for the world's biggest green ammonia factory, with a projected capacity of 1.2 million tonnes per year, which is coming up in Neom.

The LNTP agreements included: in-kingdom LNTP about the EPC contract between Neom Green Hydrogen Company and Air Products Middle East Industrial Gases; in-kingdom LNTP in relation to the EPC contract between Neom Green Hydrogen Company and Air Products Middle East Industrial Gases; in-kingdom LNTP about the EPC contract Out-of-Kingdom LNTP about Neom Green Hydrogen Company and Air Products Equipment Limited's EPC contract; Guarantee and coordination with the parent company The statement closed with a deed for the LNTP regarding the EPC contract between Neom, Acwa Power, Air Products Saudi Arabia Investment Company, Air Products Equipment, Air Products Middle East Industrial Gases, and Air Products and Chemicals.

Image Source

Acwa Power, located in Saudi Arabia, has signed a $900 million engineering, procurement, and construction (EPC) contract for the Neom Green Hydrogen Project, which is now under development in Neom, Saudi Arabia. Acwa Power, Air Products, and Neom are working jointly on the project. According to Acwa Power's report to the Saudi market Tadawul, the signing of the Limited Notice To Proceed (LNTP) agreements was regarding the EPC contract for the world's biggest green ammonia factory, with a projected capacity of 1.2 million tonnes per year, which is coming up in Neom. The LNTP agreements included: in-kingdom LNTP about the EPC contract between Neom Green Hydrogen Company and Air Products Middle East Industrial Gases; in-kingdom LNTP in relation to the EPC contract between Neom Green Hydrogen Company and Air Products Middle East Industrial Gases; in-kingdom LNTP about the EPC contract Out-of-Kingdom LNTP about Neom Green Hydrogen Company and Air Products Equipment Limited's EPC contract; Guarantee and coordination with the parent company The statement closed with a deed for the LNTP regarding the EPC contract between Neom, Acwa Power, Air Products Saudi Arabia Investment Company, Air Products Equipment, Air Products Middle East Industrial Gases, and Air Products and Chemicals. Image Source

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?