Abu Dhabi National Energy Company PJSC together with JERA Co., Inc. announced that they have entered into a Power and Steam Purchase Agreement with Saudi Aramco Total Refining and Petrochemical Company ("SATORP"), a joint venture company owned by Saudi Arabian Oil Company ("Saudi Aramco") and TotalEnergies, to develop a greenfield industrial steam and electricity cogeneration plant that will produce electricity and steam for the Amiral petrochemical complex to be developed in Jubail in the Eastern Province of the Kingdom of Saudi Arabia. The Amiral petrochemical complex is expected to house one of the mixed-load steam crackers in the Arab Gulf region. The Amiral cogeneration plant will include power and steam generation systems, gas and water receiving systems, and gas insulated switchgear interconnections while at the same time meeting stringent efficiency standards imposed by the Saudi Energy Efficiency Center.

The project also has provision for the future installation of a carbon dioxide capture plant and is capable of hydrogen cofiring. The Amiral cogeneration plant will be developed by a special purpose entity owned by TAQA (51%) and JERA (49%) on a 25-year build, own, and operate basis extendable by five years on mutual agreement. TAQA and JERA will also undertake the operation and maintenance ("O&M") of the plant through an O&M special purpose entity.