The Abu Dhabi National Energy Company (Taqa) has awarded a contract worth 34 million euro (Dh178 million) to Dutch company Frames Process Systems B.V. (Frames) for the delivery of the Dew Point Correction Units (DPCU) for the Bergermeer gas storage in the Netherlands, a senior company official told Gulf News yesterday.
"The contract was awarded to Frames Process Systems after evaluating several bids. A key component of Bergermeer gas storage is covered by this contract," said Allan Virtanen, a Taqa spokesperson based in the Netherlands.
"The total cost of construction and design of the Bergermeer gas storage is about ¤800 million," he added.
Taqa's shares on the Abu Dhabi Securities Exchange fell yesterday in line with the broader market sentiments.
Taqa's shares ended the day 0.79 per cent lower at Dh1.25.
The scope of supply comprises the design engineering, procurement, manufacturing, prefabrication, inspection, testing, and supplying of the materials for two independent DPCUs. The process installation will include 12 state-of-the-art vertical Silica Gel adsorption towers positioned in two production trains, Taqa said in a statement.
"The DPCUs will also include zero emission electrical heaters, heat exchangers and air-coolers. Frames will design and supply the complete process installation in segments which will be assembled on location in Alkmaar. Delivery of the DPCUs is expected at the end of 2012 or beginning of 2013," it added.
The Bergermeer gas storage project will create Europe's largest open access gas storage facility.
Bergermeer gas storage will provide the Northwest European gas market with 46 TWh (4.1 billion cubic metres) of seasonal storage, thereby almost doubling the Netherlands' total storage capacity. The project is one of the Netherlands' largest infrastructure projects.
Taqa received the final statutory approvals and permits to construct and operate the facility in May.
From / Gulf News