UNIT & Polteks – Zakho Natural Gas-fired Power Plant 1260 MW – Iraq - Project Profile
"UNIT & Polteks – Zakho Natural Gas-fired Power Plant 1260 MW – Iraq - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Unit & Polteks Ltd (UNIT & Polteks), a joint venture of Unit Investment NV (Unit), Polteks Insaat AS (Polteks), is planning to construct a natural gas-fired power plant in KRG, Iraq.
The project involves the construction of a 1,260MW natural gas-fired combined-cycle power plant on 20.24ha of land and a substation on 14ha to be developed in two phases. The first phase is further divided into two sub-phases namely Phase 1A and Phase 1B.
The phase 1A includes the construction of a 560MW open-cycle gas-fired power plant, a substation and overhead transmission lines. The substation and the transmission line will be transferred to the Kurdish regional government once built.
The phase 1B involves the construction of a 280MW open-cycle gas-fired power plant and related facilities.
The second phase includes the conversion of the open-cycle gas turbines into a combined-cycle gas-fired power plant, with three heat-recovery steam generators and the construction of a 420MW steam turbine power plant and related facilities.
The project includes the construction of a 400/132/11 kV substation on 14ha of land, a powerhouse, a cooling tower and related infrastructure, the installation of transformers, generators, steam turbines, power control units, and the laying of a 40km, 400kV overhead transmission line.
A consortium formed between Ansaldo and Gama Construction has been awarded a contract for the construction of the power plant, Best AS for the construction of the substation and TL Group for the construction of a transmission line of the project. Unipol Energy Ltd has been appointed as the associated developer for the project.
A short gas pipeline to supply natural gas to the power plant will be constructed by the KRG and in December 2013, International Finance Corporation (IFC) visited the proposed sites of the project.
The International Finance Corporation (IFC) investment is up to US$100 million Loan on Phase 1A, up to US$65 million of IFC’s Managed Co-Lending Portfolio Program Loan, up to US$240 million Loans. IFC investment for Phase 1B would see the above amounts increased pro rata, if it takes place concurrently. In addition, IFC is also considering up to a 10% direct and indirect equity stake in the project.
2U1K Muhendislik ve Danismanlik A.S. (2U1K) has been appointed as environmental study consultant.
In September 2015, IFC invited lenders to express interest in the estimated US$560m syndication deal by the end of September 2015. The IFC is expected to take a 20 per cent direct equity stake in the Project.
As of 2015, 2U1K completed environmental and social impact assessment (ESIA) documentation.
The agreements between IFC and the developer are yet to be signed.
Planning activities are underway.
The project involves the construction of a 1,260MW natural-gas-fired combined-cycle power plant on 20.24ha of land in Zakho, Dohuk Governorate, Iraq.
The US$1,200 million project includes the following:
1. Construction of a 560MW power plant in Phase One A
2. Construction of a 280MW power plant in Phase One B
3. Construction of a 420MW power plant in Phase Two
4. Construction of a 400/132/11kV substation
5. Installation of gas turbines
6. Laying of a 40km 400kV overhead transmission line
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