Essar Projects bags USD 80 million contracts in Abu Dhabi

Essar Projects bags USD 80 million contracts

    
Mumbai: Essar Projects, a leading engineering, procurement and construction (EPC) firm, on Thursday said it has bagged three new orders totalling USD 80 million in Abu Dhabi.
    
Of these, it secured one contract from TAKREER for EPC and construction Works, commissioning and start-up for a Spent Caustic Treatment Plant of 3.6 cubic meter per hour capacity at Abu Dhabi Refinery, the company said in a statement.
    
Takreer is considered to be a prominent oil Refining company regionally and internationally, contributing strongly to the rapid growth of UAE economy, Essar said.
    
It added that Merichem Process Technologies, Houston is the technology partner for the project and the contract is to be completed in 27 months.
    
Besides, it secured a contract from Samsung Engineering, Korea for Civil Works for the Carbon Black & Delayed Coker (CBDC) Project for the Ruwais refinery. The contract has to be completed in 22 months, the company said.
    
Essar bagged third contract from G S Engineering, Korea for construction of twin inter refinery pipelines (IRP), which will be completed in 8 months.
    
The company did not disclose the individual values of these three contracts.
    
"The Middle East is a key market for Essar Projects. These wins are strategically important steps in reinforcing our global footprint and build on our existing presence, executing projects in South East Asia, India, Africa, and the USA," Essar Projects' President and CEO Alwyn Bowden said.
    
Essar's CEO (Hydrocarbons) Amit Gupta said that "there is huge potential in the hydrocarbons space in the Middle East" and the company has opened its offices in Saudi Arabia, Kuwait, Qatar, UAE and Oman to grab the opportunities there.
    
According to the company, mobilization activities for all these contracts are underway.
    
Essar Projects, an Essar group firm is a leading EPC company headquartered in Dubai. It offers EPC expertise in various sectors including oil and gas, ports and marine, power, mines and and has presence in over 20 countries.