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Essar Projects secures US$90 million contract in Abu Dhabi

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June 12, 2013 Bookmark and Share  
  • Total order book at US$170 million from the UAE
  • Company eyeing the Middle East market aggressively; sets up offices in UAE, Oman, Kuwait, Qatar and Saudi Arabia
  • Significant jump in third party projects
  • Current order book stands at over US$3.5 billion

 Essar Projects (EPL), a global Engineering, Procurement and Construction (EPC) contractor headquartered in Dubai, today announced that it has secured another two orders worth US$90 million, one from Abu Dhabi Polymers Company Limited (Borouge) and the other from Abu Dhabi Gas Industries Limited (GASCO).

The company has now secured a total of five projects in Abu Dhabi in recent times amounting to US$170 million, helping Essar Projects limited augment its presence in the competitive Middle East market. Of these five projects, three have been directly awarded on EPC basis to Essar Projects limited. With this the order book of Essar Projects limited has swelled to over US$3.5 billion.

Mr Alwyn Bowden, President & CEO, Essar Projects (EPL), said, “This is another step forward for Essar Projects in the region, underpinning our strategy to secure strong projects in our core sectors and to deliver real long-term value to our key customers.”

Borouge has awarded a direct contract to EPL involving engineering, procurement and construction of process equipment, associated pipelines and control systems for PE Color Grade Compounding (CGC) plant in Ruwais to be completed in a time frame of 22 months.

The second order worth US$55 million from Abu Dhabi Gas Industries Limited (GASCO) involves EPC and Commissioning (EPCC) of 24 inches x 110 km condensate pipeline from Habshan to Ruwais in Abu Dhabi. The project needs to be completed in 26 months.

Commenting on the development, Mr Amit Gupta, CEO, Hydrocarbons SBU, Essar Projects limited, said, “It is a real achievement to have secured these projects in the highly cost competitive hydrocarbons sector in the region and Essar Projects is very clear in its commitment to take this achievement to further higher levels in the future.”

About Essar Projects (EPL)
Essar Projects is a global EPC company offering a unique collaborative end-to-end project development and delivery model for major (mega) projects, back integrated into the supply chain and forward integrated into the operator’s mind set through its sister company links.

EPL offers its expertise to the following industries: Oil and gas (upstream, mid-stream and downstream) including cross country pipelines and terminals - offshore and onshore, infrastructure (ports and marine, civil and building), power (including hydroelectric) and minerals and metals and has presence in over 20 countries spread across five continents. The company has over four decades of experience in delivering projects and has recently added a concessions business to its product offerings. EPL is headquartered in Dubai and operates across regions through wholly owned subsidiaries.

EPL has ‘in house’ a large engineering and procurement division as well as operating extensive fabrication facilities and a large construction equipment bank.

For more information please visit www.essarprojects.com

About Essar Projects Hydrocarbons Business
Essar Projects (EPL)) has proven capabilities in delivering world-class facilities to the hydrocarbons industry. EPL is currently executing US$400 million OSBL works at Jurong Aromatics Complex in Singapore for Jurong Aromatics Corporation (JAC) and nine process units on a LSTK basis for the 15 MMTPA refinery at Paradeep in Odisha (India) for Indian Oil Corporation Limited (IOCL). In addition to these, EPL is executing works for GAIL (India) Limited (GAIL) and Gujarat State Petronet Limited (GSPL) and on a fertilizer plant at Durgapur, West Bengal (India) on EPC basis for Matix Fertilizers & Chemicals Limited of ammonia capacity 2,200 TPD and urea capacity 3,850 TPD, which is the biggest urea fertilizer plant in India.

For media queries, please contact:
Mr Mike Barton - Regional Director (Dubai)
E-mail: Mike.barton@essar.com
Mobile: +971 566869799

Mr Jatin Aggarwal (India)
E-mail: jatin.aggarwal@essar.com

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