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Aluminium Bahrain B.S.C. (Alba), home-base of the Line 6 Expansion Project, announced today, August 23, 2016 that it has awarded Siemens the Power Distribution System (PDS) contract for Power Station 5 (PS 5).
Under the terms of this contract, Siemens will be responsible to design, engineer, procure, construct and commission High Voltage electrical network comprising distribution switchgears and transformers to expand Alba's electrical network. Siemens will, also, provide state-of-the-art Gas Insulated Switchgear (GIS) up to 220kV. The design will provide Alba with a highly flexible and redundant network to ensure power availability in all scenarios.
Commenting on this appointment, Alba's Chairman of Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa said:
"Alba's Line 6 Expansion Project is an important part of our growth strategy and we aim to implement an efficient and reliable distribution system for high-quality power supply. We have chosen Siemens not only for their technological expertise in the power sector but also for their competitive financial bid in this Project.
I would like to add that I am proud of the transparent and diligent evaluation followed during the tendering process for Line 6 Expansion Project. I thank Alba's Executive Management led by the CEO Tim Murray for their relentless efforts in maintaining clarity and ensuring that all processes are in strict compliance with Alba's corporate governance values. Another thank you goes to the acting COO Amin Sultan and his team for their diligent efforts towards this project. I, also, thank all the bidders for their dedication and commitment to Line 6 Expansion Project."
"Siemens is pleased to be chosen as the technology partner for Alba's fully-integrated power distribution system," said Wolfgang Braun, Senior Executive Vice President, Energy Management, Siemens Middle East. "Flexible, efficient and modern distribution is the cornerstone of a modern power supply, and we are proud that our technology will play a significant role in supporting the goals of one of Bahrain's most important industrial businesses."
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About Alba:
Aluminium Bahrain B.S.C. (Alba) - one of the largest and modern aluminium smelters in the world - is renowned for its premium grade aluminium products, technological strength and innovative policies, strict environmental guidelines and high track record for safety. Established in 1971 as a 120,000 tonnes per annum smelter, Alba today produces more than 960,000 metric tonnes per annum of the highest grade aluminium, with products including standard and T-ingots, extrusion billets, rolling slab, properzi ingots, and molten aluminium.
Alba is listed on both the Bahrain Bourse and London Stock Exchange, and the Company's shareholders are Bahrain Mumtalakat Holding Company (69.38%), SABIC Industrial Investment Company (20.62%) and the General Public (10%).
About Line 6 Expansion Project:
Alba's Line 6 Expansion Project is one of the largest brownfield developments in the region. Expected to begin production by early 2019, this Project will boost the smelter's per-annum production by 540,000 metric tonnes, bringing its total production capacity to around 1.5 million metric tonnes per year.
With a CAPEX of approximately US$ 3 billion, the Line 6 Expansion Project involves the construction of a sixth pot line utilising EGA's proprietary DX+ Ultra Technology, a 1,792 MW power station and other industrial services.
Bechtel is the EPCM contractor for the Line 6 Expansion Project smelter. For Power Station 5 (PS 5), GE and GAMA Consortium was awarded the EPC contract, while Siemens is the Power Distribution System contractor. J.P. Morgan, Gulf International Bank (GIB) and National Bank of Bahrain (NBB) are the Financial Advisors for this Project.
The Bankable Feasibility Study was completed by Bechtel in December 2014. In June 2015, Alba Board approved the Line 6 Expansion Project and in November 2015, Alba secured the natural gas supply for this Project.
The Line 6 Expansion Project will make Alba the world's largest single-site aluminium smelter and be a significant economic boost for the Kingdom of Bahrain due to the many co-investment opportunities through local and foreign aluminium investments.
For further details, please contact:
Eline Hilal
Manager - Investor Relations, Public Relations &
Corporate Secretary
Investor Relations & Public Relations Department
Tel: (973) 1783 5100 (direct)
Fax: (973) 1783 3822
E-mail: eline.hilal@alba.com.bh
Website: www.albasmelter.com.bh
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© Press Release 2016
