Alba selects consortium for Power Station 5 EPC project

Alba, the world’s largest aluminium smelter ex-China, has selected a consortium of Japan’s Mitsubishi and Sepco III as the engineering, procurement and construction (EPC) contractor for the fourth additional block in its Power Station 5.

Making the announcement during the company’s Q4 board meeting, chairman Shaikh Daij bin Salman Al Khalifa said: “As we chart our way towards integrating ESG in every aspect of our business to meet Bahrain’s National Green Initiatives, Power Station 5 – Block 4 will bring us one step closer in our race towards decarbonisation in terms of higher efficiency and lower greenhouse gas (GHG) emissions.

Block 4 will add 680.9 MW to Power Station 5’s 1,800 MW and scale up its total capacity to 2,480 MW.

Shaikh Daij thanked the management team and the workforce for “Alba’s record-breaking performance for the nine months of 2021” and said the company is on track to set new benchmarks by finishing 2021 strong.

During the meeting, which was the first in-person gathering of the board since the onset of Covid-19, the board of directors approved: the 2022 marketing plan, the 2022 annual operating plan, the offtake agreement with South32 for the supply of alumina over the 10-year period from 2023 to 2032 and the 2022 proposed schedule for the board and committee meetings.

In addition, the board approved the minutes of the previous meeting as well as reviewed reports of the various board committees.

During the meeting, the Alba management highlighted the company’s overall performance in light of market conditions and shared insights in respect to overall sales despite logistics’ challenges, VAP sales, Safety and ESG, plant performance, financial performance-to-date, Al Hassalah programme, and Spent Pot Lining Treatment Plant construction progress as well as updates on the five-year strategic initiatives.

Including the chairman Shaikh Daij, the six directors appointed by Mumtalakat on Alba’s board are Yousif Taqi, Suha Karzoon, Shaikh Isa Bin Khalid Al Khalifa, Tim Murray and Rasha Sabkar.

The three directors appointed by Sabic Industrial Investments Company are Ahmed Al Duriaan, Iyad Al Garawi and Omar Al Amoudi with Mutlaq Al Morished being the sole elected director.

Source: https://www.gdnonline.com/Details/1015668/-Alba-selects-consortium-for-Power-Station-5-EPC-project