BASF plans new plant for Antwerp site
BASF has secured a deal with Electrabel and RWE Energie for the construction of a 800 MW combined cycle cogeneration plant at its Antwerp, Belgium site. The three companies have reached a comprehensive supply agreement that will come into force on January 1, 2000 and run for 15 years.
RWE and Electrabel will form a joint venture to construct the new plant at an estimated cost of DM400m ($220m). The plant will be built in two phases and will be commissioned between 2003 and 2006. BASF subsidiary Wingas will supply a portion of the natural gas fuel to the plant.
Electricity produced will supply the BASF site, which has an annual consumption of 2.4bn kWh, while excess power will be fed to the Belgian grid. The BASF site will also draw up to 300 t/h of steam from the plant.
Belgian utility Electrabel currently supplies electricity to the Antwerp site under a contract that expires at the end of 2000. The site is Electrabel`s largest individual customer and one of BASF`s largest integrated sites. Electrabel`s shares fell by more than four per cent following the announcement.