Financial close achieved for solar PPP in Saudi Arabia
A consortium of Masdar, EDF Renewables and Nesma has secured financing for the 300 MW solar park project in Saudi Arabia and started the process of construction works. Located 50 km southeast of Jeddah city, the plant will be equipped with bifacial modules and single-axis trackers.
The consortium won the 25-year power purchase agreement (PPA) with a bid of SAR 60.90 (US$ 16.24). The solar farm is scheduled to begin operation in 2022.
Country updates
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April 20, 2021
Aramco signed oil pipeline usage right agreement with EIG consortium
Aramco has signed a deal with a consortium led by EIG Global Energy Partners (EIG) to optimize its assets through a lease-and-lease-back agreement involving its stabilized crude oil pipeline network i...
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April 16, 2021
Financial close achieved for Wave 1 Schools PPP in Saudi Arabia
Ajyad Knowledge Company for Education and Training, Al Bawani Company Limited and Tatweer Buildings Company (TBC) have achieved the financial close for the first wave (Wave 1) of the Schools Infrastru...
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April 15, 2021
Construction works started for Solar PV plant PPP in Rabigh
Saudi Power Procurement Company has signed a Power Purchase Agreement (PPA) with Marubeni Corporation and Al Jomaih Energy & Water Company Limited in January 2021. In March 2021, a...
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April 14, 2021
Three bidders submitted response to RFP for Buraydah and Tabuk PPPs
The Saudi Water Partnership Company (SWPC) has received proposals from three bidders for two independent sewage treatment plants located in Buraydah station (second phase) and Tabuk station (seco...
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April 14, 2021
Proposals received for Madinah 3 ISTP PPP
Saudi Water Partnership Company has received four proposals for Madinah 3 independent sewage treatment plant (ISTP). Located in western Saudi Arabia, the plant will have a total treatment ca...
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