Strukton and Wagner Solar partnership to fit solar panels for Riyadh Metro depot

Riyadh Metro is the currently the largest metro project in the world, costing about $22.5 billion to build. (Courtesy Fast Metro Riyadh)
Updated 29 January 2018
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Strukton and Wagner Solar partnership to fit solar panels for Riyadh Metro depot

DUBAI: A partnership between Strukton and Wagner Solar has been awarded a $3.8 million contract (SR14.25 million) to install almost 4,300 solar panels on a Riyadh Metro depot serving the rail system’s lines 4 and 6.
The solar panels are expected to produce 2,452 megawatt hours per year, according to the contract provider Samsung C&T, which is undertaking the mechanical, electrical and plumbing works of Riyadh Metro’s line 4.
Saudi Arabia has embarked on an ambitious track to utilize renewable energy to power the more than 80 stations along the six rail lines spanning more than 176 kilometers.
Riyadh Metro is the currently the largest metro project in the world costing about $22.5 billion to build. The automatic and driverless metro system has been programmed to start operations by 2019.


OPEC may cancel April meet, but hold steady on oil output: Saudi energy minister

Saudi Arabia’s energy minister Khalid Al-Falih that April may be premature to make any production decision for the second half. (Reuters)
Updated 18 March 2019
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OPEC may cancel April meet, but hold steady on oil output: Saudi energy minister

  • ‘As long as the levels of inventories are rising and we are far from normal levels, we will stay the course guiding the market toward balance’
  • ‘The consensus we heard ... is that April will be premature to make any production decision for the second half’

BAKU: OPEC and its non-OPEC partners need to reconsider if there is a need for a meeting in April, Saudi Arabia’s energy minister said on Monday, adding that there was no pressure from the United States to increase supply.
“We are not under pressure except by the market,” Khalid Al-Falih told reporters ahead of a meeting of the Joint Ministerial Monitoring Committee (JMMC) in Baku, the capital of Azerbaijan.
“As long as the levels of inventories are rising and we are far from normal levels, we will stay the course guiding the market toward balance.”
The JMMC includes major oil producers Saudi Arabia and Russia and monitors the oil market and conformity levels with supply cuts.
“There is a consensus that has also emerged that no matter what, we should stay the course until the end of June.”
Asked whether he was updated on whether the United States administration would extend the waivers it granted to buyers of Iranian crude, which are due to end in May, Al-Falih said: “Until we see it hurting consumers, until we see the impact on inventory, we are not going to change course.”
The oil producers are due to meet next in April in Vienna, but Al-Falih said this may not happen.
“The consensus we heard ... is that April will be premature to make any production decision for the second half,” Al-Falih said.
“We may not have a meeting in April,” he said, adding that the JMMC may recommend this later on Monday.