SR4.5bn Saudi solar revolution

Updated 01 January 2015

SR4.5bn Saudi solar revolution

The Saudi Electricity Company (SEC) signed a SR4.5 billion contract with General Electric on Tuesday to establish the Kingdom’s first fossil fuel and solar power plant near the Red Sea port of Dhuba in the Tabuk region.
The 600-megawatt (MW) integrated solar combined cycle (ISCC) plant will primarily burn natural gas, but will generate 50MW with the support of solar energy to increase fuel efficiency.
Water and Electricity Minister Abdullah Al-Hussayen said the mega Dhuba plant would enable Saudi Arabia to export electricity to Egypt, Turkey and Europe. It will be commissioned in 2017.
In addition to the establishment of an integrated green power plant, the contract includes construction of supply lines to Tabuk. “It is the largest environment-friendly project in the Kingdom,” the minister said.
ISCC plants reduce emissions of climate-warming carbon dioxide by increasing the amount of steam available for driving power generation turbines, without having to burn more gas or oil.
“This project will make power crises in the Kingdom a thing of the past,” said Tabuk Gov. Prince Fahd bin Sultan. He said the electricity sector would grow stronger in the coming years.
The SEC’s chief executive Ziyad Al-Shiha said the plant would have three power generating units — two powered by gas and the third by steam — to produce 550MW in addition to solar energy-powered units to produce 50MW. “This makes it one of the largest power plants in the world.”
He said 25 Saudi engineers and 80 technicians would be trained to run the project, adding that 30 to 35 percent of products used for building the plant would be manufactured in the Kingdom. He estimated the cost of construction work at the plant at SR2.5 billion.
He said a new power transport project would be launched in Tabuk to make the region the largest hub for high-voltage direct current. “It will make use of the power grids linking northwest and northeast of the Kingdom and strengthen the network between Tabuk and Madinah,” he added.
He estimated the value of new electricity projects in Tabuk at SR 10 billion.


Saudi Arabia, Russia sign agreements during Vladimir Putin visit to Riyadh

Updated 14 October 2019

Saudi Arabia, Russia sign agreements during Vladimir Putin visit to Riyadh

  • King Salman, Crown Prince Mohammed bin Salman welcome Russian leader at Al-Yamamah Palace
  • 20 deals of cooperation were signed between the two countries

DUBAI: Russian President Vladimir Putin arrived in Riyadh on Monday on his first visit since 2007, and was welcomed to Al-Yamamah Palace by Saudi King Salman as well as Crown Prince Mohammed bin Salman.

Riyadh Governor Prince Faisal bin Bandar earlier personally welcomed the Russian leader as he disembarked from his aircraft at King Khalid International Airport.

An official welcoming ceremony was held in honor of Putin and various agreements were signed between the governments of Saudi Arabia and Russia including an oil cooperation pact.

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READ MORE: Dedicated Arab News ‘Putin in Saudi Arabia’ spotlight

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Some 20 agreements were signed between the two countries, in a ceremony overseen by the king, crown prince, Putin and Russian foreign minister Sergei Lavrov.

Russian sovereign wealth fund RDIF and Saudi Arabia's SALIC signed an agreement to team up in searching for investment projects in the Russian agricultural sector, RDIF said in a statement on Monday.

A string of multi-million-dollar investment contracts were also signed in the aerospace, culture, health and advanced technology sectors.

Putin’s “long-awaited” visit will include discussions on “further cooperation to stabilize prices on the world carbohydrate market” as well as the situation in Syria, the Gulf and Yemen.

The Russian leader, in an interview with Arab broadcasters and aired on Sunday ahead of his arrival, described the “very good relations” with the Saudi leadership.

“We consider Saudi Arabia a friendly nation. I have very good relations with both the King and the Crown Prince,” Putin said, and noted the improved bilateral relations between both countries.

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PHOTO GALLERY: Vladimir Putin visits Saudi Arabia

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Putin in the interview likewise condemned the Sept. 14 attacks on Aramco facilities, and said “such actions do not bring any positive results to anybody, including perpetrators,” as they do not have a strong effect on the market.

“We condemn any such actions, end of story. This is the official position … regardless of who stood behind the incident,” the Russian president commented.

A forum attended by Saudi Arabian and Russian business leaders and government officials earlier Monday resulted in the signing of several agreements between companies of both countries.

(Developing)