Elsewedy Electric’s unit to build $176.1mln solar power plant in Saudi Arabia

Getty Images

Contract signed with Al Ghazala Energy Company to build a 300-MW solar power plant in Saudi Arabia

Staff Writer, Arab Finance

January 18, 2023

PHOTO

Arab Finance: Elsewedy Electric Transmission and Distribution company, a subsidiary of Elsewedy Electric (SWDY), has signed a $176.1 million contract with Al Ghazala Energy Company to build a 300-MW solar power plant in Saudi Arabia, according to a statement issued by the company yesterday.

Elsewedy’s arm will handle the design, supply, and installation of the entire project with a turnkey.

The project will be implemented within 16 months and a half, in addition to, 29 months of operation and maintenance.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.