11 July, 2019

Saudi pre-qualifies 60 firms for renewable energy projects

They include six solar power projects

Image used for illustrative purpose. A Saudi man walks on a street past a field of solar panels at the King Abdulaziz city of Sciences and Technology, Al-Oyeynah Research Station.

Image used for illustrative purpose. A Saudi man walks on a street past a field of solar panels at the King Abdulaziz city of Sciences and Technology, Al-Oyeynah Research Station.

REUTERS/Fahad Shadeed

11 July 2019
Saudi Arabia has pre-qualified 60 companies to bid for renewable energy projects approved by the Gulf Kingdom with the aim of reducing reliance on hydrocarbons in its power sector, a local newspaper reported on Thursday.

The Energy, Industry and Mineral Resources Ministry pre-qualified 28 Saudi companies and 32 foreign firms for the second round of such projects, involving two "Grade A" solar units in the Western Medina city and Rafha in North Saudi Arabia, the Arabic language daily Almadina said, citing a Ministry statement.

They also comprise four "Grade B" solar projects in the Western Red Sea port of Jeddah, the nearby port of Rabigh and Al-Jouf in the North, it added.

Documents for bids for Grade A projects will be issued on August 1 while those for Grade B projects will be ready on July 18, the report said.

The projects are part of plans by the world's largest oil exporter to produce nearly 9.6 gigawatts (GW) of power from solar and wind sources by 2030 through a number of projects involving investment of $30-50 billion.

(Writing by Nadim Kawach; Editing by Mily Chakrabarty)

(mily.chakrabarty@refinitiv.com)


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