PHOTO
- Full plant to be operational before the end of the year 2019
- 100% Saudisation rate, and 90% local employment rate in Al Jouf region
- More than three million safe man-hours
Al Jouf, KSA: ACWA Power has announced the successful connection of the Sakaka Solar PV Plant - the first renewable energy project in the Kingdom of Saudi Arabia - to the national grid. The project has commenced initial production under a pilot phase according to schedule – with full commercial operation to be achieved before the end of the year 2019.
The solar project has established a 100 percent local employment rate within the first year of operation, with 90% of the workforce comprised by the youth of Al Jouf region. Additionally, Sakaka PV IPP registered over 30 percent of contractual local content during the construction and development phases. The project has also recorded more than 3 million safe working hours without any injuries during the development and construction.
Commenting on the occasion, Mohammad Abunayyan, Chairman of ACWA Power, said: “The successful energizing of Sakaka PV IPP is a remarkable testament of the work progress that has been ongoing at the project. We are confident to deliver the project on schedule and commercial operation of the plant before the end of this year at the highest levels of quality, safety, and security.
“ACWA Power is proud to contribute to the sustainable development efforts of the Kingdom through the deployment of the Sakaka PV project, which accelerated the pace of renewable energy utilisation and bolstered the fulfilment of energy demand in KSA. In alignment with the goals of Vision 2030, Sakaka PV IPP has successfully contributed to the economic diversification, development of human capital and the elevation of national competencies to ensure a better future for upcoming generations”.
Mohamed Abunayyan commended the efforts of the partners of the project, noting in particular the support of the Ministry of Energy represented by the Renewable Energy Project Development Office (REPDO), from the initial inception of the project to date. Abunayyan also expressed his gratitude towards the Saudi Electricity Company (Principal Buyer) and Al Gihaz Holding (project partner) emphasising on the optimum private-public model the Sakaka model has projected, which will serve as an example for upcoming renewable energy projects as well as contribute to the fulfilment of the Saudi Vision 2030 goals.
The SAR 1.2 billion Sakaka plant is the first utility scale renewable energy project in the Kingdom of Saudi Arabia under the King Salman Renewable Energy Initiative. Awarded to an ACWA Power led consortium at a world record tariff of 8.781 halalas/kWh, the 300MW project will supply power to 45,000 of Al Jouf households through clean energy to offset over 500 tonnes of carbon dioxide a year.
-Ends-
About ACWA Power:
ACWA Power is a developer, investor and operator of a portfolio of power generation and desalinated water production plants currently with presence in 14 countries including in the Middle East and North Africa, Southern Africa and South East Asia regions. ACWA Power employs over 3,500 people with about 60% local employment. ACWA Power’s portfolio, with an investment value in excess of USD 45 billion, can generate 30.2 GW of power and produce 5.3 million m3 /day of desalinated water to be mostly delivered on a bulk basis to state utilities and industrial majors on long term off-take contracts under Public-Private-Partnership, Concession and Utility Services Outsourcing models.
ACWA Power, registered and head-quartered in the Kingdom of Saudi Arabia, is owned by eight Saudi conglomerates, Sanabil Direct Investment Company (owned by the Public Investment Fund of Saudi Arabia), the Saudi Public Pensions Agency and the International Finance Corporation (a member of the World Bank Group).
ACWA Power pursues a mission to reliably deliver electricity and desalinated water at a low cost, thereby contributing to the social and economic development of the communities and countries it invests in and serves.
ACWA Power strives to achieve success by adhering to the values of Safety, People and Performance in operating its business. For more info, please visit www.acwapower.com
© Press Release 2019Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
