Air Products, Saudi Aramco, ACWA Power and Air Products Qudra to acquire for Gasification/Power/Industrial Gas Assets at Jazan Economic City
Air Products is in final negotiations to form a joint venture with Saudi Aramco, ACWA Power, and Air Products Qudra to acquire the gasification, power and industrial gas assets at Jazan Economic City, representing a total investment value of about US$11.5 billion.
Air Products looks forward to concluding negotiations and expects to close on the transaction by the end of the calendar 2019.
Country updates
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October 11, 2019
Marubeni submits bid for Tanajib Cogeneration And Desalination Project
Marubeni Corporation has submitted its bid for the planned Tanajib Cogeneration and Desalination Project in the Eastern Province of Saudi Arabia. The project consists of the...
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September 11, 2019
DEWA awards 250 MW Hatta hydroelectric project to Strabag consortium
Dubai Electricity and Water Authority (DEWA) has awarded the development of the AED1.437 billion (US$391.3 million), 250-MW Hatta pumped-storage hydroelectric power project to a consortium consis...
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August 30, 2019
Almarai completes construction of Al Kharj Solar Project
Almarai has completed the construction of its Al Kharj Solar Project for a total consideration of SAR44.4 million (US$11.8 million). The 15 MW solar project consists of 44,000 solar PV panels ca...
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August 09, 2019
SWPC issues RFP for pre-qualified bidders for Jubail 3 IWPs
The Saudi Water Partnership Company (SWPC) has issued the first set of request for proposal (RFP) documents for 10 prequalified consortia for the development of two independent water pr...
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August 05, 2019
Engie secures PPA for 30 MW solar PV park in Saudi Arabia
Engie has secured a power purchase agreement (PPA) with the National Agricultural Development Co. (NADEC). With a validity of 25 years, the PPA seals a price of SAR0.094 (US$0.025) per kWh. Engie wil...
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