SEC, Aramco and Showa in solar plant deal
Saudi Arabian-based 15MW solar power plant to boost capacity
Saudi Electricity Company (SECO), Saudi Aramco and Showa Shell Seikiyu KK will develop a 15MW solar plant Saudi Arabia’s Farasan Island, a Bloomberg report has said.
Saudi Electricity will get the power from the photovoltaic plant and will assume its ownership from Showa Shell after 15 years, Ali Al Barrak, CEO of the Saudi utility company, said in an interview in Damman, Saudi Arabia.
The report added that Saudi Arabia and other Arabia Gulf producers were boosting alternative power supplies to meet the demands for their growing economies and populations, without burning valuable crude as fuel for power stations.
Showa Shell, the Japanese refiner, added that it had agreed a deal with Saudi Electricity to develop a 500kW solar power plant on Farasan Island, which was scheduled to start in July, the refiner announced on its website.
“This is only a pilot project, and we will develop next a 10 to 15 megawatt plant using the same photovoltaic technology,” Al Barrak said, declining to give a timeframe.