Minister of Energy: Saudi Arabia is the cheapest, most efficient and most capable country of energy

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Under the patronage of Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Chairman of the Supreme Committee for Energy Mix Affairs to produce electricity and enable the renewable energy sector, Prince Abdulaziz bin Salman, Minister of Energy, inaugurated the Sakaka solar power plant project, which is the beginning of renewable energy projects in the Kingdom, Which has a production capacity of 300 megawatts, in the presence of His Royal Highness Prince Faisal bin Nawwaf bin Abdulaziz, Governor of Al-Jouf region.
During the opening ceremony, a ceremony was held for signing power purchase agreements for seven other renewable energy projects in various regions of the Kingdom, with 5 investment alliances consisting of 12 Saudi and international companies.
In a statement on this occasion, the Minister of Energy praised the support of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and his sound guidance in all areas that bring benefits to the homeland and citizens, as well as the price of the support and support of the Crown Prince, saying, “I must note the great leadership role that Prince Muhammad bin Salman bin Abdulaziz plays. The Crown Prince, in empowering the energy sector, through his leadership of the Supreme Committee for Hydrocarbon Affairs and the Supreme Committee for Energy Mix Affairs to produce electricity and empower the renewable energy sector, and his directives that led to raising the level of our ambitions, as these projects represent a practical application, on the ground, for a vision. The Kingdom 2030, “contributes to reaching an optimal energy mix, and the Kingdom’s shift from consuming liquid fuels to gas and renewable energy, which makes them milestones in the energy sector’s path.
He explained that the new projects are located in Medina, Sudair, Qurayyat, Shuaiba, Jeddah, Rabigh and Rafha, and the total capacity of these projects, in addition to the Sakaka and Dumat al-Jandal projects, is 3670 megawatts. It will also provide electric power to more than 600,000 housing units, and cut more than 7 million tons of greenhouse emissions.
Prince Abdulaziz bin Salman indicated that some of these projects have achieved new global records represented in registering the lowest cost of purchasing electricity produced from solar energy in the world. The cost of purchasing electricity from the Shuaiba project was 1.04 US cents per kilowatt hour.
He praised the role of the private sector in these projects, stressing that it plays a fundamental role in renewable energy projects. The Sakaka project was developed by ACWA Power. It is the leading national company in this field, 50% of which is owned by the Public Investment Fund, and whose projects have spread in many countries of the world, and has achieved achievements at the level of localization of jobs, as 97% of the staff operating the Sakaka plant are Saudis, and 90% of them are from the region. Hollow.
The Minister of Energy emphasized that the importance of the renewable energy projects celebrated today lies in the fact that they represent practical steps towards achieving a number of strategic goals for the goals of the “Kingdom 2030” vision, for the energy system as a whole, and the electricity sector in particular, indicating that the exploitation of renewable energy sources is part of An important part of seeking to reduce liquid fuel consumption in the production of electricity, and to reach the optimal energy mix, which aims to have the share of gas and renewable energy sources in this mix about 50% each by 2030, by displacing approximately one million barrels of oil equivalent of fuel Liquid is spent daily as fuel in electricity production, water desalination, and other sectors.
He pointed out that all this will enable the Kingdom to raise the efficiency of energy consumption in the production of electricity, and to confirm and enhance the level of its environmental commitment, by reducing the level of emissions causing global warming.
He indicated that these projects, and many others are being established throughout the Kingdom, such as hydrogen and ammonia production projects, and that the Kingdom adopts the circular carbon economy approach, which was approved by the G20 summit, based on the Kingdom’s initiative, as an effective approach to achieving the goals related to climate change and ensuring the creation of more energy systems. Sustainability and less cost, are elements that support and complement the ambitious goals aimed at by the “Green Saudi Arabia” and “Green Middle East” initiative, which were announced by His Highness the Crown Prince a few days ago, and which demonstrate to the world the Kingdom’s determination to continue fulfilling its obligations within the framework of agreements to protect the environment and combat Climate change.
Prince Abdulaziz bin Salman said, “The completion of these projects, and others, and linking them to the national grid, will contribute to strengthening the Kingdom’s capabilities in producing electricity to meet the national need, enhance the reliability of the electrical network, and support the Kingdom’s ambitious plans to become one of the main countries in the field of producing and exporting electricity using energy.” It also supports the commercial exchange of electric energy through electrical interconnection projects with neighboring countries, which began with the electrical connection with the Gulf countries, while work is underway on the electrical connection with Egypt, Jordan and Iraq, and it also promotes the endeavor to localize the production of solar and wind energy components and develop their technologies. And empowering the competencies working in the sector.
The Minister of Energy was briefed, during his visit to Al-Jawf, about the Dumat Al-Jandal wind power plant project, which will produce about 400 megawatts, which is being developed by the Masdar Alliance, EDF and Nesma, and is inspecting its work.
The announced photovoltaic power projects include the Sudair project, which has a capacity of 1500 megawatts, which is one of the projects developed by the Public Investment Fund and its strategic partner, AkwaPower, which leads the project alliance, and the Qurayyat and Shuaiba projects, which are implemented by the consortium of companies: ACWA Power, Al Khaleej Investment and Al-Babtain Contracting. For photovoltaic energy, the Qurayyat project has a capacity of 200 megawatts, the capacity of the Shuaiba project is 600 megawatts, the Jeddah project, which is implemented by the consortium of companies: Masdar, EDF and Nesma, with a capacity of 300 megawatts, and the Rabigh project, which is implemented by the consortium of companies: Morobini and Al Jomaih, which has a capacity of 300 Megawatts, and the Rafha and Medina projects, which are implemented by the consortium of companies: Al-Balagha, Al-Fanar, and Desert Technology. The capacity of the Rafha project is 20 megawatts, and the capacity of the Medina project is 50 megawatts.
Accordingly, the total capacities of these projects, in addition to the two projects in the Al-Jouf region; They are the Sakaka Solar Energy Project, which was launched today, and the Dumat Al Jandal Wind Energy Project, with a capacity of 3,670 MW.
The new projects are characterized by being implemented through Independent Production (IPP), and the energy purchase that will be produced by these projects will be within the framework of energy purchase agreements for a period ranging between 20 and 25 years with the Saudi Power Purchase Company.
It is worth noting that the renewable energy programs that the Ministry of Energy is working on include support for building this promising sector, by mobilizing private sector investments, and encouraging partnerships between the public and private sectors, to create a competitive national market for renewable energy, which enhances the opportunities for establishing a new industry for these energy technologies. As for the sites dedicated to renewable energy projects, they are carefully chosen by a specialized Saudi technical team, in order to achieve the highest possible quality of electrical energy production, and renewable energy projects also contribute to shaping the features of the circular carbon economy, which the Kingdom adopted and supported during its presidency of the G20 last year, with the aim of reducing Carbon emissions from the energy sector in the Kingdom.





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