RIYADH: A wind farm in the Kingdom’s northwest has won an international award for its low production costs. The project, which generates electric power from wind energy in Dumat Al-Jandal, won the 2019 Middle East and Africa Power Deal of the Year award, one of the annual Project Finance International Awards.
It was one of the projects put forward by the Renewable Energy Project Development Office (REPDO) at the Ministry of Energy.
It achieved a new record in scoring the lowest flat cost of electricity production amounting to $0.0199 per kilowatt-hour (kWh) at the financial closure of the project (when all the financial documents of a projects have been signed and conditions have been fulfilled), which has a targeted production capacity of 400 megawatts (MW), exceeding the global benchmarks for production costs.
The award was received by the head of REPDO, Faisal bin Abdullah Al-Yemni, as well as the project’s developers and consultants during a London ceremony that was attended by project finance leaders from all over the world.
Dumat Al-Jandal is the largest project of its kind in the region and is Saudi Arabia’s first wind energy project to win an award.
Saudi wind farm wins international award
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Saudi wind farm wins international award
- Dumat Al-Jandal is the largest project of its kind in the region and is Saudi Arabia’s first wind energy project to win an award
Foreign ministers chair Saudi-Omani coordination council meeting in Muscat
MUSCAT: Saudi Foreign Minister Prince Faisal bin Farhan met with Oman’s Foreign Minister Sayyid Badr bin Hamad Al-Busaidi on Monday.
They reviewed bilateral relations between their nations and ways to enhance and develop them across various fields. Additionally, they discussed regional and international developments.
The ministers co-chaired the third meeting of the Saudi-Omani Coordination Council in the Omani capital, Muscat, with the participation of the heads of the Council’s subsidiary committees and the two heads of the Council’s General Secretariat teams.
The meeting comes as an affirmation of the keenness of Saudi and Omani leaders to strengthen ties and advance them toward greater prosperity for both nations.
In his remarks during the meeting, Prince Faisal affirmed that gathering builds on the previous council meeting, held last year in AlUla, and on its positive and fruitful outcomes within the framework of the approved recommendations and initiatives.
He stressed the importance of continuing the work of the council’s subsidiary committees to complete the necessary procedures to implement the remaining initiatives, and of the General Secretariat’s role in follow-up and in addressing any challenges that may hinder implementation.
He also underscored the importance of developing and enhancing trade relations, stimulating investment, and strengthening cooperation between the public and private sectors.
He also praised the ongoing work to establish and launch the Coordination Council’s electronic platform, which aims to connect all committee work and initiatives to facilitate follow-up on the Council’s progress.
Al-Busaidi affirmed in his remarks the qualitative progress in relations between the two countries and the notable development witnessed across numerous sectors toward achieving economic integration and enhancing intra-trade and joint investments.
The Omani foreign minister also highlighted deeper cooperation in the security and judicial fields, as well as the cultural and tourism sectors, noting the advanced and continuous political cooperation, consultation, and coordination on regional and international issues.
