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FINANCIAL NEWS
Saudi eyes on global investors for two solar plants
13 Jun 2016
(MENAFN) Saudi Arabia is searching for global investors in order to build two solar power plants, using a deal structure that could become a model for the kingdom’s infrastructure projects.
Additionally, Saudi’s SEC was inviting expressions of interest from firms or consortiums around the world in building two solar plants at Al-Jouf and Rafha.
Moreover, 50 megawatts of capacity will be developed at each site, and the developers will sell the electricity to SEC, whereas each plant might cost between USD 100mn to USD 120mn.
In addition, a reform plan was proclaimed, which focused on introducing public-private partnerships in which private firms would offer the financing for projects.
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