International
Oman Madayn signed a US$780millionsolar farm agreement for Sohar Industrial City
Seetao 2021-10-20 10:59
  • Oman Madyn and its partners plan to launch renewable energy projects in all industrial cities and free zones in the next few years
Reading this article requires
8 Minute

After the industrial park public agency (Madayn), Mubadra and SolarWadi signed an agreement, a solar photovoltaic power plant will be built in the Sohar Industrial City. The project will take shape in Sohar Industrial City and is expected to be put into operation next year. According to a statement by Madyn, the initiative is part of Madyn's overall strategy, aiming to meet most of the tenants' energy needs through sustainable renewable energy, which is in line with the sustainable development goals of Oman's Vision 2040.

The agreement was signed by EngMusallambinMohammedAlShehri, head of Madyn's operations department, MustafaAlLawati, CEO of Mubadrah, and YazanFaouri, CEO of SolarWadi. The project is said to be part of the larger Madyn Renewable Energy Project plan, which aims to change the way in which the electricity needs of all industrial cities and free zones under the Madayn umbrella are met. “This agreement is in line with Madyn’s efforts to switch to sustainable energy and reduce the carbon footprint of Oman’s industrial sector, as stated in Vision 2040, which is the guidance of His Majesty Haytham bin Tariq, Oman’s gateway to developed countries,” Mubadla CEO Mustafa Al Rawati said. Its purpose is to save electricity costs for all Madayn tenants, and at the same time attract investors to invest in the development of solar parks, so as to improve the competitiveness of all companies in the industrial city of Madayn and the free zone. He stated that this will have a positive impact on their business operations and the Omani economy.

SolarWadi CEO Yazan Faouri said: "The purpose of this initiative and cooperation is to enable us to work together to provide all tenants in the Sohar Industrial City with sustainable, ecological, economical and socially conscious power solutions from renewable sources. Solar energy. By doing so, we are contributing to the realization of the ambitions and goals of the Omani government under His Majesty Haytham bin Tariq, transforming the Omani economy into the developed, diversified and diversified Oman’s Vision 2040. Sustainable national economy."

Faouri added: “This project represents a strategic investment by SolarWadi, one of the first independent Omani power companies to invest in, build and operate renewable energy power plants. This is just one of many investments planned by the Oman market. , The goal is to invest a total of US$780 million in the development of solar photovoltaic power plants with a total capacity of about 1GW in the entire Sultanate. The main investment is to invest in all industrial cities and free zones under the Madayn umbrella. A large number of other solar power plants developed by private sector C&I companies and government entities are the commercial sector in the Omani economy." Keywords: engineering construction, engineering news

The statement pointed out that Madyn and its partners plan to launch Madyn renewable energy projects in all industrial cities and free zones in the next few years. Madayn said that it will use the overall solution, including centralized solar power plants, to meet the collective needs of all tenants in the industrial city. These tenants are connected to the conventional power distribution network and provide direct dedicated line solutions for high-consumption tenants. In an industrial city with independent power supply.Editor/XingWentao,Design/XiaChangwang

Comment

Related articles

International

Shaanxi Traffic Control Group signed a contract with Uzbekistan Maimol Company

04-23

International

Vattenfall and BASF deepen offshore wind farm partnership

04-23

International

Chen Wenjian went to Hungary to investigate the Hungary-Serbia railway project

04-21

International

Egyptian company wins contract for Amaala Marina Hotel

04-19

International

Russian company plans to develop prototype car for first high-speed rail

04-18

International

Tianjin Rail Transit Group signed the first urban light rail in Kazakhstan

04-18

Collect
Comment
Share

Retrieve password

Get verification code
Sure