Reading Time: 1 minutes
In the Middle East and North Africa territory, the National Agricultural Development Company (NADEC) is one of the biggest food and agricultural companies. The company said its 30 MW solar power project’s Phase 1 will be completed by August-end in NADEC City, Haradh.
Phase 1of the solar power project has a capacity of 10 MW. Phase 2 and last phase would have a capacity of 20 MW and will be completed by October end, 2021.
The construction of 80% of the project is completed.
In July 2019, NADEC had signed a 25-year solar Power Purchase Agreement with France’s Engie at a fixed price of 9.4 Halalahs per kWh to implement the solar power project.
The operations of the project was scheduled to start by October-end, 2021. Due to the COVID-19 pandemic, the ‘force majeure’ situation led to impacting the supply chains globally.
The operation of the solar project was delayed twice to 31 March 2021 and to 31 July 2021.
In July 2019, NADEC said that its carbon emissions would be reduced to 53 million kg per year and the fuel consumption would be reduced to 124,000 barrels per year.
The company also said, from this fuel consumption, the financial saving will also start gradually after the company starts operation.