Prince Abdulaziz bin Salman, Saudi Minister of Energy, and Naila Nouira El-Kenji, Tunisia’s minister signs an agreement to develop energy efficiency, rationalization of consumption, and renewable energy.
The agreement targets to develop collaboration, exchange of information and expertise between both the countries with research, studies for this type of energy. Both the countries will also exchange legislative laws and policies for the same.
The MoU comprises working together for the demand of renewable energy, sustainable and reliable operation of energy systems, and energy consumption indicators in the industrial sector.
Tunisia and Saudi Arabia will conduct joint training courses and seminars in the renewable energy field, rationalization of consumption field, energy efficiency field. It will also encourage the private sector to build partnerships in renewable energy.
Recently, According to the energy minister of Saudi Arabia, the spending on power and renewable energy projects is likely to hit SR1.1 trillion ($293 billion) by 2030.
The highest spending will be on power transmission projects with SR430 billion. Prince Abdulaziz said that Saudi Arabia plans to invest SR380 billion in RE projects and SR142 billion in energy distribution by 2030.
