Makkah – Saudi Arabia will build 2600 megawatts solar project in Makkah to fully utilize the use of hydrocarbon and mineral resources in order to boost country’s economy. An MoU was signed on Sunday between Governor of Makkah Prince Khaled al-Faisal and Minster of Energy Khalid al-Falih.
According to the memorandum of understanding (MoU), the 2600 Megawatts Faisaliah Solar Power Project will be carried out in stages, and 600 megawatts will be offered by the Office of Renewable Energy Projects Development (Repdo) in a public tender this year, while the Public Investment Fund will implement 2000 megawatts directly.
“This is an important step forward to achieve the strategic goals of renewable energy in the Kingdom, and the optimal utilization of energy and resources in line with the Saudi Vision 2030,” the Energy Minster said.
Earlier Saudi Arabia would generate power by burning crude substances, however it now plans to increase power generation from renewable resources.
Saudi Arabia is blessed with innumerable natural resources which can transform country’s economy to new heights, as a part of Vision-2030 Crown Prince Mohammed bin Salman has envisaged numerous projects in power and energy.