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RENEWABLES-
Global firms partner for off-grid energy storage project in Amaala: Larsen & Toubro’s (L&T) construction arm is partnering with China-based PV inverter and energy storage system provider Sungrow to deploy 165 MW inverters and 160-760 MWh of battery energy storage systems at an off-grid project in tourism megaproject Amaala, according to a joint statement. The resort’s renewable supply system will have the capacity to generate up to 410k MWh per annum, which is enough to power 10k homes for an entire year.
Background: The Amaala facility will be home to an optimized off-grid renewable energy system supplying solar power with a 700 MWh battery energy storage facility to fully power Amaala’s desalination and wastewater plants. Amaala will be fully powered by solar energy saving c. 500k tons of CO2 emissions per year.
COMMODITIES-
Mawani and global transportation company G4 Logistics have signed a SAR 200 mn agreement to set up silos and warehouses for grain storage at the King Abdulaziz Port in Dammam, the Saudi Ports Authority said on X. The project will cover an area of 100k sqm, the authority said, without providing a timeline.
DEBT WATCH-
The National Debt Management Center closed its May issuance of SAR-denominated sukuk at SAR 3.2 bn, it said in a statement yesterday. The issuance was divided into two tranches, with the first SAR 71 mn tranche maturing in 2029 and the second SAR 3.2 bn tranche maturing in 2036.
CONSTRUCTION-
Sumou Holding subsidiary set to bring Thai sustainable construction tech home: Buna AlMamlaka (Buna) — a subsidiary of local real estate player Sumou Holding — signed an MoU with Thailand’s SCG International to bring sustainable construction technologies to the local market, according to a statement by SCG International. The partnership will see the introduction of some of the Thai cement supplier’s green construction technologies, including the ultra high-performance concrete and its ready mix concrete technology. The agreement comes as SCG International looks to expand its footprint across South Asia, the Middle East and Africa. No financial details were disclosed.
ELECTRICITY-
Keir International was awarded a SAR 77 mn high-voltage transmission line project from the Saudi Electricity Company, it said in a disclosure to Tadawul. The project will see Keir set up a ground line between two stations at Wadi Ad-Dawasir in the southern region and carry out underground cable works, substations, communications and protection works. No timeline for the project was given.
