Saudi Arabia is sticking to its announced timeline by issuing a request for qualifications (RFQ) for the first round of the national renewable energy programme (NREP).
The Renewable Energy Project Development Office, a newly created body of the kingdom's energy ministry launched its first RFQ for companies interested in bidding for 700 megawatts of solar and wind energy projects.
“This marks the starting point of a long and sustained programme of renewable energy deployment in Saudi Arabia, that will not only diversify our power mix but also catalyse economic development and support long-term prosperity in line with Vision 2030 goals, which include creating a new renewable industry and support the build-up of this promising sector,” said Khalid Al Falih, Saudi Arabia’s energy minister.
This RFQ will choose companies that are pre-qualified, or able to move on to the next stage, which is the Request for Proposals slated for April.
For this, selected firms will gain access to the site assessments that have been carried out for both the Sakaka and Midyan areas, which will house 300MW of solar photovoltaic (PV) and a 400MW wind project respectively.
For any company whose pre-qualification application is unsuccessful as either a manager or technical role in the first round will still remain eligible to participate in future projects under the NREP, which will ultimately target 9.5 gigawatts of renewable energy by 2023.
“It is our goal to make the national renewable energy programme among the most attractive, competitive and well-executed government renewable energy investment programmes in the world, and we have all the necessary infrastructure in place to ensure that is the case,” Mr Al Falih said.
lgraves@thenational.ae
Follow The National's Business section on Twitter
War
Director: Siddharth Anand
Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor
Rating: Two out of five stars
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Fitness problems in men's tennis
Andy Murray - hip
Novak Djokovic - elbow
Roger Federer - back
Stan Wawrinka - knee
Kei Nishikori - wrist
Marin Cilic - adductor
Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter
England v South Africa schedule:
- First Test: At Lord's, England won by 219 runs
- Second Test: July 14-18, Trent Bridge, Nottingham, 2pm
- Third Test: The Oval, London, July 27-31, 2pm
- Fourth Test: Old Trafford, Manchester, August 4-8
UAE currency: the story behind the money in your pockets