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Marubeni Signs a Power Purchase Agreement, Project Finance Agreement and Commences EPC Work for the Rabigh Solar PV IPP Project in the Kingdom of Saudi Arabia
Apr. 09. 2021
Marubeni Corporation
Marubeni Corporation (hereinafter, “Marubeni”) signed a Power Purchase Agreement with the Saudi Power Procurement Company (hereinafter, “SPPC”) through a Special Purpose Company (hereinafter, “SPC”) established with Al Jomaih Energy & Water Company Limited (hereinafter, “Al Jomaih”) in January 2021. In March 2021, a loan agreement for limited-recourse project financing for the Rabigh Solar PV IPP Project was signed, and EPC (Engineering, Procurement and Construction) work on the project proceeded the following month.
The SPC will develop, construct, operate, and maintain the 300MW capacity solar PV plant, which will be located in the Rabigh Industrial City of Makkah Province, on land leased by The Saudi Authority for Industrial Cities and Technology Zones, commonly
Free covid-19 water ends on December 31 Listen to article
Ghana Water Company Limited (GWCL) has announced that the distribution of free water will come to an end on December 31.
GWCL made this known in a statement dated December 22, 2020 and signed by its Chief Manager for Public Relations and Communications, Stanley Martey.
The President Nana Akufo-Addo-led NPP Government introduced the free water supply program in the wake of the Coronavirus pandemic in March 2020. Initially, the program was for three months but was later extended until the end of the year.
But GWCL says that from December 31 going, “the payment of water bill will be the responsibility of the customer.”
December 20, 2020
Becomes lowest tariff after ₹2 per kWh offer in November The solar power tariff continues to find a new all-time low level of ₹1.99 per kWh bid in the recent Gujarat auction. This comes within a month of SECI tender in Rajasthan auction wherein a tariff of ₹2 per kWh was quoted. The recent auction by the Gujarat Urja Vikas Nigam Limited for 500 MW witnessed a bidder quoting ₹1.99 per kWh, according to Mercom.
According to a report by Mercom, NTPC made an offer of ₹1.99 per kWh for 200 MW, Torrent Power Limited for 100 MW, Al Jomaiah Energy and Water Company Limited for 80 MW, and Aditya Birla Renewables for 120 MW, are among others.