Shanghai Electric tapped for Al Sadawi EPC: Emirati state-run renewables giant Masdar awarded the EPC contract for its 2 GW Al Sadawi solar plant in Saudi Arabia to Chinese power generation firm Shanghai Electric, Trade Arabia reports. The project — part of the fifth round of the Kingdom’s National Renewable Energy Program — is set to be Shanghai Electric’s largest EPC contract for a solar power project once completed. There is no readily available information on the value of the contract.

REMEMBER- Masdar, Korea Electric Power, and China’s GD Power Development were reportedly forming a JV to develop the project with USD 1.1 bn in investment. GD Power Development will reportedly have a 40% stake in the project, but the entire ownership structure has not been officially disclosed.

BACKGROUND- State-owned Saudi Power Procurement Company signed a Power PurchaseAgreement for the project with Masdar, Korea Electric Power Corp, and GD Power late last year. The plant is slated to reach its full capacity by May 2026, while the official commercial operation is scheduled for August 2027.

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