{"id":100086,"date":"2025-08-28T00:00:00","date_gmt":"2025-08-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/08\/28\/maaden-subsidiary-inks-30-year-solar-power-agreement-for-al-baitha-mine\/"},"modified":"2025-08-28T00:00:00","modified_gmt":"2025-08-28T00:00:00","slug":"maaden-subsidiary-inks-30-year-solar-power-agreement-for-al-baitha-mine","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/08\/28\/maaden-subsidiary-inks-30-year-solar-power-agreement-for-al-baitha-mine\/","title":{"rendered":"Ma\u2019aden subsidiary inks 30-year solar power agreement for Al Baitha mine"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Ma\u2019aden to tap solar power for its Al Baitha mine:<\/strong> Ma\u2019aden Bauxite and Alumina Company, a Ma'aden subsidiary, signed a 30-year power purchase agreement with <a target=\"_blank\" href=\"https:\/\/emerge-energy.com\/\" style=\"\" rel=\"noopener\">Emerge<\/a>, a JV between Masdar and <a target=\"_blank\" href=\"https:\/\/edf-powersolutions.com\/en\/\" style=\"\" rel=\"noopener\">EDF power solutions<\/a>, to build a solar power plant for the Al Baitha Bauxite Mine, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/1653.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More details:<\/strong> The off-grid facility will include an 8 MW solar array and a 30 MW battery system and is expected to generate about 17.3k MWh of capacity annually and cut 13.8k tons of CO2 emissions. This will allow the mine to run almost fully on renewable energy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amlak International Finance Company secured SAR 250 mn in a shariah-compliant<\/strong><strong> loan <\/strong><strong>from <\/strong><strong>Emirates NBD KSA<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=89816&anCat=1&cs=1182&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. The four-year facility \u2014 backed by receivables assignments and a promissory note \u2014 will support Amlak\u2019s operations and boost finance to clients.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The National Housing Company opened registration of interest for its new <\/strong><strong>residential <\/strong><strong>project Wahaj<\/strong>, located south of Riyadh, it <a target=\"_blank\" href=\"https:\/\/x.com\/SaudiNHC\/status\/1960675595882287542\" style=\"\" rel=\"noopener\">said on X<\/a> yesterday. The 270k sqm project will include 956 villas and townhouses of different sizes, with access to main roads and nearby services, according to the <a target=\"_blank\" href=\"https:\/\/www.nhc.sa\/en\/real-estate-development\/projects\/47638\/?_gl=1*13nw3ma*_gcl_au*MjQyMjg2MTE2LjE3NTYxOTQ0NDM.\" style=\"\" rel=\"noopener\">project\u2019s page<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STARTUP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh-based m<\/strong><strong>obil<\/strong><strong>e g<\/strong><strong>aming studio <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.shebajoy.com\/\" style=\"\" rel=\"noopener\">Sheba Joy<\/a><\/strong><strong> raised around SAR 1.1 mn in a pre-seed <\/strong><strong>funding round led by <\/strong><strong><a target=\"_blank\" href=\"https:\/\/merak.capital\/\" style=\"\" rel=\"noopener\">Merak Capital<\/a><\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/08\/sheba-joy-raises-293000-pre-seed-merak-capital\" style=\"\" rel=\"noopener\">press release<\/a> published yesterday. The company will use the fresh funds to expand production capacity, attract talent, and develop commercial games.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Sheba Joy:<\/strong> Established in 2021 by Ebrahim Al Hossam (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ebrahim-alhussam\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Faisal Al Hamed (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/faisalaidaros\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), the gaming studio also has a UAE office and a creative studio in India, in addition to the Riyadh headquarters. Using talents from both regions, the company has created mobile games such as Ludo Chat and Town Stars.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Third-year secondary school students will be studying <\/strong><strong>tourism and hospitality<\/strong>, after the National Curriculum Center added them as subjects in collaboration with the Education Ministry and Tourism Ministry, the <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/654467\/SAUDI-ARABIA\/Tourism-and-hospitality-included-in-the-curriculum-of-the-final-year-of-secondary-schools\" style=\"\" rel=\"noopener\">Saudi Gazette<\/a> reported on Tuesday. The curriculum uses a self-training approach to teach basic concepts and practical skills in these fields, covering topics such as the Kingdom\u2019s tourism resources, careers in the sector, marketing, sustainable tourism, and innovation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ALSO- Amlak International inked a four-year SAR 250 mn shariah-compliant credit facility with Emirates NBD - KSA<\/p>\n","protected":false},"author":1,"featured_media":100087,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,2810,2441,57,2497,4131,2425,10,351,106,921],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-amlak-international-finance","tag-debt","tag-debt-watch","tag-education","tag-emerge","tag-energy","tag-enterpriseam-ksa","tag-national-housing-company","tag-real-estate","tag-tourism-ministry","wpautop","entry"],"acf":{"mongo_id":"bc77a6fe-5361-4437-bc5c-d4c4753ccd88","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/351.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ma\u2019aden subsidiary taps Masder-EDF JV to power Al Baitha Bauxite Mine via solar energy","related_issue":[100071],"teaser":"ALSO- Amlak International inked a four-year SAR 250 mn shariah-compliant credit facility with Emirates NBD - 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