Slogan Northern area cement firm
An organization signed Northern area cement The development of a solar energy station in Tarif Governorate with a capability of 20 megawatts, with Sinoma Overses Growth Firm Restricted, which is a Chinese language firm working within the cement business and offering built-in engineering providers, at a worth of 32.6 million riyals (8.7 million {dollars}).
The corporate added in a press release to Tadawul, that the contract in keeping with the engineering contracts system, provide and development (EPC) with the Chinese language firm, and the Chinese language firm, in its capability, will implement engineering, provide and full supply work in the course of the contract interval along with the set up work, civil constructions and experimental operation of the mission and its readiness to work.
She said that the works embody all buildings, places of work, infrastructure, fences and gates inside the mission website and engineering design for the mission in accordance with the phrases and situations of the contract.
It anticipated that the constructive monetary affect of this contract can be mirrored after the beginning of operational operations and on the monetary statements of 2026, mentioning that the monetary affect can be evaluated within the fourth quarter of 2026.
She indicated that the contract interval begins from the date of the notification to begin in keeping with the phrases of the contract for a interval of 10 months, noting that there are not any events associated to this contract.
