Our principal goal remains unchanged: focus on reliably delivering desalinated water and electricity at the lowest possible price and continue to serve the markets we operate in. Our specific targets are to complete the many plants under construction and bring them online on time, such as the two CSP plants in Morocco, which when completed together with the phase already dispatching green electrons day and night will then become the largest CSP complex in the world. Another exciting finish will be the DEWA 200MW photovoltaic IPP plant. Saudi has a 2,000MW gas-fired power plant that will come online this year. In terms of new tenders we expect to see the first few tenders in a major program of big new renewable projects here.
CEO, ACWA Power
Acting CEO, Wail Bamhair
Taqnia Energy seeks to be a key contributor to building a sustainable national economic sector in the field of energy. In order to achieve this end, the company has set within its main objectives the development and localization of energy-related industries and services, and made it a key part of the company's strategy. For instance, the Layla solar project (PV technology), the first solar IPP project in the Kingdom in partnership with Saudi Electricity Company and King Abdulaziz City for Science and Technology, aims to provide an alternative and clean source of energy for the best interests of the economy and help build a sustainable future. The solar power plant with capacity of 50MW will be connected to the grid and we will supply energy to neighboring villages. Saudi Electricity Company (SEC) is the buyer; it is the off-taker of the output of the field. We signed a PPA agreement to supply it with energy for USD0.05/kWh. SEC also provided the land for the project with a long-term lease agreement. SEC is a great partner; we are in constant contact, involving it in all stages of the project.
Nawaf Bin Faiez
CEO, Al Sharif Group
Our work includes the construction of overhead lines, towers, and substations. This is the bread and butter of what we do. Saudi Electricity Company (SEC) is our main client; some 80% of our jobs are via the SEC. The government plans to add 5GW to the network between 2017 and 2023, which is a decent amount. We are at 60GW capacity currently and by 2030 need to double that figure to 120GW. It is in the interests of the government to turn to renewables on a large scale to benefit from economies of scale and achieve the lowest kilowatt per hour (kWh) rates of around USD0.02, which is extremely ambitious. By 2030 we seek to have 10GW added to the network, though there is a large possibility that we will go beyond that figure much sooner than anticipated. There is an abundance of empty land that can accommodate hectares of solar panels, and I foresee the speedy development of solar PV happening in Saudi Arabia.
Fareed M. Al Yagout
President, National Power Company
The Ministry of Industry, Energy, and Minerals is taking the lead in renewables, and we are working on selecting a suitable qualified international consortium to bid on the coming 300MW project. We are trying to be competitive. We have already communicated our observations about what we faced in the past to the concerned ministry representatives. If we do not see proper bidding procedures with logic requirements, we will not participate and will go back for other industry development. We developed an industrial gases project in collaboration with Sipchem, one of the largest carbon monoxide projects in the world. We produce 340,000 tons today. The ministry expects to have 9.5GW in 2023, which is unattainable unless we think outside of the box in adopting new ways of bidding and opining the sector up for new proposals. That means the ministry should not just offer bidding for one or two projects a year, because the process is unitary. If we offer only one project a year, there's no way we can meet 9.5GW. Therefore, we have to do it another way in terms of bidding