Al Babtain to Set Up Wind Power Plant in KAEC

By Davis Thattil | Mar 29, 2018
The Industrial Valley in King Abdullah Economic City has signed a contract with the International Wind Power Company (IWPC), a subsidiary of Al Babtain Power & Telecommunication Company, to build Saudi Arabia’s first commercial wind farm. Under the terms of the contract the IWPC will lease 102,000-sqm of land on which to build wind turbines to generate electricity.

 “We continue to work toward the aims of Saudi Vision 2030 by opening the door to local and international companies who invest in ventures that diversify the Kingdom’s economy. Renewable energy is a promising sector that holds many development opportunities in the medium and long term”, said Fahd Al-Rasheed, Managing Director and Group CEO of KAEC.

The Al Babtain plant in the Industrial Valley is the company’s first investment in the field of generating renewable energy inputs in the Kingdom of Saudi Arabia.  Production is scheduled to begin in 2019. According to government estimates, Saudi peak energy demand is expected to exceed 120GW by 2032, prompting the Kingdom to launch the National Renewable Energy Program (NREP), which aims to substantially increase the share of renewable energy in the total energy mix, targeting the generation of 3.45 GW of renewable energy by 2020 and 9.5GW by 2023.

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