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An Arabian cement factory
Arabian Cement Co. signed an agreement with the National Grid SA, a subsidiary of the Saudi Electricity Co. (SEC), to establish a power transmission station that will deliver electricity to its plant in Rabigh with a load capacity of 101 MVA.
The project is part of the fuel displacement program and is set to remain valid until Dec. 31, 2025, or until completion, according to the agreement terms.
For more news on listed companies
In a statement on Tadawul, Arabian Cement said the deal aligns with the efforts of the energy, industry, and mineral resources sectors to achieve fuel displacement targets.
The project aims to reduce emissions from power generation at the company’s facilities and enhance operational reliability across the grid, with no significant financial impact on the company, the company added.
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