NADEC expects Haradh solar project to start commercial ops on July 31

29/03/2021 Argaam

Logo of NADEC

National Agricultural Development Co. (NADEC) announced today, March 29, 2021, that the construction works on the 30 megawatts (MW) solar energy project in Haradh is 75% complete.

 

The commissioning and commercial operations are expected on July 31, 2021, the company said in a bourse filing.

 

The company attributed the delay to the COVID-19 pandemic that resulted in a force majeure situation, impacting global supply chains. This, in turn, delayed some project execution work.

 

The financial impact will be announced upon completion of construction work and commercial operation commencement, the statement noted.

 

In July 2019, NADEC signed a solar power purchase agreement (PPA) with France-based World Energy Actor for 25 years to set up a 30 MW solar power project in NADEC City, Haradh, through integration with the company’s current energy resources, Argaam reported.

 

The company previously expected the project to begin commercial operation on Oct. 31, 2020, later pushed to March 31, 2021.

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