根据合同条款，项目的主要工程内容涵盖光伏发电站的工程设计、设备采购、运输和安装、土建施工、输电线路建设、变电站构建以及并网调试等全方位服务。China Energy Construction announced last night that its subsidiary formed a joint venture that successfully won the bid and signed the EPC contract for the Haden 2GW photovoltaic project in the fourth phase of the Saudi PIF. The contract amount is as high as 0.972 billion US dollars, equivalent to approximately 6.979 billion yuan.
Caixin Media August 14th (Editor Li Lin/Intern Chen Yu Jia) China Energy Construction Limited announced last night that its subsidiary formed a joint venture that successfully won the bid and signed the EPC (Design, Procurement, Construction) contract for the Haden 2GW photovoltaic project in the fourth phase of the Saudi PIF. The contract amount is as high as 0.972 billion US dollars, equivalent to approximately 6.979 billion yuan.
China Energy Construction's joint venture, including China Energy Construction International Construction Group, China Energy Construction Group Guangdong Thermal Power Engineering Co., Ltd., and Northwest Electric Power Design Institute of China Power Engineering Consulting Group, officially signed the EPC contract for the Haden 2GW photovoltaic project in the fourth phase of the Saudi PIF. The project company, Brumack Renewable Energy Company, is jointly operated by Saudi International Power and Water Company, Saudi Public Investment Fund, and Saudi Aramco Power Company. The project is located approximately 93 kilometers northeast of Taif City, Mecca Province, in western Saudi Arabia, and has a large-scale, total installed capacity of 2,000 megawatts (2GW).
According to the terms of the contract, the main engineering content of the project covers comprehensive services such as the engineering design, equipment procurement, transportation and installation, civil construction, transmission line construction, substation construction, and grid connection debugging of the photovoltaic power station.
The total construction period of the project is estimated to be 31 months, including the construction period and the subsequent 24-month warranty period.
China Energy Construction stated that the project is planned to achieve commercial operation in early 2027, and it is estimated to generate a total of approximately 156.189 billion kilowatt-hours of electricity within 25 years, reducing carbon dioxide emissions by nearly 0.147 billion tons, and helping Saudi Arabia achieve its "net-zero emissions" target by 2060.
Prior to this, China Energy Construction signed the bid agreement for the second phase of the 2.6 GW photovoltaic project of Saudi PIF with ACWA Power in October 2022. The project is located approximately 80 kilometers south of Jeddah City, Mecca Province, Saudi Arabia, and it is the largest photovoltaic power station project developed by ACWA Power in Saudi Arabia since its listing, including the design, procurement, construction, and debugging of the photovoltaic power station.
China Energy Construction disclosed in June of this year that the D-section of the project was successfully connected to the grid for the first time.
To promote the transformation of energy structure, Saudi Arabia's 'Vision 2030' proposes to increase the proportion of new energy to 50% by 2030, mainly through photovoltaic power generation. In December 2023, Saudi Arabia announced that starting in 2024, it will tender 20GW of renewable energy projects annually, aiming to reach a total installed capacity of 130GW by 2030.
