Nouran Gohar, Diego Elias win at CIB World Squash Championship    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    Egypt sets EGP 4b investment plan for Qena governorate    Russian refinery halts operations amid attacks    Egypt's gold prices increase on Sunday    Egypt, AIIB collaborate to empower private sector    EGP 8.711bn allocated for National Veal Project, benefiting 43,600 breeders    Egypt, Senegal seek to boost employment opportunities through social economy    Partnership between HDB, Baheya Foundation: Commitment to empowering women    Companies, associations' investments in MSMEs reach EGP 61.1bn in February 2024    Venezuela's Maduro imposes 9% tax for pensions    Health Minister emphasises state's commitment to developing nursing sector    20 Israeli soldiers killed in resistance operations: Hamas spokesperson    Sudan aid talks stall as army, SPLM-N clash over scope    France deploys troops, blocks TikTok in New Caledonia amid riots    Microsoft eyes relocation for China-based AI staff    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Niger restricts Benin's cargo transport through togo amidst tensions    Madinaty Open Air Mall Welcomes Boom Room: Egypt's First Social Entertainment Hub    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi sets out roadmap for major renewable energy programme
Saudi Arabia adopts plan to invest in renewable energy as domestic oil consumption rises
Published in Ahram Online on 24 - 02 - 2013

Saudi Arabia has published a roadmap for its renewable energy programme, aimed at reducing the amount of oil it burns in power stations, and targets issuing final bids for the first plants within three months.
The world's top oil exporter aims to install 23.9 gigawatts (GW) of renewable power capacity by 2020 and 54.1 GW by 2032, it said in the roadmap, which would make Saudi Arabia one of the world's main producers of renewable electricity.
In 2011 global installed capacity for photovoltaic (PV) solar power, the most common solar technology, was 69.4 GW, the BP Statistical Review of World Energy 2012 said.
The kingdom says it has crude output capacity of 12.5 million barrels a day, but domestic oil consumption is rising quickly and may start to cut into the amount of energy available for export.
The King Abdullah City for Atomic and Renewable Energy (KACARE), the government department responsible for the programme, last year published its vision for a long-term energy mix that relied on big contributions from solar and nuclear energy.
KACARE said in its roadmap, a white paper published on Wednesday, that it aims to issue a request for prequalification for the first rewewable plants within two months, a final tender within three months and to award contracts within a year.
It said the initial contracts would be part of an "introductory" procurement round of 500-800 megawatts, but that it would launch two more tenders within three years for 7 GW of installed capacity. It said 5.1 GW would be installed in the first five years.
Saudi Arabia wants most of the new renewable energy capacity to come from two solar power technologies, but is also seeking to generate electricity from wind, geothermal and waste-to-energy projects.
KACARE specified that in the first two bidding rounds after the introductory procurement round, it wanted 2.4 GW of PV solar energy capacity and 2.1 GW of solar thermal capacity.
Renewable power developers will have 20-year contracts to sell electricity to a new government body that will in turn sell it on to the national grid.
New projects will have minimum requirements for local content and the employment of Saudi nationals, KACARE said, and developers must contribute to a Saudi research and development programme for renewable energy.
The initial tendering process for the first projects this year aims to determine the cost of installing major renewable plants in Saudi Arabia to set a pricing structure for future bidding rounds, it said.
http://english.ahram.org.eg/News/65468.aspx


Clic here to read the story from its source.