Acwa Power awards Red Sea biofuel supply contract
RIYADH, 1 hours, 27 minutes
ago
Acwa Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants, has signed a MoU with Neutral Fuels, the largest biofuel producer in the GCC, for future collaboration on the supply of its net zero biofuel for Saudi Arabia’s most ambitious regenerative tourism project on the Red Sea coast.
A consortium led by Acwa Power had been awarded The Red Sea Development Company’s (TRSDC) highest value contract to design, build, operate and transfer the project’s sustainable utilities infrastructure in November last year.