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الاقتصادية
Aqua inks $700M deal for gas-to-electricity in Mauritania
Aqua Saudi Arabia, through its subsidiary Nadiago Energy, has signed a partnership agreement with the Mauritanian government to convert gas into electricity. The agreement includes the design, financing, construction, and operation of a combined cycle power plant with a capacity of 230 megawatts, under a 25-year government payment scheme. The overall cost of the project is estimated at approximately 2.6 billion riyals (700 million dollars). This initiative is part of the company's efforts to enhance energy sustainability and establish a global presence in the clean energy sector. The agreements also encompass a 25-year gas-to-electricity conversion arrangement with the Mauritanian Electricity Company. The project is considered a key part of Aqua’s investments focused on developing energy projects and expanding globally.
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