Aqua inks $700M deal for gas-to-power in Mauritania

Saudi Aquaa Company, through its subsidiary Nadago Energy, has signed a public-private partnership agreement with the Government of Mauritania for a gas-to-electricity project. The project involves building a 230 MW power plant at an estimated cost of approximately 2.6 billion riyals (around $700 million). The agreements cover the design, financing, construction, operation, and maintenance of the plant under a combined cycle system for 25 years, as well as converting gas into electricity for the same duration. The goal is to enhance energy production in Mauritania, with no related parties involved in the contracts.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article