Logistics Gulf News
Subscription
Advertise
  • Home
    • About Us
  • News
  • Transport
    • Air Cargo
    • Airlines
    • Maritime
    • Rail
    • Road
  • Ports
    • Airports
  • Materials Handling
    • Warehousing
  • Vehicles
    • Automobiles
    • Autonomous
    • Commercial
    • Construction
    • Truck & Fleet
  • E-commerce
  • Technology
    • Blockchain
    • IoT
    • Robotics
    • Telematics
  • Interviews
    • Analyses
    • Opinion
    • Outlook
    • View Point
  • Express Deliveries
  • Freight
  • FM
    • Waste Management
  • Events
    • LIL KSA Summit 2025
    • Transit ME 2025
    • LIL Awards UAE 2024
    • LIL KSA Summit 2024
    • LIL Awards UAE 2023
    • LIL Summit KSA 2023
    • LIL Awards UAE 2022
No Result
View All Result
LogisticsGulfNews.com
No Result
View All Result
solitairholding solitairholding solitairholding

HRH Saudi Minister of Energy and Azeri President attend ACWA Power groundbreaking SAR 1.1bn wind project

by Kevin Vaz
April 19, 2023
in News

This is the first and largest foreign investment in Azerbaijan’s renewable power sector

HE President Ilham Aliyev (right) and HRH Prince Abdulaziz Bin Salman Bin Abdulaziz Al Saud

The Azerbaijani Ministry of Energy and ACWA Power held a groundbreaking ceremony for the 240 MW wind power plant with an investment value of SAR 1.125bn (US$ 300mn), following the signing of power purchase, investment and transfer agreements according to an independent power generation project model.

As part of ACWA Power’s commitment to deliver socio-economic value to communities it operates in, the company devised a robust training programme dedicated to boosting knowledge transfer and arming local talent with the skill-sets needed to drive future clean energy projects in Azerbaijan. The project will localise the use of talents and utilise local contractors that adhere to world-class health and safety standards.

“The project agreements are building blocks in the countries’ bilateral relations, and reflect the commitment of KSA and Azerbaijan to enhance the utilisation of numerous energy fields, especially renewable energy,” affirmed HRH Prince Abdulaziz Bin Salman Bin Abdulaziz Al Saud, Saudi Minister of Energy.

“As part of ACWA Power’s commitment to deliver socio-economic value to communities it operates in, the company devised a robust training programme dedicated to boosting knowledge transfer and arming local talent with the skill-sets needed to drive future clean energy projects in Azerbaijan,” commented Parviz Shahbazov, Minister of Energy, Republic of Azerbaijan. “We are confident that our partnerships with reputable international investors in this pioneering project will ensure its implementation at an accelerated pace,” remarked  Mohammad Abunayyan, Chairman, ACWA Power.

Want to stay updated on the latest industry news and trends? Subscribe today to receive your monthly news highlights directly in your inbox!

Tags: energyPartnershipPower
ShareTweetShareSend

Related Posts

Julien Calloud Appointed CEO of SAVOYE to Lead a New Era of Performance and Innovation
News

Julien Calloud Appointed CEO of SAVOYE to Lead a New Era of Performance and Innovation

June 30, 2025
JIMMY Makes Grand Entry into the UAE with AMIT Retail LLC as Exclusive Partner
News

JIMMY Makes Grand Entry into the UAE with AMIT Retail LLC as Exclusive Partner

May 20, 2025
EtihadWE Appoints First Chief People Officer (CPO)
News

EtihadWE Appoints First Chief People Officer (CPO)

May 6, 2025
Mohammad Sleiman Appointed CEO of Basatne Group MENA to Spearhead Regional Circular Economy Leadership
News

Mohammad Sleiman Appointed CEO of Basatne Group MENA to Spearhead Regional Circular Economy Leadership

April 28, 2025
Please login to join discussion

Search

No Result
View All Result

Recent News

Saudi Red Sea Authority Issues Maritime Tourism Agent License to Support Coastal Tourism Activities

Saudi Red Sea Authority Issues Maritime Tourism Agent License to Support Coastal Tourism Activities

July 10, 2025
Empower Supports Sustainable Energy Future with its Strategic Sponsorship of WETEX 2025

Empower Supports Sustainable Energy Future with its Strategic Sponsorship of WETEX 2025

July 1, 2025
Julien Calloud Appointed CEO of SAVOYE to Lead a New Era of Performance and Innovation

Julien Calloud Appointed CEO of SAVOYE to Lead a New Era of Performance and Innovation

June 30, 2025

LogisticsGulfNews.com, the niche media portal designed for the industry, is deeply committed to representing, serving and promoting the interests of the logistics and supply chain businesses in the region

Recent News

  • Saudi Red Sea Authority Issues Maritime Tourism Agent License to Support Coastal Tourism Activities
  • Empower Supports Sustainable Energy Future with its Strategic Sponsorship of WETEX 2025
  • Julien Calloud Appointed CEO of SAVOYE to Lead a New Era of Performance and Innovation

Contact Us

For Editorial Opportunities
editor@logisticsgulfnews.com

For Advertising Opportunities
info@logisticsgulfnews.com

AARYA Media FZC LLC
A- 5805-189, Business Club
Ajman Media City.
P.O Box 29127
Phone: +971 4 368 8464
Ajman- United Arab Emirates

  • About Us
  • Advertise
  • Subscription
  • Contact Us

©️ 2021 Logistics Gulf News. All rights reserved

No Result
View All Result
  • Home
    • About Us
  • News
  • Transport
    • Air Cargo
    • Airlines
    • Maritime
    • Rail
    • Road
  • Ports
    • Airports
  • Materials Handling
    • Warehousing
  • Vehicles
    • Automobiles
    • Autonomous
    • Commercial
    • Construction
    • Truck & Fleet
  • E-commerce
  • Technology
    • Blockchain
    • IoT
    • Robotics
    • Telematics
  • Interviews
    • Analyses
    • Opinion
    • Outlook
    • View Point
  • Express Deliveries
  • Freight
  • FM
    • Waste Management
  • Events
    • LIL KSA Summit 2025
    • Transit ME 2025
    • LIL Awards UAE 2024
    • LIL KSA Summit 2024
    • LIL Awards UAE 2023
    • LIL Summit KSA 2023
    • LIL Awards UAE 2022

©️ 2021 Logistics Gulf News. All rights reserved