27 August 2014
A handful
of US-based energy firms have met with the government over the past week to
discuss plans for two large-scale power-generation projects worth a total of
$900 million.
According
to the Ministry of Commerce’s official Facebook page, representatives from US
renewable energy firms Willowbrook Company and Sun Edison met with Commerce
Minister on 20 August to present plans for a 200-megawatt solar power plant
valued at $400 million.
According
to a second statement from the ministry, Beowulf is currently “evaluating the
possibility” of investing $500 million into the construction of an oil refinery
in the Kingdom.
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