Wednesday, August 27, 2014

US firms eye $900M projects


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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