Saudi-ALSHARQIYA May 28 : Bloomberg reported, Thursday, that a Saudi company working in water desalination and power generation submitted a bid during an auction of one of the largest renewable energy projects in South Africa.
The American website stated that the Saudi-based company, ACWA Power, intends to enter into a large auction that works in different types of renewable energy.
The Ministry of Mineral Resources and Energy said, Wednesday, that the next auction to buy 1,600 megawatts of wind power and 1,000 megawatts of solar energy is expected to close by March 2022 and connect to the grid by April 2024.
"We intend to participate in this round of the auction and look forward to being a part of future developments," ACWA Power Portfolio Manager Rajit Nanda said in response to questions.
South Africa is also struggling to meet electricity demand with a fleet of poorly maintained coal plants, which has curtailed economic activity.
Cups Ur also suggested participating in various projects in South Africa, from a coal-fired plant to a solar and battery project.
The company said it is taking a "technologically neutral" approach that "meets customer requirements at low costs".
Founded in 2004, ACWA Power owns conventional and renewable energy projects in several countries, including Morocco, Uzbekistan and Egypt, in addition to Saudi Arabia.