Al Yamamah Steel to launch solar plant operations in Q2 2019

05/03/2019 Argaam

 

Al Yamamah Steel Industries Company will launch commercial operations at Al Yamamah Solar Power Systems plant in Q2 2019, the company said in a bourse filing.

 

The plant will manufacture the steel structure system, to be used in the tracking system of CSP (Concentrated Solar Plant) in Dubai Solar Park Project - Phase IV.

 

Al Yamamah yesterday signed a contract with Spain’s Europea de Construcciones Metalicas S.A. to supply solar steel structures to Dubai Solar Park Project - Phase IV.

 

Under the four-year contract, valued at $106.7 million (SAR 400.3 million), the steel manufacturer will deliver the required structures as of September 2019 for an extendable period of 26 months.

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