Riyadh Cement inks SAR 85M deal to build power grid

Logo of Riyadh Cement Co.

Riyadh Cement Co. signed an SAR 85 million contract with Chengdu Design and Research Institute of Building Materials Industry Co. to build an electrical grid under the Liquid Fuel Displacement Program, completing the electricity supply project for its plant in Nisah on an EPC basis.

In a statement to Tadawul, the company said this contract is expected to enhance energy efficiency, reduce emissions from electricity generation within the company’s facilities, and improve the reliability of the company’s operational processes, thereby supporting stable production operations from the start of commissioning.

The project aims to enhance the efficiency of existing production lines and support Saudi Arabia’s Vision 2030, while advancing the objectives of the Liquid Fuel Displacement Program backed by the Ministry of Industry and Mineral Resources. It is also expected to improve energy efficiency and environmental sustainability, Riyadh Cement said.

The contract term is one year from the signing date. The contractor has taken possession of the site and commenced work as of Dec. 14, with the advance payment made in line with the agreed terms.

Riyadh Cement said there are no related parties involved in the deal.