King Salman calls for rain-seeking prayer on Thursday    Lebanon, Israel agree to US-brokered deal to end conflict    Israel-Hezbollah ceasefire designed to be permanent, says Biden    Anger in Israel at 'irresponsible and hasty' ceasefire    Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    Finance minister: All Vision 2030 projects have sustainable funding that won't affect public finances    Crown Prince announces medium-term debt strategy to diversify funding sources "A resilient economy capable of overcoming challenges reflects progress towards achieving Vision 2030 goals"    'No excuses' for Israel to not accept ceasefire deal, EU foreign policy chief says    Riyadh Season draws 8 million visitors in 6 weeks    Alkhorayef highlights role of National Initiative for Global Supply Chains in boosting Saudi economy    Saudi Arabia signs investment deals worth SR35bn with foreign firms to strengthen global supply chains    Saudi Arabia unveils updates on Expo 2030 Riyadh master plan at 175th BIE General Assembly Riyadh Expo Development Company established to oversee strategic planning, operations, and legacy development    Saudi FM attends Quadripartite meeting on Sudan in Italy    Best-selling novelist Barbara Taylor Bradford dies    Cristiano Ronaldo's double powers Al Nassr to 3-1 win over Al Gharafa in AFC Champions League    Al Ahli edges Al Ain 2-1, bolsters perfect start in AFC Champions League Elite    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Do cigarettes belong in a museum?    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



SPARK appoints SAPCO to deliver cutting edge power services to investors
Published in The Saudi Gazette on 12 - 11 - 2021

SPARK Utilities announced the appointment of Saudi Aramco Power Company (SAPCO) as operation and maintenance services provider to manage power infrastructure and services at SPARK; the world leading energy-centric ecosystem.
The appointment of SAPCO is a defining moment in SPARK's development, as it will enable the energy hub to energize its power distribution network thus lowering costs and barriers to entry to investors.
With the first phase of development nearly complete, SPARK has established SPARK Utilities; a subsidiary company to distribute power, water, and gas distribution within the city and to manage the utilities infrastructure at international standards.
President and CEO of SPARK Saif S. Al Qahtani underlined the significance of the moment: "In taking a step closer to the energization of the city, we give further proof that we can satisfy our investors' requirements and work together with them to fulfill Saudi Arabia's 2030 Vision of enabling a thriving economy and a robust energy cluster in the Kingdom.
"Our plug-and-play concept reassures investors that SPARK's ecosystem gives them all they need to do business here."
SPARK's value proposition targets investors and partners of all sizes. During the past two years, SPARK signed investment agreements with over 30 major energy and technology companies to invest in the energy park, with an additional 15 companies in the pipeline.
It is expected that foreign direct investment in the park will exceed $2.4 billion in the years ahead once investors complete construction of their facilities.
SPARK's plug-and-play concept is key to enabling investors to achieve their growth objectives, as the utilities infrastructure is built right up to the edge of the boundary of each plot. This allows them to operate immediately with no delay and at a reduced capital.
SPARK Utilities Company CEO Einas Al Ashgar added: "Our partnership with SAPCO is a key milestone in the progress we are making to provide a sustainable platform with a world-class infrastructure and services for our investors.
"Convenient and reliable access to power is an essential factor for investors seeking to base themselves at the heart of the regional energy sector and allows them to benefit from the all-inclusive, full-service environment available at SPARK."
SAPCO CEO, Abdulaziz Al Naim explained the benefits of the smart grid system: "We are proud that SPARK Utilities is putting its full confidence in us to oversee power infrastructure and services at SPARK.
"The Smart Grid System introduced as part of the SPARK Energy Hub allows investors to confidently expect full and reliable power access right from the very first moment they start operations. The smart grid system provides increased access to real-time data on power consumption and usage and ensures business continuity and smart power usage."
SPARK offers high-quality ecosystem which include world class infrastructure, logistics park, advanced network of electric power, water, sales gas, sanitation systems, drainage and the most modern communications network in the Kingdom, all constructed with the environment and long-term sustainability in mind.
SPARK will create significant employment, further diversify the economy, and attract additional foreign investment into the Kingdom. — SG


Clic here to read the story from its source.