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With a total investment of 8.3 billion riyals, the 2.6-gigawatt Al Shuaibah solar project is being developed by a joint venture comprising the state oil giant Aramco, Water and Electricity Holding Company (Badeel), and ACWA Power, a leading Saudi developer, investor, and operator of power generation, the fund said in a statement, reported Xinhua.
The project is expected to be operational in 2025. Once completed, it is estimated to provide green electricity to more than 450,000 households. -Bernama/Xinhua
