Northern Region Cement Co. Announces Contract Sign Off with Sinoma Overseas Development Co., Ltd.
| Element List | Explanation |
|---|---|
| Introduction | In line with Saudi Vision 2030 and the Company’s strategy to enhance the use of renewable energy, Northern Region Cement Company (NRCC) is pleased to announce the signing of a contract for the construction of a 20-megawatt solar power plant with Sinoma Overseas Development Co., Ltd., a leading Chinese company in the cement industry and integrated engineering services provider with its business focused on cement EPC+, in Turaif City, Kingdom of Saudi Arabia. |
| Date of Announcement of the Award | 2025-10-07 Corresponding to 1447-04-15 |
| Contract Subject Matter | Signing of an Engineering, Procurement, and Construction (EPC) contract with Sinoma Overseas Development Co., Ltd. for the construction of a 20-megawatt solar power plant in Turaif, Kingdom of Saudi Arabia. |
| The Entity with Which the Contract was Signed | Sinoma Overseas Development Co., Ltd. |
| Date of Signing the Contract | 2025-10-07 Corresponding to 1447-04-15 |
| Contract Value | Total Contract Value of USD (8,700,000). |
| Contract Details | The contract intends to set up a 20MWp PV Power Plant on an Engineering, Procurement, and Construction (EPC) basis framework with the Chinese company, in Turaif City, Kingdom of Saudi Arabia.
For this purpose, the Chinese company will carry out the full scope of engineering, procurement, supply and delivery to during the contract duration time, in addition to civil construction, installation, and commissioning to ensure the project is fully operational. The scope of work also includes all buildings, offices, infrastructure, fences, and gates within the project site, as well as the engineering design of the project, in accordance with the terms and conditions of the contract. |
| Contract Duration | (10) months from the notice to proceed as per the provisions of the Contracts. |
| Financial Impact and the Relevant Period | The financial impact is expected after the commencement of operations expected by Q4 of 2026. |
| Related Parties | Not Applicable (N/A). |
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