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Article: Saudi Arabia : Showa Shell, Saudi Aramco to form solar power JV.
- Article from:
- TendersInfo
- Article date:
- June 25, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Japanese oil distributor Showa Shell Sekiyu KK (5002.T) and Saudi Aramco Oil Co plan to jointly set up small-scale solar power facilities in Saudi Arabia next year, the Nikkei business daily reported without citing sources.
Showa Shell, Japan's fifth-biggest oil refiner, aims to turn solar cells into a key business because domestic demand for gasoline and other oil products is expected to weaken sharply, Nikkei said. It also plans to boost its solar cell production capacity from 80,000 KW to 1 million KW by around 2011, the paper said. Showa Shell and the Saudi Arabian state-run oil company intend to choose several sites in Saudi Arabia ...