SPARK Utilities has announced the appointment of Saudi Aramco Power Company (SAPCO) — a fully-owned subsidiary of Saudi Aramco — as its choice operation and maintenance services provider to manage power infrastructure and services at the King Salman Energy Park (SPARK).
The park has been touted, on several different occasions as the world’s leading energy-centric ecosystem.
As the project approaches the end of its first phase, SPARK has established SPARK Utilities, which it has presented as a subsidiary company that will be in charge of distributing power, water, and gas within the city. The arm will also be in charge of managing and developing the utility infrastructure to meet global standards.
The appointment of SAPCO is a milestone move in the development of SPARK. It is hoped that this would enable the energy hub to strengthen its power distribution network, cutting down costs and removing barriers to entry to investors.
The President and CEO of SPARK, Saif S Al Qahtani said: “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.”
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