This project will be located at Nadec City in Al Hasa, Saudi Arabia. Once operational, the solar project will reduce client's fuel consumption by 124,000 barrels per year, which will further result in a decline of 53,000 tonnes of annual carbon emissions. The scheme includes development, and overall ownership, operation and maintenance of the solar PV plant on a BOO (build, own, operate) basis for a duration of 25 years. The PPA entails to the purchase of energy from Engie at a fixed price of $0.03 (SAR0.09) per kWh. Nadec said financial savings from the reduction in fuel consumption would begin from the date of operation “based on the fuel prices prevailing at the time”.