Please note that all times mentioned are in Arabian Standard Time (GMT+3)
The Saudi Arabian Mining Company, Ma’aden, is a diversified mining business with operations in the extraction of phosphate, industrial minerals, aluminum, gold and base metals. Mining operations are organized in Strategic Business Units (“SBU’s”) which are profit centers with full accountability for profit and loss.
The mining sites of the SBU’s are often located in remote areas within Saudi Arabia and must therefore rely on fusel fuel generation for electricity supply. However, with the planned reductions of subsidies of fuel and the strategy of the government to reduce fuel domestic consumption towards a more sustainable energy generation and reducing the CO2 emission, alternative means for electricity supply must be investigated.
With the high irradiation in Saudi Arabia and the recent price decline of PV power plants, solar and wind energy in combination with electrical storage are a viable option to complement the existing or new fusel fuel generation to reduce fuel consumption, lower energy costs and reduce the risk of possible fuel price increases for Ma’aden. Furthermore, to implement the best technical solution offering the most value for money, besides deriving an optimal technical configuration, the procurement strategy of these hybrid plants shall be optimized to achieve the lowest electricity costs while warranting a maximum technical standard.
In parallel to implement energy conservation program and increasing energy efficiency for existing plant.
Manager of Renewable Energy Project, Ma'aden Corporate