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Al-Babtain Power and Communications Company has signed a contract with Europea De Construccions Metalicas SA, Spain (EUCOMSA) for the manufacturing and supply of CSP for phase IV of the Mohammed Bin Rashid solar power plant, in the municipality of Dubai.
The company said today in a statement, "Tadawul", that the contract value is $ 69.51 million (about 260.66 million riyals), which indicates a duration of 31 months to count of the date of signature on March 11, 2019.
The company noted that the financial impact of this contract will appear from the fourth quarter of 2019, pointing out that there are no related parties.
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