Riyadh Cement awards $34.8m Contract to Sinoma Energy
Riyadh Cement Company announced in a statement that it has signed a contract for the Waste Heat Recovery Project with Sinoma Energy Conservation Ltd.
The value of the contract is $34.8 million.
The Project is related to Establishing power generation plant from waste heat with a production capacity of 12.64 MW. The duration of the contract is 20 months.
A local bank will finance the project, the statement added. The bank's name was not given.
