A6010 NADEC0.0 (0.0 %)
1443/03/26 Mon Nov 1, 2021 08:26:49
National Agricultural Development Co. (NADEC) Announces an update on the announcement of signing an agreement of 30 MW Solar Energy Project in Haradh

Share this: Facebook TwitterLinkedIn

Element List Explanation
Introduction With reference to the National Agricultural Development Company (NADEC) announcement on Tadawul website dated 31 August 2021 regarding the update on the agreement of 30 MW Solar Energy Project in Haradh.

(NADEC) Company would like to announce to its shareholders the completion of the construction works of the project (Phase 2) by operating 30 MW, and starting the qualification of commercial operation for the project.

The financial impact by operating the entire project (30 MW) was mentioned in the previous announcement.

It was also mentioned in the previous announcement that the additional savings, if any, from the actual use of the solar panels will be evaluated in the fourth quarter of 2021 AD, during the project's operation period.

Previous Announcement National Agricultural Development Co. (NADEC) Announces an update on the announcement of signing an agreement of 30 MW Solar Energy Project in Haradh
Date of Previous Announcement on Tadawul's Website 2021-08-31 Corresponding to 1443-01-23
Percentage of fulfilled achievement 100%
Event's Expected Completion Date N/A
Reasons for Exceeding the Announced End Date N/A
The costs associated with the event, and if they have changed or not with indication of the reasons. N/A
Impact of the Delay on the Company's Financial Results N/A

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Attachments

  • Original document
  • Permalink

Disclaimer

NADEC - National Agriculture Development Co. SJSC published this content on 01 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2021 09:56:01 UTC.