Red sea: Red Sea Global and ACWA Power have announced the Project Commercial Operation Date (PCOD) for the utilities project serving The Red Sea destination. The milestone marks a major step in developing and operating tourism destinations powered entirely by renewable energy.
According to Saudi Press Agency, the milestone follows the signing of a Commercial Operation Certificate by Marafiq Red Sea for Energy Co. (MRSEC), the project company established by ACWA Power in partnership with SPIC Huanghe Hydropower and Saudi Tabreed, and the Red Sea Utilities Company, a subsidiary of Red Sea Global. The step formally begins the project's 25-year concession period and underscores the success of the partnership in developing a fully integrated utilities system powered entirely by renewable energy and operating without a connection to the national grid.
The system currently serves hotels operating at The Red Sea destination, Red Sea International Airport, the logistics hub, a fleet of electric vehicles, the staff village, and supporting community and operational facilities. The project is the result of a long-term partnership between Red Sea Global and the ACWA Power-led consortium of SPIC Huanghe Hydropower and Saudi Tabreed. It provides five core utilities through a single integrated system: renewable energy, potable water, wastewater treatment, district cooling, and waste management.