Funding for Saudi plant almost done


Megacity: This handout photo provided by Saudi Arabia’s NEOM on July 26, 2022 shows the design plan for the 500m tall parallel structures, known collectively as The Line, in the heart of the Red Sea megacity NEOM. — AFP

RIYADH: The financing for a green hydrogen project in Neom, Saudi Arabia, set to be one of the world’s largest, may soon be completed, according to ACWA Power Co.

Construction of the US$5bil (RM23.3bil) plant in the north-west of the kingdom has started and it’s “very much on track” to be finished on schedule in 2026, Paddy Padmanathan, chief executive officer of ACWA, said in an interview.

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