(MENAFN) Khalid Al-Falih, Saudi Minister of Energy, Industry and Mineral Resources said the country will shortly have power from renewable energy, and for the first time, a project for solar power was signed at a competitive value to provide 300 megawatts of solar power.



"This is part of the National Transformation Program and it will be followed by other projects for wind power to make Saudi Arabia a leader in renewable energy like it is the case in petroleum, gas and petroleum industry." He said.



He also said that there are more opportunities in the country to invest in power sectors or renewable power, mining and national resources.



According to him, the investment in the mining and mainstream industry is estimated at USD120 billion, as Waad Al-Shamaal power plant produces 300 million cubic feet of gas a day.

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