Search SaudiArabiaPR.com

Home >> Energy and Industry

SADAFCO Launches Solar Power Project in Riyadh in line with the Kingdom's Vision for 2030 and creating new employment opportunities

SADAFCO Launches Solar Power Project in Riyadh in line with the Kingdom's Vision for 2030 and creating new employment opportunities

Saturday, December 17, 2016/ Editor -  

Share

Home >> Energy and Industry

With Net Profit Reaching SAR 159 Million; a 41.8% Increase Compared to the Same Period Last Year:

Riyadh, December 17, 2016

Saudia Dairy and Foodstuff Company (SADAFCO) has commenced operations of the new solar project that comes in line with the Kingdom’s 2030 vision for renewable energy, offering new employment opportunities and creates economic diversification. 

“The new 2 SAR million solar power project at our Riyadh Regional Distribution Centre (RDC) is utilizing a photovoltaic (PV)-diesel hybrid system that can deliver up to 40 percent of the facility’s daytime energy requirements,” said Wout Matthijs, CEO of SADAFCO during a media tour at the RDC in Riyadh.

“We are excited that the Riyadh RDC Solar Project is operational as it is a huge step towards becoming more sustainable,” stated Matthijs. “We are looking forward to find new ways to become more efficient and apply these learnings to other areas in which SADAFCO operates. This is not just about powering our business, but reducing our operation’s carbon footprint in a way that is socially responsible.”

Covering a surface area of about 1,600 m2, over 2,000 solar cells have been installed atop the carport structures in the parking area offering the additional benefit of sun shade for cars. The project will operate high performance thin film photovoltaic modules from US-headquartered First Solar, Inc. These modules deliver more energy than conventional crystalline silicon panels, in the hot, humid and dusty conditions experienced in the greater part of Saudi Arabia. The hybrid system will not only result in cost savings from reduced diesel consumption on the generators necessary for an off-the-grid facility, but will decrease pollution as well. 

“Furthermore, SADAFCO will utilise the most eco-efficient solar technology as it generates 226KW of power from the sun and combines it with output of existing diesel generators,” added Matthijs. “While the solar project currently only affects SADAFCO’s Riyadh RDC, it will provide the company with a framework and key insights on the possibilities of a wider implementation across some of its other locations, where relevant.”

Speaking about the recent financial results, Wout announced that SADAFCO realized a SAR 47 million (41.8 percent) increase in net profit during the six-month period ending on 30 September 2016, compared to the same period last year, reaching SAR 159 Million.”

Based in Jeddah, SADAFCO operates sales and distribution depots in 24 locations across the Kingdom of Saudi Arabia, Qatar, Bahrain, Jordan and Kuwait. Saudia products are also exported to several countries in the MENA region. 

The company’s product portfolio comprises of a wide range of items across several categories that include: Milk, Laban, Tomato Paste, Ketchup, Snacks, Ice Cream, Cheese, Instant Milk Powder, Cream, Fruit Nectars, Arabic Coffee, Soy Drink, Butter and French Fries.

Established in 1976, SADAFCO has risen to become a leading dairy and foodstuff manufacturer, importer, distributor and marketer in Saudi Arabia and has established a strong reputation and loyal following in the food and beverage industry across the GCC region.


Previous in Energy and Industry

Next in Energy and Industry


Home >> Energy and Industry Section

Latest Press Release

Saudi Arabia's Ministry of Communications and Information Technology and Huawei ...

Ashridge to help Saudi leaders explore and implement strategies for growth

ORANGE & BERGAMOT Awaken the Cult Icon New Additions

COLAB - Dry Shampoo

FOREO delivers the ultimate festival survival kit for a glow-on-the-go.

Abu Dhabi Ship Building Company Launches Two 64-Meter Landing Ships for the Kuwa ...

Samsung launches Exciting Smartphone Trade-In Program with Galaxy S9 or S9+

Skyline University College Economics Day 2018: One Step towards Tomorrow

Dubai-based Al Kasir Group launches three Crypto assets backed by diamonds

Timeless Ties

Therése Neaimé- Sold to perfection

Expo Centre Sharjah hosts delegation from the Riyadh International Convention an ...

Skyline Mega Fitness Challenge Sparked Positivity and Happiness

100% Vegan New… Body Yogurts 15 Seconds to Glowing Healthy-looking Skin Spoon It ...

IKEA announces latest INDUSTRIELL and HJÄRTELIG Collections

10th Riyadh Travel Fair Opens Today

‘Arab Women Forum' Kicks Off In Saudi Arabia

His Excellency Faisal Alfadl, Secretary General of the King Saud Foundation and ...

Leaves of Joy

Marni Eyewear Collection, Exclusively Available at Grand Optics