Views: 0 Author: Site Editor Publish Time: 2024-07-11 Origin: Site
In the futuristic city of NEOM in Saudi Arabia, following the successful bid for the NEOM Green Hydrogen Project, the Overseas Market Department has secured another project, the OXAGON, with a total contract value of nearly 30 million yuan.
The futuristic city of "NEOM" in Saudi Arabia represents an unprecedented endeavor in the history of urban development, serving as a global quest for innovation, commerce, and sustainable living. NEOM, the city of the future, will exclusively utilize renewable energy sources such as solar power, wind energy, and green hydrogen. Its design is centered around a sustainable urban blueprint, aiming to significantly reduce environmental impact while enhancing livability. At present, countless commercial marvels are being nurtured here, and Pearl Electric is poised to leave an indelible mark on this human architectural wonder, comparable to the "Great Pyramid of Giza" in Egypt.
It is reported that this project is funded by ACWA Power, one of the largest energy companies in Saudi Arabia and a globally renowned developer, investor, and operator in the fields of power and renewable energy, seawater desalination, and green hydrogen. ACWA's largest current shareholder is the Saudi sovereign wealth fund, PIF. The company's assets are distributed across 13 countries worldwide, including the Middle East, Africa, and Central Asia, with a total power generation capacity exceeding 45,000 megawatts, a seawater desalination capacity of 6.8 million tons per day, and a green hydrogen production capacity under construction of 1.2 million tons per year. The company manages assets worth over 70 billion USD. Pearl Electric's products have demonstrated reliable performance in the NEOM Green Hydrogen Project, earning high praise from both ACWA and NEOM officials.
The newly awarded Oxagon project represents one of the most critical industrial hubs, with an estimated investment of 6.4 billion USD. The project management consultant (PMC) is the American architectural firm Parsons, and the chief design consultant is Jacobs from the United States. Situated on the Red Sea coast in the northwest of Saudi Arabia, Oxagon is envisioned by Neom as the first fully integrated port and supply chain ecosystem, uniquely designed to float on the vast expanse of the sea. Upon completion, it is set to become the world's largest port, strategically located along the Red Sea shipping route. Neom aims to develop Oxagon into an advanced and clean industrial ecosystem, propelling the transition towards Industry 4.0 and a circular economy.
As an advanced smart city, the Neom project imposes unique requirements on transformer products, referencing standards such as those from the International Electrotechnical Commission (IEC) and ITP certification. These standards differ from those of the Standardization Administration of China (SAC) in several aspects, including technical requirements, testing methods, numbering systems, data collection and sharing capabilities, company management/service levels, engineering safety assurance levels, and sustainability levels. The project demands that transformers be capable of operating safely and without damage while alternating between two working frequencies (60 Hz in Saudi Arabia and 50 Hz in China). They must also meet the needs for long-term maritime operation and adapt to the power demands of dock and port facilities, making the design exceptionally complex. Additionally, the project must respond to non-commercial or technical factors such as green development index evaluations and "human rights reviews." Therefore, it is no small feat for Pearl Electric to have won the favor of the "golden investor" twice.
In the initial stages of the project's advancement, the Overseas Market Department of the company calmly analyzed the situation and responded with composure. After a relentless effort spanning a year and a half, they distinguished themselves from numerous suppliers through timely and meticulous follow-up, as well as professional and reliable service. This earned them the trust of the client and secured their position as the designated supplier for the transformer category of the general contractor.
Pearl Electric's successful acquisition of the project not only showcases the company's formidable strength in the field of power equipment manufacturing but also lays a solid foundation for its significant strides into the high-end markets of the Middle East and beyond. Pearl Electric will seize the opportunities of the times, actively respond to the national strategy of jointly building the "Belt and Road" initiative with Saudi Arabia, and is committed to providing superior power products. The company is progressively realizing its grand objectives of "high-quality development and green development."
