Elsewedy Electric announces that its energy transmission and distribution arm signs a $1.176 bn agreement to build a 300-MW solar power plant for Saudi Arabia’s Al Ghazala Energy, Invest-Gate reports.

The agreement includes design, procurement, and installment works for the project.

The project is set to be delivered on the turnkey method. Works are planned to be completed within 5.16 months.

The agreement provides for 29 months of operation and maintenance.