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Saudi Arabia Signs 3 Agreements with Japanese Companies

Saudi Arabia Signs 3 Agreements with Japanese Companies

Tuesday, 16 January, 2018 - 08:00
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Saudi Electricity Company (SEC) signed on Monday three cooperation agreements with Japanese companies to implement "Electric Motor Pilot Project in the Kingdom" aiming to evaluate and develop this trend and reduce the percentage of pollution associated with similar vehicles operating with internal combustion engines.

During the signing ceremony with officials of Tokyo Electricity Holding Company, Nissan Auto Company and Takawaka Toco Energy Solutions, deputy CEO of SEC for engineering and projects, Khalid al-Rashid said the project is an important step to transfer modern technologies in using electric energy, in general, and electric car technology, in particular, said Saudi Press Agency (SPA).

Rashid explained the deal covers the development of a quick electric charger for cars that can be charged within half an hour. Nissan Auto Company will furnish three electric cars to SEC, while Takawaka Toco Energy Solutions will provide the company with three quick electric auto chargers, he told the reporters.

The CEO acknowledged that there is a growing trend for the use of this type of cars and global companies are exerting great efforts to use them instead of traditional cars, adding that the upcoming period will witness more efforts to assess the utilization of such promising experiences, added SPA.

The deal also includes a study prepared by SEC and the three Japanese companies on how to operate electric cars in the Kingdom, the suitability and requirements of operation, and the expansion of the project in a manner that will achieve the objectives and future plans of all parties, indicated Rashid.

Saudi Electricity Company has signed over the past few years a number of deals and memos of understanding with key Japanese companies to build strategic relations with global manufacturers to transfer and localize new technologies in the area of electric energy, professional training programs and transfer of expertise, and scientific and technical conferences.

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