Netline’s plan, Solar Projects For The Zero-Carbon City: Saudi Arabia

Saudi Crown Prince Mohammed bin Salman has announced plans to establish the $500-billion NEOM zone as part of 2030 vision.

By 2060, Saudi Arabia the world’s largest crude oil exporter wants to reduce its greenhouse gas emissions to zero to diversify Saudi Arabia’s economy from oil.

According to the report, “the Zero-carbon city at NEOM, also known as “The Line”, would be 170 km long and could house a million people in “carbon-positive urban development powered by 100% renewable energy.”

Group director, Netline Group of Companies, Umair Zavary, stated that the energy required to power NEOM was around 20 GW.

Netline have partnered with various companies, which are contractors to NEOM for backend consulting, designing, and auditing the project from Pakistan, under an agreement that they have signed last month.

The company initially purchased a $3 million project for the design of NEOM’s electric system, stated Zavary.

According to the statement in report Netline is a family-owned company in the power and energy sector which has recently secured Series A financing at a valuation of $4.5 million.

Netline’s director stated that it would significantly support the expansion of a footprint in Saudi Arabian and UAE where an office is already established for global outreach to supply chain partners, in spite of not knowing the amount.

Next year in February Netline will be going to Riyadh for growth and to look for more partners, opportunities and other opportunities, said Zavary.

He expressed hope that Pakistani engineers, and experts, would also visit the Kingdom to install the next phase.

Netline has installed solar systems in over 400 locations throughout the country with a more than 10 MW capacity, mentioned the report.

Report concludes Netline will use its funding to expand and establish offices in other parts, increase manpower, set up charging points for electric cars, and begin solar panel manufacturing in Pakistan.

By Sumita Pawar