Mitsubishi Power Commits to Saudi Arabia's Decarbonisation Goals
Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries (MHI), is demonstrating its commitment to supporting Saudi Arabia’s clean energy infrastructure and boosting national talent within the energy sector, at Saudi Aramco In-Kingdom Total Value Add (iktva) Forum.
Participating as a Platinum Sponsor, Mitsubishi Power is showcasing the company's advanced energy transition technology solutions and processes as well as its progress in localizing the energy value chain.
The company’s participation features a senior international delegation headed by Kentaro Hosomi, Executive VP, Chief Regional Officer, Europe, Middle East & Africa, Mitsubishi Heavy Industries, who will be speaking on a high-level executive panel along with Saudi Aramco representatives.
Regional executives will also be in attendance and Mitsubishi Power Saudi Arabia’s team, which features a growing number of talented Saudis in leadership positions, including the recently appointed CEO Adel Al-Juraid.
This comes as part of the Mitsubishi Power National Program launched by the company in 2019 to prioritize the development of local talent and expand industrial facilities and capabilities in Dammam to serve Saudi Arabia and the region.
As a result of deploying several training and development programs structured as a blend of classroom and on-the-job training, both in Saudi Arabia and in Japan, the company has successfully achieved a 54% Saudization rate to date.
In line with its ongoing localization plans, Mitsubishi Power completed a new local Blade and Vane service center, which is managed by Saudi nationals, and will result in time and cost efficiencies for Saudi Aramco and other customers.
Adel Al-Juraid, CEO, Mitsubishi Power Saudi Arabia said: “We are proud to continue our participation in the iktva event, and overall program, where we are partnering closely with Saudi Aramco to drive domestic value creation and support the Kingdom’s economic transformation, towards enabling the sustainable progress of the Kingdom.
"With a proven track record in decarbonization and energy transition solutions, Mitsubishi Power is committed to collaborate with our partners in the Kingdom to empower the country’s sustainable progress.
"As a Saudi national, I am especially honored to support this ambition with Mitsubishi Power’s industry-leading energy technology solutions, grounded in our strong localization drive that leverages a century of global engineering innovation."
With a rich heritage in Saudi Arabia spanning over fifty years, Mitsubishi Power works with key energy stakeholders including the Ministry of Energy, Saudi Aramco, the Saudi Electricity Company (SEC), and the Saline Water Conversion Corporation (SWCC).
The company began operations in Saudi Arabia with its first supply of boilers to Aramco in Abqaiq and has since been active in power projects with major utilities and industrial companies in the Kingdom.
Al-Juraid added: “We are committed to bringing our most advanced clean technology solutions and services to Saudi Arabia, to support our customers meet their power needs while achieving an optimal transition towards a decarbonized future with a resilient, reliable, and robust energy supply.
"In line with Saudi Arabia’s Vision 2030, we will also continue to support Saudi Aramco's sustainability goals, through our increased localization, and nurturing a growing number of Saudi talent, empowering with them with technical skills and promoting them into leadership positions."
At iktva, the company will be showcasing its pioneering breakthrough power generation and decarbonization technologies to the MENA region and globally.
From advanced class hydrogen-fueled gas turbines to autonomous power plants, Mitsubishi Power is continuing to harness the capabilities of the wider MHI group of companies to provide a comprehensive portfolio of energy transition solutions for cleaner, more efficient, and affordable energy.
Alongside supporting its customers realize their carbon neutral goals, MHI has announced its vision to achieve carbon neutrality by 2040 across its operations.