logo
ACME Cleantech orders solar trackers for Duqm green ammonia project

ACME Cleantech orders solar trackers for Duqm green ammonia project

Zawya2 days ago

India-headquartered ACME Cleantech Solutions has signed a contract with China's Arctech for 175 MWp (Megawatt peak) of solar trackers for the solar component of its 300 MTPD (Metric Tonnes Per Day) Green Ammonia Project in Duqm, Oman.
The trackers will be delivered in phases starting from July 2025, Arctech said in a press statement, adding that it will deploy its 1P single axis solar tracking system Skyline II, engineered for harsh environments, for the project.
According to the statement, the green ammonia project is located near the southeastern coast of Oman, characterised by coastal desert conditions including sandy soils, high wind speeds (up to 55 m/s), C5-level corrosion exposure, extreme temperatures and high levels of solar radiation, with an annual average of around 5,764 KWh/m2. The area's high solar insolation has made it a prime location for utility-scale solar projects.
In June 2023, ACME announced that it secured a 40 billion Indian rupees loan from REC, one of the India's largest green infrastructure financial institutions, for its green hydrogen and green ammonia project in Oman.
The company had said in a press statement that the first phase of the facility is expected to produce 100,000 tonnes of green ammonia annually and will be expanded to 1.2 million tonnes per annum with about 3.5 gigawatts (GW) of electrolyser capacity, which will be powered by 5.5 GWp solar PV plant.
(Writing by Deva Palanisamy; Editing by Anoop Menon)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cigna Healthcare Middle East secures Category "A" health insurance license in Oman
Cigna Healthcare Middle East secures Category "A" health insurance license in Oman

Zawya

time6 hours ago

  • Zawya

Cigna Healthcare Middle East secures Category "A" health insurance license in Oman

Oman – Cigna Healthcare Middle East, a global health service company, has achieved a significant regulatory milestone in Oman, securing a Category 'A' health insurance license from the Financial Services Authority (FSA). The license authorizes Cigna Healthcare to underwrite, manage and issue health insurance under the Sultanate's newly established 'Health Insurance ' framework. As the first international health insurer, and one of only a select few providers in the market, to be granted the coveted Category "A" health insurance license, the distinction places the business among the market's most trusted insurers, recognized by the FSA for meeting stringent regulatory, operational and service excellence standards. It also affirms Cigna Healthcare's strategic role in helping shape a more inclusive, high quality and trusted health insurance landscape in Oman. 'Being granted the Category 'A' license is more than a regulatory milestone – it's a powerful endorsement of our commitment to Oman, and our ability to deliver lasting value in Oman's transforming healthcare landscape,' said Raed Labaki, General Manager of Cigna Healthcare, Middle East (excluding UAE and KSA). ' As Oman accelerated healthcare reform to improve market stability and access to quality care, Cigna is proud to be part of this progress. Backed by global experience and deep local insights, we're ready to support the Sultanate's vision for a more sustainable, trusted and accessible healthcare system that meets the needs of individuals, businesses and the broader economy.' This milestone builds on Cigna Healthcare's deep-rooted presence in Oman, which began in 2017 with the acquisition of Zurich's regional health insurance portfolio. Since then, Cigna Healthcare has established a fully licensed branch in Muscat, built a strong local team, and introduced tailored health plans such as Cigna Choice to meet the specific needs of the Omani market. Through partnerships with trusted local players like MedNet and the rollout of digital tools, Cigna delivers fully compliant, end-to-end health and well-being solutions for multinational, regional, and local employers. Abdullah Amir Al Hatmi, Country Manager of Cigna Healthcare Middle East (Oman Branch) commented: 'We thank the Financial Services Authority for granting us this license. This achievement reinforces our commitment to contribute to a sustainable, trusted, and inclusive health system that meets the evolving needs of individuals, businesses, and the broader economy. We are ready to deliver Cigna's leading health insurance solutions and support national platforms like eDhamani to foster greater integration, transparency, and faster service delivery across insurers, providers and TPAs in the healthcare ecosystem.' As Oman's healthcare landscape evolves – with initiatives like the eDhamani digital health platform and the anticipated implementation of mandatory health coverage – Cigna remains committed to investing in Oman's healthcare future, and contributing to Oman's economic goals. About Cigna Healthcare Cigna Healthcare is a global health service company dedicated to helping people improve their health and vitality. With a heritage of over 250 years, Cigna Healthcare is committed to its promise of being together all the way in providing health care, clinical management, and wellness programs to employers, individuals, and governments around the world. Operating for more than 19 years in the Middle East region, Cigna Healthcare serves the GCC markets and Lebanon through its locally regulated entities. The company delivers both health and wellness services to individuals, employers, and government entities in the region. With a deep-rooted understanding of the African market, a regional presence in Kenya and a dedicated claims team servicing over 250,000 members, Cigna Healthcare provides extensive coverage across the continent, ensuring access to health care solutions for local companies and multi-national corporations alike. [The coverage spans several countries, including but not limited to Morocco, Kenya, Uganda, Mauritius, Tanzania, Nigeria, Ghana, Mozambique, Democratic Republic of the Congo (DRC) and Zambia] Cigna Healthcare maintains a global sales capability in 30 countries and jurisdictions, employing over 72,000 people who service more than 164 million customer relationships. To learn more about Cigna Healthcare, visit

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store