Mitsubishi Power Underscores Commitment to Saudi Arabia Domestic Value Creation and Decarbonization Goals at Saudi Aramco’s iktva Forum 2023

 Mitsubishi Power has completed a new local Blade and Vane service center for gas turbines at its Dammam facility, which will result in time and cost efficiencies for its customers in Saudi Arabia and the region.

Dhahran, Saudi Arabia - January 30, 2023 – Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), is demonstrating its commitment to supporting the Kingdom of Saudi Arabia’s clean energy infrastructure and boosting national talent within the energy sector, at this year’s 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 and key industry leaders, titled “Carbon Capture & Energy Storage” on February 1st in the Sustainability Pavilion.

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.

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,” said Adel Al-Juraid, Chief Executive Officer, Mitsubishi Power Saudi Arabia.

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.

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," Al-Juraid added.

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.

Mitsubishi Power is located at MP04 in the Manufacturing Zone at this year’s edition of iktva forum 2023. For further information about the company and its portfolio, please visit:

https://power.mhi.com/regions/mena/

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About Mitsubishi Heavy Industries Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense.
MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world.
For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.

About Mitsubishi Power

Mitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI). Across more than 30 countries worldwide, Mitsubishi Power designs, manufactures and maintains equipment and systems that drive decarbonization and ensure delivery of reliable power around the world. Among its solutions are a wide range of gas turbines including hydrogen-fueled gas turbines, solid-oxide fuel cells (SOFCs), and air quality control system (AQCS). Committed to providing exemplary service and working with customers to imagine the future of energy, Mitsubishi Power is also spearheading the development of the digital power plant through its suite of AI-enabled TOMONI_® solutions.

For more information, please visit https://power.mhi.com.