Abu Dhabi-based Ruya Partners (Ruya) announced today that it completed a $20m investment into Energia MGCC (Energia), a leading temporary power solutions provider in Saudi Arabia.
Headquartered in Jubail, Energia has a nationwide presence with offices across all major cities, a high-quality fleet, and deep engineering capabilities. The Company has been a leading player in the Saudi TPS sector over the past decade and plays an integral role in providing turn-key power solutions to the Kingdom’s rapidly growing economy and its evolving power needs. Some of Energia’s most recent projects include the Saudi Electric Company National Grid Support Project, Saudi Aramco HUGRS Gas Refinery Critical Power Project, Riyadh Metro Project, Dammam Airport Emergency Power, and significant events such as Formula 1 and Riyadh Season.
Ruya’s investment will further strengthen Energia and enable it to acquire new assets, refinance its near-term maturities, and focus on its growth initiatives, including sustainable and green energy solutions.
Energia will also play an active role in supporting Saudi Vision 2030 on renewable energy as they embark on a journey to provide green energy solutions in solar hybrid, hydrogen fuel cells, and natural gas.