00:00All right. Well, Watzeler prides itself on fitting into Saudi Arabia's Vision 2030.
00:04Can you explain how you see yourself fitting into that vision?
00:07So we see Saudi taking a progressive stance on the future development, of course, of the country,
00:17but also the role that Saudi wants to play in the global economy.
00:21And there is so much transformation going on in Saudi.
00:24From our side, we note the marine aspirations, and we also note the aspirations to have 50 percent of electricity actually generated by renewals by 2030.
00:39Now, renewables are great, but you need balancing power, thermal balancing power,
00:45to make sure that the systems stay stable when you have such a big amount of renewables,
00:51because the renewables, they can vary a bit over time depending on daylight, depending on weather.
00:56And then you really need the balancing power fueled by gas primarily to make sure the systems stay stable.
