Saudi Electricity Q3 results hit
Saudi Electricity Co (SEC) reported a 6 per cent decline in its net profit in the third quarter due to higher costs of purchased energy and increased depreciation expenses.
Power Generation
SEC signs US$1.4 billion Riyadh plant power deal
SEC is working on am ambitious US$80 billion investment programme to increase its power generation capacity by 30,000 MW by 2018. - Image : Arabian Bemco Contracting Co Ltd
Saudi Electricity Company (SEC) and an unnamed Saudi company have signed a US$1.44 billion contract to develop 1,200 MW of power generation capacity at a plant in Riyadh.
Power investments estimated at more than US$54 billion
The investments account for nearly 46 per cent of the total capital required for electricity development projects in the Middle East and North Africa (MENA), said the report by Apicorp - Image : bfg-global.com
Gulf oil producers are expected to pump more than US$58 billion into projects over the next five years to expand their power generation capacity to meet growing domestic demand, according to an official Arab report.
SEC launches Saudi?s first solar-powered power station
Saudi Electricity Company (SEC) launched Saudi Arabia?s first solar-powered electricity-generating power station.
DEWA extends final date for Hassyan-1 IPP bids
Saeed Mohammed Al Tayer, MD & CEO of DEWA, said:
Dubai Electricity and Water Authority (DEWA) has decided to extend the final date of receiving bids for the Independent Power Project of Hassyan-1 till 12th December, 2011.
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