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Power Generation

Production capacity at the switchgear plant of Voltamp Energy has been significantly enhanced with the addition of a new manufacturing bay and offices adjacent to its already existing building at Rusayl at a cost of US$1.2mn

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.

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.

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