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.
Saudi Electricity Q3 results hit
Energy
UAE and UK to explore partnerships in the energy sector
Dubai?s Supreme Council of Energy (SCE)?will hold meetings with the UK Ministry of Energy to discuss partnerships between both countries in the energy field.
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.
Saudi plans to meet increased energy demand
Saudi Arabias industrial clusters programme in solar energy products is introducing the polysilicon and photovoltaic technologies - Azzam Shalabi, president, National Industrial Clusters Development Programme.
Saudi Aramco has forecast that the kingdoms daily energy demand will reach an equivalent of 8.3mn barrels by 2028, more than double the 3.4mn barrels equivalent in 2009.
Algeria dedicates US$20.5 billion for renewable energy
Algeria will invest nearly US$20.5 billion over the next 20 years to boost electricity production from renewable energy sources - Nordine Bouterfa, head of Sonelgaz.
"Algeria will invest nearly US$20.5 billion over the next 20 years to boost electricity production from renewable energy sources," Nordine Bouterfa, the head of Sonelgaz group said.
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