Tag Archives : Electriciteit

KSA electric power investment seen at SAR300 bn by 2020

JEDDAH – Saudi Arabia plans to invest more than SR300 billion in electric power sector by the end of 2020, with the aim of increasing production capacity, development of transport networks and stations, and all associated systems, Sawary Energy Vice President Sami Akeel said in a press statement Monday. Noting the great challenges faced by […]

SEC implementing SAR100bn projects

Saudi Electricity Company ( SEC ) is currently implementing huge electric projects at a total cost of more than SR100 billion, said its CEO Ali Al-Barrak. “They will be implemented in many phases, and they will be completed within 3 years,” he said. “We want to address and meet the increasing demand on power, in view of the […]

Middle East’s solar energy plans entail huge financing

JEDDAH – Saudi Arabia and the United Arab Emirates are seeking to add 1,000 megawatts of solar capacity enough to electrify 200,000 homes. However, the renewable energy drive of setting up solar-power plants will need more than $1.5 billion in financing by the end of 2014. The forecast expansion, which includes Jordan, will require loans […]

70 centers planned to assess Kingdom’s renewable sources

King Abdullah City for Atomic and Renewable Energy (KACARE) recently embarked on the establishment of 70 stations and centers aimed to determine renewable energy sources in all parts of the Kingdom, local media said. The centers will assess all renewable sources, including solar, wind, waste-conversion, and geothermal energies and collect ground readings from different parts […]

Kingdom to invest $133b in power, water projects

Energy consumption in Saudi Arabia is witnessing an unprecedented growth, prompting a wave of investments expected to reach $133 billion (SR502.5 billion) for various power generation and water projects in the next decade, organizers of an industry event in the capital said. Being the third largest water consuming country in the world with an average […]

Uninsulated buildings won’t be given power

The Ministry of Water and Electricity has decided to strictly enforce thermal insulation for all new buildings in the Western region beginning from the third quarter of 2013 as defaulters would not receive power. “Electricity connections will not be given to new buildings licensed after this date except after making sure they applied thermal insulation,” […]

Kuwait may face power shortage risk next year

KUWAIT: Kuwait faces the risk of being unable to meet its energy requirements during the summer of 2014 and 2015 if a planned mega power plant project was to be delayed, a senior Ministry of Electricity and Water official said in a recent press statement. Undersecretary Assistant for Planning and Training Dr. Meshan Al-Otaibi indicated […]

SEC awards SR987m contracts

The Saudi Electricity Company (SEC) has signed three contracts worth a total of SR986.7 million to strengthen the power grid in Makkah, Jeddah and Madinah in the western region. Eng. Ali Al-Barak, CEO of the company, said that the contracts, which include setting up of transmission lines and underground cables, were awarded to Saudi companies. […]

Saudi sets out roadmap for major renewable energy programme

Saudi Arabia has published a roadmap for its renewable energy programme, aimed at reducing the amount of oil it burns in power stations, and targets issuing final bids for the first plants within three months. The world’s top oil exporter aims to install 23.9 gigawatts (GW) of renewable power capacity by 2020 and 54.1 GW […]