Friday 12 February 2016
 
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Saudi Electricity

Saudi Electricity orders 6 more GE gas turbines

Saudi Electricity Company (SEC) has ordered six more of GE’s trailer-mounted, fast-starting TM2500+ mobile aeroderivative gas turbine packages for existing power plant locations in Jizan and Tabuk. With ‘black-start&rs

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Saudi Electricity orders 6 more GE gas turbines

Saudi Electricity Company (SEC) has ordered six more of GE’s trailer-mounted, fast-starting TM2500+ mobile aeroderivative gas turbine packages for existing power plant locations in Jizan and Tabuk. With ‘black-start&rs

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Saudi Electricity Q4 loss narrows to $386m

Saudi Electricity Company (SEC), the Gulf's largest utility firm, reported a narrowing fourth-quarter net loss on Monday. The company made a loss of SR1.45 billion ($386.7 million) in the three months to December 31, compared

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Saudi Electricity signs $1.4bn loan with 7 banks

Saudi Electricity Co (SEC), the Gulf's largest utility firm, said on Wednesday it had signed an agreement for a $1.4 billion loan with seven international banks to be used as a back-up credit facility. The facility has a lifes

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SEC sees little bottom line impact from price hike

Saudi Electricity Co (SEC) expects the effects of fuel and electricity price hikes announced in the 2016 government budget to roughly balance out, with little overall impact on its bottom line, the company said in a bourse statement on Tuesday.

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Saudi Electricity inks $667m Islamic finance deal

Saudi Electricity said on Wednesday it had signed the riyal-denominated tranche of a murabaha credit facility worth up to 2.5 billion riyals ($666.8 million). It said in the bourse statement the other tranche would be denominated

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ABB wins $150m Saudi order for substations

Grid components supplier ABB said it booked a $150-million order in Saudi Arabia to expand five substations that will help accommodate expanded electricity generation capacity. ABB said the order from the Saudi Electricity Company

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ABB wins $150m Saudi order for substations

Grid components supplier ABB said it booked a $150-million order in Saudi Arabia to expand five substations that will help accommodate expanded electricity generation capacity. ABB said the order from the Saudi Electricity Company

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ABB wins $150m Saudi order for substations

Grid components supplier ABB said it booked a $150-million order in Saudi Arabia to expand five substations that will help accommodate expanded electricity generation capacity. ABB said the order from the Saudi Electricity Company

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CG wins Saudi Electricity supply deal

Crompton Greaves (CG), a unit of India-based Avantha Group Company, has been awarded a major contract by Saudi Electricity Company (SEC) to supply its ZIV substation automation equipment for the kingdom's ongoing power projects.

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