Friday 26 December 2014
 
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Saudi Electricity

Saudi Electricity Q3 net profit drops 6.5pc

Saudi Electricity Co (SEC), the Gulf's largest utility firm, posted net profit of SR2.67 billion ($711 million) during the third quarter (Q3) of the year, compared to SR2.85 billion ($759 million) during the same period of 2013, marking a de

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SEC awards SAP contracts to Wipro Arabia

Saudi Electricity Company (SEC), the largest power utility company in the Middle East, has awarded two major SAP ERP application contracts to  Wipro Arabia, in a strategic partnership with the subsidiary of India-based IT leader Wipro.

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Siemens wins key SEC deals

German technology giant Siemens has inked two contracts with Saudi Electricity Company for the construction of static var compensators (SVCs) at several substations in Saudi Arabia. Siemens, a global powerhouse which innovates the

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Siemens wins key SEC deals

German technology giant Siemens has inked two contracts with Saudi Electricity Company for the construction of static var compensators (SVCs) at several substations in Saudi Arabia. Siemens, a global powerhouse which innovates the

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Saudi Electricity plans massive power boost for Riyadh

State-run utility Saudi Electricity Company (SEC) plans to bring online more than 4,750 megawatts (MW) of natural gas-fired generating capacity in Riyadh between 2015 and 2017, the company said on Sunday. One power plant there, kn

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Saudi Electricity Q2 profit jumps 144pc

Saudi Electricity Co (SEC) , the Gulf's largest utility firm, reported a 144 percent jump in its net profit for the second quarter on Monday, beating analysts' forecasts because of a one-time gain. It made 3.66 billion riy

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SEC wins $13.2bn interest-free govt loan

State-owned power utility Saudi Electricity Company (SEC) has agreed terms and signed an interest-free loan of 49.4 billion riyals ($13.17 billion) with the kingdom's Ministry of Finance, the company said in a statement on Thursday.

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SEC wins $13.2bn interest-free govt loan

State-owned power utility Saudi Electricity Company (SEC) has agreed terms and signed an interest-free loan of 49.4 billion riyals ($13.17 billion) with the kingdom's Ministry of Finance, the company said in a statement on Thursday.

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Saudi Electricity Q1 net loss widens 39pc

Saudi Electricity Co (SEC) reported a significant widening of its net loss for the first quarter on Sunday, as the utility saw costs increase and the value of some of its fixed assets decline. It lost 913 million riyals ($243.4 mi

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Saudi Electricity gets $13bn govt loan

State-owned power utility Saudi Electricity Co has been granted an interest-free loan of 49.4 billion riyals ($13.2 billion) from the government to help fund its power generation projects, the company said on Thursday. The company

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