Monday 30 May 2016
 
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Saudi Electricity

Saudi Electricity starts operations at Jeddah plant

State-controlled Saudi Electricity Company (SEC) has started up part of its new 2,640 megawatt (MW) Jeddah South power plant and linked it to the grid, the company said on Tuesday. The project will help meet growing electricity de

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Saudi Electricity starts operations at Jeddah plant

State-controlled Saudi Electricity Company (SEC) has started up part of its new 2,640 megawatt (MW) Jeddah South power plant and linked it to the grid, the company said on Tuesday. The project will help meet growing electricity de

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Saudi Electricity signs $900m loan for power plant

Saudi Electricity Co (SEC) signed a $900 million loan agreement with the Export-Import Bank of Korea (Kexim) and other international lenders to help finance Shuqaiq power plant's construction, the utility said on Sunday. The f

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Saudi Arabia reviewing SEC break-up plan

Saudi Arabia is reviewing its plan to break up Saudi Electricity Company (SEC) into four parts as part of a drive to further privatise the utility, according to sources aware of the matter. The review, being conducted by consultan

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Saudi Electricity's Q1 net loss narrows

State-run Saudi Electricity Company (SEC), the Gulf's largest utility firm, reported a narrowing first-quarter net loss on Thursday as higher tariffs boosted its operating income. The company, which the government aims to spli

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Saudi Electricity refinances $1bn loan for gas plant

State-run utility Saudi Electricity Company (SEC) and its partners in a gas-fired power plant in Saudi Arabia have refinanced a $1.14 billion loan for the project, an executive and sources told Reuters. The deal replaces financing

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Saudi Electricity refinances $1bn loan for gas plant

State-run utility Saudi Electricity Company (SEC) and its partners in a gas-fired power plant in Saudi Arabia have refinanced a $1.14 billion loan for the project, an executive and sources told Reuters. The deal replaces financing

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Saudi Electricity to be split up by year-end

State-controlled Saudi Electricity Company (SEC) is to be split into several firms this year to increase efficiency, a senior official told Al Arabiya television on Thursday. "By the end of 2016, we will see the creation of t

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Saudi Electricity to be split up by year-end

State-controlled Saudi Electricity Company (SEC) is to be split into several firms this year to increase efficiency, a senior official told Al Arabiya television on Thursday. "By the end of 2016, we will see the creation of t

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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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