Sunday 31 July 2016
 
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Utility

Saudi Electricity Company Q2 profit plunges 28pc

Saudi Electricity Company (SEC), the largest utility firm in the Gulf region, has reported a 27.7 per cent decline in the second-quarter net profit over the same period last year. The company, which the government is aiming to res

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Saudi Electricity Company Q2 profit plunges 28pc

Saudi Electricity Company (SEC), the largest utility firm in the Gulf region, has reported a 27.7 per cent decline in the second-quarter net profit over the same period last year. The company, which the government is aiming to res

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Shaikh Mohammed named Bahrain's new oil minister

Bahrain's King Hamad bin Isa Al Khalifa has replaced the oil minister in a minor cabinet reshuffle on Friday that affected two cabinet portfolios, state news agency BNA reported. Shaikh Mohammed, a member of the ruling family,

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Abu Dhabi utility invites bids for 350MW solar project

Abu Dhabi Water and Electricity Authority (Adwea) has invited bids from construction companies to build a 350-megawatt (MW) solar plant in the emirate, state news agency WAM said on Monday. The plant would be the Abu Dhabi power u

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Abu Dhabi utility invites bids for 350MW solar project

Abu Dhabi Water and Electricity Authority (Adwea) has invited bids from construction companies to build a 350-megawatt (MW) solar plant in the emirate, state news agency WAM said on Monday. The plant would be the Abu Dhabi power u

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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 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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DSCE joins forces with Dubai Land Department

The Dubai Supreme Council of Energy (DSCE) has signed a memorandum of understanding (MoU) with Dubai Land Department for the exchange of knowledge and to create awareness among the community on energy and water conservation. This

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