Wednesday 24 August 2016
 
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Saudi Electricity Company

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

More…

Saudi Electric seals $3bn Korea loan deal

Saudi Electricity Company said on Monday it had signed an agreement with the Export-Import Bank of Korea for up to $3 billion of loans over the next three years. The amount could be lent over several loans, the Gulf's largest

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Saudi Electric seals $3bn Korea loan deal

Saudi Electricity Company said on Monday it had signed an agreement with the Export-Import Bank of Korea for up to $3 billion of loans over the next three years. The amount could be lent over several loans, the Gulf's largest

More…

Saudi Electric seals $3bn Korea loan deal

Saudi Electricity Company said on Monday it had signed an agreement with the Export-Import Bank of Korea for up to $3 billion of loans over the next three years. The amount could be lent over several loans, the Gulf's largest

More…

Saudi private sector eyed for $186bn power spend

Saudi Arabia’s private sector is expected to contribute a large percentage of the SR700-billion ($186.5 billion) investment needed in the next 10 years by the kingdom’s electricity sector, said a top official. The coun

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Saudi private sector eyed for $186bn power spend

Saudi Arabia’s private sector is expected to contribute a large percentage of the SR700-billion ($186.5 billion) investment needed in the next 10 years by the kingdom’s electricity sector, said a top official. The coun

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Saudi Electricity Company Q1 loss hits new high

Saudi Electricity Company (SEC), the Gulf's largest utility firm, reported its net loss for the first quarter more than doubled on Tuesday. It lost 1.94 billion riyals ($517.4 million) during the three months to March 31, comp

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Saudi Electricity signs $267m deal for gas/solar plant

State-owned utility Saudi Electricity Company (SEC), has signed a contract worth SR1 billion ($267 million) to buy generators for the kingdom's first fossil fuel-fired power plant that will also produce solar energy. The 550-m

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Saudi Electricity signs $267m deal for gas/solar plant

State-owned utility Saudi Electricity Company (SEC), has signed a contract worth SR1 billion ($267 million) to buy generators for the kingdom's first fossil fuel-fired power plant that will also produce solar energy. The 550-m

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