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.
Saudi Arabia will save 200 million barrels a year of liquid fuel by switching its power stations to more efficient combined cycle turbines, the head of Saudi Electricity Co (SEC) said on Tuesday in a speech reported by state media.
Saudi Electricity Company said on Sunday it raised 4.5 billion riyals ($1.2 billion) from the sale of an Islamic bond.
The sukuk was priced at 70 basis points over the 3-month Saudi interbank offered rate (Saibor), the Gulf's
Saudi Electricity Company (SEC) has completed a 4.5 billion riyal ($1.2 billion), 10-year floating-rate sukuk offer, pricing the deal at 70 basis points over the Saudi Interbank Offered Rate.
The state-owned firm said late last ye
Saudi Electricity Company (SEC) said on Thursday it had chosen two banks to arrange roadshows ahead of a riyal-denominated Islamic bond issue.
The kingdom's monopoly utility said it would offer the sukuk to investors between J
Saudi Electricity Company (SEC) has invited companies to build, own and operate Saudi Arabia's first fossil-fuel fired power plant to use solar energy to cut carbon emissions, the state utility said on Monday.
Saudi Electricity Co (SEC) has signed a $366 million loan agreement with the Japan Bank for International Cooperation (JBIC) and two Japanese banks to help finance the construction of a 2,650 megawatt (MW) power plant in Jeddah.
Alstom, a provider of advanced electrical grid solutions, has won a total of nine contracts worth around 130 million euros ($176.5 million) in Saudi Arabia.
The contracts awarded by Saudi Electricity Company (SEC), Saudi Arabia&rs
General Electric has won a contract worth around 2.1 billion riyals ($560 million) to supply Saudi Electricity Co (SEC) with gas and steam turbines for two new power plants in Riyadh, sources familiar with the deal said.