Sunday 1 May 2016
 
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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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ABB to supply equipment for SEC network upgrade

ABB, a global leader in power and automation technology, will supply Saudi Electricity Company (SEC), the kingdom’s national power transmission and distribution operator, with medium-voltage surge protection outdoor equipment including fus

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Acwa Power keen to buy Saudi Electricity assets

Riyadh-based Acwa Power is keen to buy assets from Saudi Electricity Company (SEC) if the state-controlled utility be broken up as planned, a senior executive said. Saudi Arabia's utility regulator said last month that SEC wou

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GE, SEC opens monitoring, diagnostic centre in Saudi

GE and Saudi Electricity Company has inaugurated the first dedicated monitoring and diagnostics centre, named 'Saudi PowerGen Efficiency Center' for gas and steam turbines operated by Saudi Electricity Company (SEC) across its power pl

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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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Clifford Chance advises on $2bn funding for SEC

International law firm Clifford Chance advised the lenders to Saudi Electricity Company (SEC) on syndicated facilities to add over $2 billion to SEC's revolving credit facilities, tapping domestic and international markets in two separate fa

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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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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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SEC sees little bottom line impact from price hike

Saudi Electricity Co (SEC) expects the effects of fuel and electricity price hikes announced in the 2016 government budget to roughly balance out, with little overall impact on its bottom line, the company said in a bourse statement on Tuesday.

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