SEC plans 17 new energy projects in Saudi
Riyadh, April 16, 2014
Saudi Electricity Company is set to implement 17 new projects worth SR7.2 billion ($1.9 billion) as part of its efforts to meet the growing demand for energy, said a report.
They include new transformer stations in Waed Al-Shamal, Gurayat, Tabarjal, Al-Jouf and Arar at a cost of SR2.3 billion, said the Arab News report.
The company’s board has also approved a 380KV transport line from Tabarjal to Al-Jouf and another line from Al-Jouf to Arar, with both the projects costing SR725.3 million, it said.
Another 380KV line will be established between Tabuk and Tabarjal costing SR630.95 million, said the report.
Other electricity projects have been planned for Al-Oqair, Jawatha, Abqaiq, Madhaya, Al-Khafji, Taif, Madinah, and Riyadh, it said.
The new projects will be financed by the company’s own funds, government loans and commercial loans, it added.