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Saudi Electricity signs $2.15bn credit facility

Saudi Electricity Company (SEC) yesterday (November 29) signed a revolving credit facility agreement with eight international banks for a maximum of $2.15 billion (equivalent to SR8.06 billion).   The facility is

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Saudi Electricity signs $2.15bn credit facility

Saudi Electricity Company (SEC) yesterday (November 29) signed a revolving credit facility agreement with eight international banks for a maximum of $2.15 billion (equivalent to SR8.06 billion).   The facility is

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Musk to resign as Tesla chairman in deal with SEC

Tesla CEO Elon Musk resigned yesterday as the chairman of the company after the US Securities and Exchange Commission slapped him with a hefty fine of $20 million over his aborted bid to take the company private.  

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SEC links 7 new transformers to main power grid

The Saudi Electricity Company (SEC) has started up seven power transformer stations in the northern area with a total value of SR2.1 billion ($560 million) and capacity of 3613 MVA to connect the north with the main power grid. Th

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SEC links 7 new transformers to main power grid

The Saudi Electricity Company (SEC) has started up seven power transformer stations in the northern area with a total value of SR2.1 billion ($560 million) and capacity of 3613 MVA to connect the north with the main power grid. Th

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SEC, GE stress on long-standing partnership

Saudi Electricity Company (SEC) and GE, in a statement, have stressed on the importance of their long-standing partnership for both the companies.   For almost 40 years, SEC and GE have partnered to advance the k

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SEC starts Al Julla power station

Saudi Electricity Company (SEC) has started operating the 33/132/380 kV Al Julla power station, built at a cost of  SR590 million ($157.34 million).    The plant will serve a number of cities and villag

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SEC starts Al Julla power station

Saudi Electricity Company (SEC) has started operating the 33/132/380 kV Al Julla power station, built at a cost of  SR590 million ($157.34 million).    The plant will serve a number of cities and villag

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Kingdom seals Saudi Electricity Company agreement

Kingdom Holding Company (KHC) has signed an electrical power agreement worth SR180 million ($48 million) with Saudi Electric Company (SEC), on behalf of the JEC partners (which includes Kingdom Holding Company). The agreement was

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Kingdom seals Saudi Electricity Company agreement

Kingdom Holding Company (KHC) has signed an electrical power agreement worth SR180 million ($48 million) with Saudi Electric Company (SEC), on behalf of the JEC partners (which includes Kingdom Holding Company). The agreement was

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