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SEC says SR300bn investments needed for power generation
- Saudi Arabia: Monday, April 29 - 2013 at 02:07
The Saudi Electricity Co (SEC) has said the kingdom will need SR300bn in investments to help the company produce 30,000 MW at a cost of SR35bn annually to meet the kingdom's growing demand, Arab News has reported. Electricity consumption in Saudi Arabia has doubled over the past 15 years, reaching an unprecedented levels, which has consequently prompted the SEC, the state and other stakeholders to search for alternative sustainable energy resources, said the chief executive of SEC, Ali Al-Barrak.
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