Arab Today, arab today saudi electric company signs sr464m contracts
Last Updated : GMT 06:51:35
Arab Today, arab today
Arab Today, arab today

Saudi electric company signs SR464m contracts

Arab Today, arab today

Arab Today, arab today Saudi electric company signs SR464m contracts

Riyadh - Arab Today

The Saudi Electric Company (SEC) signed two contracts for SR464 million with a local company for the establishment and expansion of two electricity conversion plants in Riyadh. “The project comes within the framework of the company’s efforts to enhance the electrical system,” SEC Chief Executive Officer Ali bin Saleh Al-Barrak was quoted by a Saudi Press Agency (SPA) report as saying. SEC, which is owned by the Saudi government and the Saudi Arabian Oil Company, specializes in supplying electricity in the Kingdom. Sources claimed that the two contracts aim to meet “alarming power demand in the Kingdom, especially in Riyadh” as reported recently by the Saudi Energy Efficiency Center (SEEC). Naif Al-Abadi, director general of SEEC, mentioned earlier this week that the per capita consumption of electricity in the Kingdom was three times higher than world average and suggested that the likely cause of the phenomena is the low cost of fuel in Saudi Arabia resulting in cheap electricity. He believes that the power consumption of the Kingdom will continue to increase and is expected to reach 8 million barrel of oil equivalent per day (BOEPD). Meanwhile, Al-Barrak will not be able to see the completion of the projects because he recently announced that he will step down as CEO of SEC on Jan. 1, 2014 and will be replaced by Ziad bin Mohammed Al-Shiha, former manager of Saudi Aramco.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi electric company signs sr464m contracts Arab Today, arab today saudi electric company signs sr464m contracts

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi electric company signs sr464m contracts Arab Today, arab today saudi electric company signs sr464m contracts

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday