saudi arabia sees progress in electricity
Last Updated : GMT 07:25:12
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 07:25:12
Arab Today, arab today

Saudi Arabia sees progress in electricity

Arab Today, arab today

Arab Today, arab today Saudi Arabia sees progress in electricity

Saudi Arabia sees progress in electricity
RIYADH - Arab Today

Saudi Arabia’s deputy electricity minister said on Wednesday he hoped for progress next year in privatizing the power sector including the unbundling of state-run Saudi Electricity (SEC).

“There have been some developments that required us to wait,” Saleh Al-Awaji, who is also chairman of SEC, told an industry conference in Riyadh.

Awaji said factors impacting privatization included the Citizens Account a government plant to compensate low- to medium-income citizens - and revisions to energy prices.

“We hope to see some achievements during 2018...,” he said, referring to requirements for the sale of SEC’s generation assets.

Electricity tariffs still do not match the cost of producing electricity in the kingdom. The Saudi government has said energy prices will be subject to gradual increases until 2020.

“The creation of generation companies will transform the sector into a sector that relies to a large extent on government support into a sector that operates on a commercial basis,” Saudi Energy Minister Khalid al-Falih said on Tuesday.

Raising power prices gradually are among the structural reforms cited by the minister “while taking into consideration the ability of consumer sectors to absorb the increase and maintaining economic growth and the competitiveness of national products and industrial investments.”

The establishment of an account for power tariffs is another reform that aims to cover the deficit between the commercially expected income from power and the income from the officially approved tariff, while taking into consideration the amendments to power consumption tariffs, the minister added.

Investments of more than 250 billion riyals are expected to be made in the electricity sector by 2022 to cover a peak load of 80,000 megawatts (MW).

The restructuring of the sector includes an energy mix that relies more on gas and less on liquid fuel. It includes renewables and nuclear too.

SEC expects to save about 320-340 million barrels of oil equivalent per day (boepd) by 2020 through efficiently generating power, its CEO said.

Power demand grew slightly this year compared to last year said Abdulla al-Shehri, the head of the electricity regulator. 

However, he kept his previous estimates of demand to reach 120 gigawatts (GW) of electricity by 2032.

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*

saudi arabia sees progress in electricity saudi arabia sees progress in electricity

 



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*

saudi arabia sees progress in electricity saudi arabia sees progress in electricity

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 14:44 2018 Friday ,14 December

Lebanese newspapers' headlines for December 14, 2018

GMT 11:35 2017 Saturday ,02 December

Indonesia reopening Bali airport shut

GMT 21:16 2016 Saturday ,20 August

Wild giant panda spotted in Sichuan forest park

GMT 10:16 2017 Wednesday ,21 June

King Salman appoints son as Saudi Crown Prince

GMT 07:16 2016 Wednesday ,28 December

40 killed in Yemen anti-rebel offensive

GMT 11:17 2017 Monday ,31 July

Director Madmoun begins filming his new film

GMT 20:01 2017 Sunday ,26 February

UAE envoy meets Mexican official

GMT 16:03 2015 Friday ,25 December

Turkish soldier killed in Sirnak province

GMT 04:11 2018 Sunday ,21 January

Trump and 'Davos Man': best of enemies

GMT 19:26 2017 Sunday ,29 January

UK Government Criticizes US Refugee Ban

GMT 08:27 2016 Wednesday ,16 November

Renewed Russian strikes in Syria break international law

GMT 08:32 2017 Monday ,27 February

Film on Syria's White Helmets wins Oscar

GMT 12:58 2017 Friday ,08 December

Manal Salama happy for reactions of her new show

GMT 01:13 2016 Thursday ,01 September

Greek Coast Guard receives distress signal from boat

GMT 09:10 2017 Thursday ,12 January

Iraq forces have retaken 80%

GMT 01:44 2017 Wednesday ,14 June

Myanmar to probe into killing of prominent lawyer

GMT 10:42 2016 Monday ,14 November

Paul Verhoeven bemoans Hollywood's lack of sex
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