No more outages, says Saudi power chief

POWER PLEDGE: Electricity boss in Saudi Arabia has pledged to prevent outages. (Getty Images)

A senior electricity official has pledged to maintain an uninterrupted electricity supply in Saudi Arabia following power cuts across the kingdom on Wednesday.

Power went out for several hours in many cities in four provinces in the central and eastern regions of Saudi Arabia.

But Saleh Mohammed Al-Onaizan, acting CEO of the Saudi Electricity Company (SEC), said in Arab News on Friday that the SEC was currently on an expansion course with ambitious plans to ensure full electrification of all Saudi cities and villages by 2010.

“The SEC has already fixed the faults at a few power plants in different cities and towns, including the industrial city of Jubail, Hail, Qassim and Riyadh, which were hit by power blackouts,” he said. "Power was fully restored by about 8.30pm Wednesday in all parts of the country."

The state-controlled SEC is the Kingdom’s largest power generator and distributor of electricity. It has recently agreed to an SR6 billion Shariah-compliant loan with a group of six local banks to refinance maturing debt and help pay for new projects.

The company spent SR13.5 billion on expansion projects last year alone, according to an SEC statement.

It has also signed an agreement for a multi-billion-riyal turnkey contract to build a new 1,200 megawatt steam power plant.

Print | Email | Discuss this article

| Share |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic. Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Enter the words above *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM