Saudi utility plans $80bn spend over next decade

  • Share via facebook
  • Tweet this
  • Bookmark and Share

The Saudi Electricity Company (SECO) will spend $80bn over the next 10 years to help meet the kingdom’s rising demand for electricity, local daily Arab News reported on Thursday.

The utility, the largest in the Gulf by market value and 80 percent state-owned, will increase capacity by 76 percent, from 54,000 megawats to 95,000MW.

The kingdom needs at least an additional 30,000MW by 2020.

An additional 4000MW is expected to be added to the network this year, with another 8000MW by 2014.

SECO also is investing in solar energy, which is becoming much more common in the Middle East as countries attempt to grapple with expanding populations and environmental concerns.

The Saudi government has announced plans to invest SR408.75bn to produce 41 gigawatts of solar energy by 2032.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Petroleum producers shift attention from Middle East: Kemp

Petroleum producers shift attention from Middle East: Kemp

Following four decades of war, sanctions, nationalisation and...

Back in business

Back in business

Iran’s tankers are back on the oceans as sanctions on the Islamic...

A new future for Saudi Arabia?

A new future for Saudi Arabia?

The vast Wadd Al Shimal phosphate mine in the north of Saudi...

Most Discussed
  • 22
    World's most pierced man refused entry to the UAE

    Its quite hypocritical & childish that most people use their children as excuses to persecute their views unto others. Were all of you as innocent when... more

    Wednesday, 20 August 2014 9:03 AM - Calvin Pinto
  • 13
    Baby NOT on board?

    I am sure the Writer of this article as well as some of the guys who commented would have been the best behaved kids in their times; never ran around... more

    Wednesday, 20 August 2014 4:44 PM - Wildwine
  • 5
    CEO of Just Falafel to step down

    Every word mentioned above by Omar is 100% true. I have been closely watching and analyzing JF and I am wondering at their strategy, speed of growth and... more

    Wednesday, 20 August 2014 8:24 PM - Ivar