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Sun 13 Feb 2011 08:02 PM

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Saudi Electricity in $204m power project deals

Power-hungry desert kingdom signed five contracts covering various regions in the kingdom

Saudi Electricity in $204m power project deals
POWER DEMAND: SEC plans to invest $80bn to boost capacity to at least 70,000 megawatts by 2020

State-controlled Saudi Electricity Co (SEC) signed contracts worth 766.3m riyals
($204.3m) with local firms to boost power installations, the state news agency
SPA said on Sunday.

The five contracts cover various regions in the power-hungry desert kingdom
and aim to build and expand substations as well as installing a power grid, SPA
reported, citing SEC's chief executive Ali Saleh al Barrak.

SEC plans to invest $80bn to boost capacity to at least 70,000 megawatts by
2020 from an installed capacity of 50,000 MW to meet domestic demand rising at
8 percent annually.

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