Saudi Arabia’s electricity capacity increased by 31.4 percent in 2009, compared to the previous year, according to the latest report by Saudi Electricity Company.
The kingdom’s total available electricity capacity amounts to 44,485 MW, while the actual power generating capacity reached 38,680 MW in 2009, a rise of 10.6 percent on 2008 figures, the data reported by Saudi Press Agency showed.
Meanwhile, the company’s subscribers by the end of 2009 totalled more than 5.7 million, an increase of 5.2 percent from the previous year.
The company has spent SR142.5bn ($38bn) on electricity projects since it was founded in April 2000 until the end of 2008, the report said.
According to the report, an additional 50 percent capacity will enter the market during the next three years with a capital expenditure of SR38bn.
Saudi Electricity Company is currently implementing projects worth SR84bn, in addition to projects with a capacity of 15,000 MW due this year.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.