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Sat 14 Nov 2009 04:24 PM

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Saudis need $80bn for electricity by 2020 - agency

Kingdom currently produces 40,000 megawatts of electricity - ministry official.

Saudi Arabia said it would need to invest SR300bn riyals ($80bn) in electricity generation and distribution over the next ten years to cater for domestic demand that is growing by 8 percent a year.

The Kingdom currently produces 40,000 megawatts of electricity, Water and Electricity Minister Abdullah Al Husayen said in remarks published by the official SPA news agency.

By 2015, the Kingdom will add 5,200 megawatts in new capacity of which 3,200 megawatts will be operational in 2013, he added. (Reuters)

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