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Al-Qaida’s wretched utopia and the battle for hearts and minds
Driving east out of Aden, we were just a few hundred metres past the last army checkpoint when we saw the black al-Qaida flag. It flew from the top of a concrete building that had been part-demolished by shelling. From here into the interior, all signs of control by the government of Yemen disappeared. This […]
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GE wins $200mn power plant conversion contract in Saudi Arabia
GE said it has received a contract for nearly $200 million to supply steam turbine technology, power generation services and distributed control systems for the conversion of Saudi Electricity Co.’s (SEC) PP10 power plant from simple to combined-cycle operation. The project will add 1,300 MW to the plant’s capacity. “The conversion to combined-cycle operation is […]
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Saudi Electricity set to issue $2 billion dual-tenor sukuk
State-controlled Saudi Electricity Co is set to issue $2 billion in sukuk, or Islamic bonds, according to documents seen by Reuters.
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Saudi Electricity Co. in talks for international bond issue
State-controlled utility Saudi Electricity Co has recently discussed with a group of international banks its plan to issue a U.S. dollar-denominated bond, sources familiar with the matter said.
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Energy-saving tips as summer heat sends Saudi electricity bills soaring
Consumers around Saudi Arabia got a shock last month when they saw their latest electricity bills. A double whammy of increased tariffs from the Saudi Electricity Company and the arrival of summer heat, with air-conditioning set to max, sent costs sky-high.
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Shoura to Discuss Rising Electricity Bills in Saudi Arabia
The council's committee on economy and energy on Sunday discussed the reasons behind the rising cost of electricity which it described as extremely "tough" on the citizens.
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Saudi Electricity Company explains rise in bills, invites unhappy customers to contact it
The company recently started issuing all bills for its 9 million customers on the 28th of every month, in accordance with a royal decree.
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The energy cost of air conditioning: 70% of Saudi Arabia’s electricity is used for AC
Another 20% of Saudi Arabia’s electricity is used to desalinate sea water for drinking. About 60% of the water people use in their homes comes from the country’s 30 desalination plants (the rest comes from groundwater).
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High Electricity Prices Reduce Demand, Consumption of Natural Gas
King Abdullah Petroleum Studies and Research Center (KAPSARC) stressed that energy efficiency and structural reforms will lead to increased energy production in the Kingdom.
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Electricity e-bills now on 28th of each month
The Saudi Electricity Company (SEC) will now issue e-bills on the 28th of each Gregorian month. The move follows a royal decree issued earlier this month according to which utility bills should only be issued after the payment of monthly salaries to government staff on 27th of each Gregorian month.
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Saudi Electricity secures $2.6 billion syndicated bridge loan
State-controlled utility Saudi Electricity Co said on Thursday it had signed a $2.6 billion bridge syndicated loan.
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Saudi Electricity Company Embraces Electric Vehicles
The agreement will see the Saudi-government controlled utility cooperate with the Japanese companies to study the operation of electric cars and adapt them for use in Saudi Arabia, according to a press release.
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