Tag Archives: SEC
Saudi Electricity Company signs pact with PCMC to reduce carbon emissions
The Saudi Electricity Co. (SEC) and the Petroleum, Chemicals and Mining Co. (PCMC), a subsidiary of the Saudi Binladin Group, have signed a partnership and cooperation agreement aimed at reducing carbon emissions. The deal, which is to be implemented via
SEC sees significant impact on income
Saudi Electricity Co. (SEC) expects the effects of fuel and electricity price hikes announced in the 2016 government budget to roughly balance out, with little overall impact on its bottom line, the company said in a bourse statement on Tuesday.
Gulf projects: Demand grows for public-private partnerships
The Gulf’s state-linked firms are being forced to wean themselves off direct government funding, and focus more on capital markets and private investment, to push ahead with projects in an era of cheap oil. In the previous several years of
Solar power ‘crucial’ for KSA
The pact signed earlier this year to set up an independent solar power plant would help meet some of the country’s rising energy demands over the next few decades. This is according to Abdularahman Almuhanna, chief executive officer of Taqnia
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