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FINANCIAL NEWS
New regulations to lower Saudi energy consumption by 60%
06 May 2013
(MENAFN) Saudi Electricity CEO, Ali al-Barrak, stated that when the Kingdom starts to execute the new regulations, the country’s energy consumption is likely to decline 60 percent, reported Bloomberg citing al-Riyadh.
However, Al-Barrak stressed that the new measures do not include increasing electricity tariffs.
He added that the government will bring in rules for air condition use, as 80 percent of the country’s energy consumption is from air conditioning.
Furthermore, other regulations will be introduced to enforce insulation requirements for buildings.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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