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FINANCIAL NEWS
SEC has USD26.6 b projects in the Kingdom
07 Aug 2013
(MENAFN) CEO of Saudi Electricity Company (SEC), Ali Al-Barrak, said that the company is going through with electric projects in Kingdom at a cost of USD 26.6 billion.
The CEO said that the projects “will be implemented in many phases, and they will be completed within 3 years.”
SEC Chairman Hassan Al-Awaji said that the company signed a deal with Hyundai Heavy Industries (HHI) to construct a power plant in the country, which will add 2,640 megawatts. A move that come as a part of the country’s attempts to meet the rising demand.
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