Saudi Arabia’s 2015 electricity projects total SAR45bn

June 18, 2015 11:28 am

The value of electric power projects that are underway as well as being planned in Saudi Arabia for 2015 is more than SAR45 billion, according to a top official.

CEO of the Saudi Electricity Company, Ziad bin Mohammed Al-Shiha, says that major electric power projects are currently being implemented in order to avert any potential outages during the summer season and the holy month of Ramadan.

In remarks published by Al Eqtisadiah newspaper, Al-Shiha reveals that Saudi Arabia is the world’s number one country in terms of growth in electric power consumption at 8 per cent, while the global average rates range between 2 and 3 per cent.

He assures that there will be no disruptions to the electricity supply in the Kingdom in the next period, noting that there are 7.6 million subscribers in the kingdom.

Speaking on a nationwide energy efficiency programme, Al-Shiha projects that the ambitious programme will reduce electricity consumption in the short as well as the long run.

He also indicates that the theft of copper cable from transformer stations has been on a downward trend as a result of robust security crackdowns on thieves’ rings.


AMEinfo Staff
By AMEinfo Staff
AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.