SEC signs $850.6m worth of substation contracts
Projects to be carried out in Riyadh, Jeddah and Qassim areas of KSA
Saudi Electricity Company (SEC) has signed eight contracts worth a total of $850.6m (SAR 3.2bn) for the construction of substations across Saudi Arabia.
CEO Ali bin Saleh Al-Barrak inked the deals which are designed to help meet rising power demand across the country.
“The projects will raise the level of electrical services provided by SEC and increase its reliability by providing stable and uninterrupted usage,” Al-Barrak told Arab News.
Substations will be constructed in Riyadh, Jeddah, and Qassim to meet power demands in these areas as a result of the contracts.
The construction of the projects is expected to be completed in one year and three months’ time.
Al-Barrak promised that the new projects will greatly help in the economic development of the Kingdom.
According to SEC records, power consumption in Saudi Arabia has increased from 1,940.72 kilo watt per hours (kWh) in the 1980s to a current level of 8,022.45 kWh.
Naif Al-Abadi, director general of the Saudi Energy Efficiency Center (SEEC), said earlier this year that there is an “alarmingly high rate of energy consumption in Saudi Arabia.”