CESI signs $2.7mn consultancy agreement with SEC
Project aims to enhance efficiency and extend lifetime of facilities
CESI Middle East, a market leader in technical consulting and engineering, has signed a consultancy agreement worth almost $2.7mn (AED10mn) with the Saudi Electricity Company (SEC) to support various projects across Saudi Arabia.
The partnership is focused on enhancing efficiency and the lifetime extension of existing facilities and installations in order for SEC to be best equipped to meet the nation’s future power demand.
CESI’s approach will include the integration of renewable energy sources on the planning and operation of transmission networks, supporting SEC’s commitments regarding sustainability.
Commenting on the new agreement, Floris Schulze, managing director, CESI Middle East, said: "CESI's five-year consultancy with SEC sees us well-positioned to support Saudi Arabia overcome challenges in a market that has a continuously growing demand for energy. Through this partnership, CESI is taking a lead role in the Middle East's shift towards a focus on energy efficiency, conservation and long-term sustainability.”
Matteo Codazzi, CEO, CESI, added: "This landmark agreement with SEC demonstrates CESI's understanding of the unique needs of the marketplace. Through its many projects throughout the region, CESI is contributing towards the stability and sustainability of the power supply, further enhancing the economic potential of countries where we have strategic partnerships."
The Saudi government is working to create an additional 30,000 megawatts of generation capacity as part of its initiative to increase power generation capacity twofold by 2030 in order to meet the demands of a growing population.
To enable SEC to manage this demand, CESI's team will provide short-term, mid-term and long-term load forecasting, generation expansion planning, and transmission network planning.
The power system's planning activities will be performed according to a specific methodology adopted by CESI that allows for the determination of the "best choice" regarding the expansion of the power system to meet the forecasted demand, while satisfying the operational, reliability and economic requirements.
The new consultancy agreement marks CESI's second strategic collaboration with SEC. CESI had earlier been selected to implement a High Voltage Direct Current (HVDC) power transportation interconnector between Riyadh and Mecca, covering the central and western regions of Saudi Arabia.