SEC to implement $1.93bn worth of projects
Transformer stations and 380Kv lines among projects across country
Saudi Electricity Company’s (SEC) board of directors have approved 17 new projects worth $1.93bn (SAR 7.239bn) in its bid to meet the growing demand for energy.
They include new transformer stations in Waed Al-Shamal, Gurayat, Tabarjal, Al-Jouf and Arar at a cost of $623mn (SAR 2.34bn), according to a statement from the company.
The board approved a 380KV transport line from Tabarjal to Al-Jouf and another line from Al-Jouf to Arar, adding that the two projects would cost $193.5mn (SAR 725.5mn).
A 380KV line will be established between Tabuk and Tabarjal at a cost of $168.2mn (SAR 630.9mn).
Other projects are planned for Al-Oqair, Jawatha, Abqaiq, Madhaya, Al-Khafji, Taif, Madinah, and Riyadh, the statement said, adding that the new projects would be financed by the company’s own funds, government loans and commercial loans.
“The effect of these projects will appear by 2017,” it added.