TheSaudi Electricity Company(SEC) is set to retender the contract to build the 2,000MW Rabigh 2 power plant. A consortium led by the localAcwa Powerwas selected as the preferred bidder for the Rabigh 2 power plant in January. However, a decision in early May by Saudi Aramco not to supp...
Reports on the possibility of tenders being launched in late 1998, for two major electricity transmission line projects in Saudi Arabia. Details on the project; Name of the company which is likely to be awarded the construction contract; Expected benefits of the project....
Tadawul-listed Saudi Electricity Company (SEC) has marked completion on the construction of the Fishermen Port project in Al-Shuqaiq in the Jazan region. The fishing port project has been constructed to contribute to the development of the Al-Shuqaiq area — known for the...
after they bought up shares in one of the firm’s subsidiaries. The Ministries said that the Kingdom’s government had bought up Saudi Electricity Company, which meant that SPPC is now wholly owned by the state.
Since the beginning of the year, Saudi Arabia has tendered 6.7 GW of solar and wind renewable energy projects and plans to increase tenders before the year ends to meet its annual goal of tendering 20 GW, which business insiders said will open g...
plant located at Shoaiba, a $2Bn award by Public Investment Fund for Neom Residential Development, and a $110M deal awarded to National Contracting Company Limited to build a 380 kilo-watts overhead transmission lines and substation in Alaflaj from the kingdom’s Saudi Electricity Company. ...
Al Sadawi should begin feeding electricity into the Saudi grid in the second quarter of 2027. Download the Renewable Energy in Bulgaria analysis here. By the end of September, SPPC had awarded over 19 GW of renewable energy capacity under NREP to support Saudi Arabia's strategy to reach 50%...
ACWA Power Co (TADAWUL:2082) and its partners state-owned Water and Electricity Holding Company (Badeel) and Saudi Aramco Power Company (SAPCO) have reached the financial close for 5.5 GW of solar projects in Saudi Arabia at a total value of about SAR 12 billion (USD 3.2bn/EUR 2.8bn)....
Saudi Electricity Company,Sabic, and King Abdullah University of Science and Technology had a key presence at the event. Saudi Arabia plans to use renewable energy such as solar (40 GW), wind (16 GW), and concentrated solar (3 GW) through large-scale investments by 2030....
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk revealed on Monday that he is relying on equity from the Saudi sovereign wealth fund to take the company private, but also noted he is discussing the matter with other investors.