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SEC: SR20bn tenders launched next week

by Florian Neuhof on Dec 23, 2010

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The SEC is committed to expanding power generation in Saudi Arabia.

The Saudi Electricity Company (SEC) will next week launch tenders for two power plants with a combined value of SR20 billion (US$5,3 billion), its CEO is quoted in the Saudi Gazette as saying.

The plants will be supplying power to Riyadh and Jeddah respectively, and are part of the new budget, which will be announced next week.

The CEO also said a tender for a 800MW plant in Al-Quaryia will be launched in March alongside a range of other tenders.

Al Barrak also told the Gazette that government departments owe the company SR6 billion in unpaid electricity bills. This has thrown the SEC’s planning into disarray, and makes it difficult for the SEC to come up with payment for feedstock, he said.

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