SEC boosts Saudi Arabia power supply by a third
Saudi's electricity capacity increased 31.4 percent in 2009.
Saudi Arabia’s electricity capacity increased by 31.4 percent in 2009, compared to the previous year, according to the latest report by Saudi Electricity Company.
The kingdom’s total available electricity capacity amounts to 44,485MW, while the actual power generating capacity reached 38,680 MW in 2009, a rise of 10.6 percent on 2008 figures, the data reported by Saudi Press Agency showed.
Meanwhile, the company’s subscribers by the end of 2009 totaled more than 5.7 million, an increase of 5.2 percent from the previous year.
The company has spent $38 billion on electricity projects since it was founded in April 2000 until the end of 2008, the report said.
According to the report, an additional 50 percent capacity will enter the market during the next three years with a capital expenditure of around $10 billion.
Saudi Electricity Company is currently implementing projects worth around $22 billion, in addition to projects with a capacity of 15,000MW due this year.