Saudi Electricity continues to work on a transformation of household power plants, as it concluded in December contracts for the implementation of the smart meters project
SEC recently signed SAR 9.5 billion worth of contracts for the comprehensive project, with a plan to install ten million smart meters before the end of March 2021
GE Power experts will share knowledge with SEC professionals to further enhance their skillsets in operating advanced equipment and conducting process optimization tests
The facility is divided into two tranches, the first with a maximum of $1.578 billion, which will mature after three years, and the second with a maximum of $573 million that will mature after five years
Regional utilities are accelerating the deployment of smart meters as consumers seek better insights into their consumption of electricity and water at a time when every drop counts due to increasing user tariffs and subsidy reforms.
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