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SEC signs $2.15bn revolving credit facility with 8 banks
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
GCC utilities are embracing a smart vision through smart meters
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.
Saudi's SEC profits drop 17% as revenues decline
Company's results are seasonal because of the big swing between power demand in winter and summer
First Saudi-made gas turbine goes into operation at new power plant
The plant, costing over SR3.75 billion, has a total capacity of 1,390 megawatt (MW) electricity, of which 50 MW will come from a solar component
Saudi Arabia’s SEC launches electric vehicles project
Saudi Arabia is keen to develop its auto industry as part of efforts to diversify the economy beyond oil and has teamed up with Japan’s Toyota Motor Corp to conduct studies for that
Saudi Electricity says Q2 profit slightly lower
The company, the largest electricity producer in Saudi Arabia made a net profit of 2.23 billion riyals ($594.6 million) in the three months to June 30, according to a bourse statement

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