News

Riyadh, Saudi Arabia — SPARK Utilities, a world-class utilities operator based in King Salman Energy Park (“SPARK”), and the Saudi Electricity Project Development Company have entered into a strategic ...
Diriyah and Wadi Safar electricity substations – combined contract value SAR 682 million ($181 million) – to be operated by Saudi Electricity Company. Additional cabling contracts announced ...
GE Vernova, Inc. (NYSE: GEV) and Saudi Electricity Company (SEC) ... This project at SEC's 8th power plant in Riyadh ... we’re partnering with the Mubadala Development Company to build local ...
This project is among the largest power generation initiatives in Saudi Arabia, encompassing the development, financing, construction, ownership, and operation of a gas-fired combined cycle power ...
As part of its Vision 2030 initiative, Saudi Arabia is significantly advancing its renewable energy sector, focusing on solar power. The Kingdom plans to generate 50% of its electricity from renewable ...
The project was signed in October 2021 as a coalition between three international companies, expecting to enable Egypt and Saudi Arabia to exchange up to 3,000 megawatts (MW) of electricity.
RAZON-LED Primelectric Holdings, Inc. (PHI) has entered into a partnership with Saudi Arabia-based energy developer ACWA ...
(Bloomberg) — Saudi Electricity Co. is marketing a $1 billion loan, people familiar with the matter said, as the firm seeks to finance new projects, including the expansion of a power plant. The ...
The Saudi Electricity Company has announced its financial results for the first quarter of 2025, demonstrating significant growth in operating revenues, which increased by 23% to SAR 19.5 billion, ...