New and ongoing projects undertaken by Saudi Electricity Co. (SEC) will help match the rapid growth of the Kingdom's economy, its President & CEO Ali S. Al-Barrak said. "We have long-term and short-term plans to meet future power demand as we have
State-controlled Saudi Electricity Company (SEC) reported a wider fourth quarter loss yesterday, citing higher energy costs, and missing analyst forecasts. It made a net loss of 514 million riyals ($137m) for the period ended December 31, compared with a
Abu Dhabi National Energy Company, or Taqa, has broken away from its traditional focus on hydrocarbon assets by establishing a division to invest in renewable energy. The unit, Energy Solutions, will invest in wind, solar, thermal and hydro power as well