Saudi Electricity Co (SEC) aims to complete its restructuring by January 2014, as the largest-listed utility in the Gulf region prepares to invest $100bn over the next 10 years to almost double its power generation capacity, the firm’s chief executive

Arabian Bemco Contracting Company (Bemco) has won a SR4.7 billion ($1.25 billion) contract from Saudi Electricity Company (SEC) to build a power plant outside the capital Riyadh, an industry source familiar with the project said. SEC, a state-owned

Saudi Arabia has revised up its estimates for the amount it will invest in power projects over the next decade to more than SR400 billion ($106.6 billion) from SR300 billion, its deputy electricity minister said. “Some time (ago) we announced SR300