A consortium of Saudi Arabia's electricity companies, including Saudi Electricity Company (SEC) and Riyadh-based Acwa Power, had refinanced debt of the Rabigh 1 power project, totaling more than $1.82b.
Saudi Electricity Co. (SEC) is seeking bids from international developers to build two solar-power plants in Al-Jouf and Rafha in the north of the country.
State-controlled Saudi Electricity Co (SEC) has started up part of its new 2,640MW Jeddah South power plant and linked it to the grid, in order ti face the growing electricity demand.
Saudi Electricity Co (SEC) signed a $900m loan agreement with the Export-Import Bank of Korea (KEXIM) among other international lenders, to help finance the construction of a 2,640MW power plant in Shuqaiq.