Event Description

The Kingdom of Saudi Arabia’s power sector is witnessing a very significant change, one that is driven by massive development projects that are underway across the region and a significant growth in population. Energy consumption in the Kingdom is witnessing an unprecedented growth; Peak demand is expected to reach 90 GW in 2022. The ministry of water and electricity has announced an investment of $133 billion for the power sector to meet rising energy demands of the nation. Based on the power needs which will be in excess of 30,000MW extra capacity by the year 2020, the principle electricity company of the Kingdom, Saudi electricity company plans to spend an additional USD$ 80 Billion till 2022 to upgrade the production capacity.

Press Release