Regions largest electricity company will be unbundled into four separate generation entities
Saudi Arabia is planning to have completed plans for unbundling its generation companies into four separate companies and establish an offtaker by the end of 2016.
We aim to have selected the principal buyer, which will be ringfenced in SEC [Saudi Electricity Company] next month, said Abdullah al-Shehri, governor of state utilities regulator Electricity & Cogeneration Regulatory Authority (Ecra), speaking at MEEDs Leaders in Energy Reform summit in Dubai on 2 November.
Al-Shehri said SEC is planning to privatise the first company, which will own about 20GW, in 2017.
Saudi Arabia currently has a peak electricity demand of about 62GW, which will rise to 120GW by 2030, said Al-Shehri.
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