Government spends about SR50bn a year to subsidise power production
Abdullah al-Shehri, governor of the Saudi Electricity and Co-generation Regulatory Authority, says electricity tariffs in the kingdom could be raised to improve energy efficiency, Bloomberg has reported. “We are going to request to consider other elements of the tariffs,” he said. The agency will seek higher fees for first-time connectivity and capacity usage, he added. The government spends about SR50bn ($13bn) a year to subsidise fuel needed for power production, Al-Shehri said on 3 September.
You might also like...
Hassan Allam and Siemens confirm Hafeet Rail award
24 April 2024
UAE builds its downstream and chemical sectors
24 April 2024
Acwa Power eyes selective asset sales
24 April 2024
Bahrain mall to install solar carport
24 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.