SAUDI ARABIA: profiles of Sceco companies, 1994

19 August 1994
SPECIAL REPORT POWER

Sceco-Central

Gas turbines fire crude oil.

Imports large quantities of power from Sceco-East.

The 1,200-MW PP9 combined-cycle project is the largest new project.

The 1,000-MW PP8 is to be expanded.

Possible phasing out of PP4 and PP5 later this decade.

The company recorded a net loss of SR 839 million ($224 million) in the hijra financial year ending 20 June 1993. This compares with a loss of SR 547.4 million ($146 million) in the previous 12 months. It employs about 6,400 people. About 40 per cent of its power supplies are bought from Sceco-East.

Sceco-East

Imports about 1,400 MW from SWCC.

About 60 per cent of capacity is steam plant. The balance is gas turbines.

Ghazlan 1,200-MW thermal plant under tender.

The company reported a loss of SR 510 million ($136 million) in the year ending June 1994. This compares with a record deficit of SR 582 million ($155 million) in the previous 12 months.

1,000 MW of plant to be phased out by 2002.

Sceco-South

The smallest Sceco in terms of power-generation capacity.

Flat annual load demand reported.

The Shuqaiq 1,000-MW oil-fired steam plant is the main project.

The company recorded a net operating loss of about SR 650 million ($173 million) on sales of SR 255 million ($68 million) in the hijra financial year ending 20 June 1993.

Sceco-West

Large growth has been experienced.

Main projects are the 600-MW Rabigh 4 combined-cycle scheme and the proposed Shuaibah thermal scheme.

About 1,200 MW of power generation capacity is to be phased out or have its life extended this decade.

The company recorded a net loss of SR 924 million ($246 million) in the hijra financial year ending 20 June 1993, 27 per cent more than the deficit in the previous 12 months. Despite an 18 per cent increase in the volume of power supplied, the company's sales revenues rose by just 1 per cent in the year to SR 1,491 million ($398 million). About 35 per cent of its power supplies are bought from the SWCC.

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