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Saudi Electricity to boost tariffs

06 June 2010

Ali Saleh al-Barrak, chief executive of Saudi Electricity has said the company will increase tariffs for government, commercial and industrial users as of July 1, which would add SR3.2bn to its annual revenues and boost its profitability, Reuters has reported. "Revenues from electricity sales are not enough to cover operating costs and at the same time fund the investments required by the growth in demand," he said.

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