Demand growth will drop by 50 per cent
The Saudi Electricity Company (SEC) has said that growth in power demand is expected to drop by half after 2015 as the kingdom boosts its capacity, Reuters has reported. The government-controlled utility plans to invest $80bn to boost capacity to at least 70,000 megawatt by 2020 from the currently installed capacity of 50,000 MW, SEC chief executive Ali al-Barrak said. “We have a plan, if the plan moves as we planned it, the growth [in demand] would not continue at eight percent,” he said. “In the next five years we expect it to be seven to eight per cent but then… it will drop to four to five percent after 2015 through 2020.”
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