Justice minister, DGA chief discuss partnership to boost digital judicial services    Netanyahu does not rule out further strikes on Hamas leaders    US farmers are being squeezed – and it's testing their deep loyalty to Trump    Romania condemns 'irresponsible' Moscow after Russian drone breaches its airspace    Kirk's assassination is forcing US politicians to make difficult choices about their safety    India players refused handshakes, says Pakistan coach    Final stage of Spanish Vuelta cycling race abandoned after disruption by pro-Palestine protesters    Mané fires Al Nassr past Al Kholood to keep perfect start as Ronaldo honored    Lacazette brace earns NEOM SC first Saudi Pro League win    Adolescence star Owen Cooper makes Emmys history at 15    Saudi liquidity grows 8.4%, reaching SR3.1 trillion in July 2025    Over 434,000 people acquire first aid skills during nationwide health campaign    Saudi Arabia's legislative advancement highlighted at International Conference on Judicial Training    Sudden swerving among 3 major causes of accidents in Riyadh in 2024    Princess Haifa emphasizes pivotal Saudi role in shaping future of tourism    Sahm Capital names Saudi Olympian Fayik Abdi as brand ambassador    SR9000 fine for copyright infringement using AI    King Charles and Prince Harry finally reunite after 19 months apart    Anastacia: Arnold Schwarzenegger made me sing Whatta Man 12 times    Thousands pay their last respects to Giorgio Armani, private funeral on Monday    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



KSA electric power investment seen at SR300 billion by 2020
Published in The Saudi Gazette on 25 - 09 - 2013

JEDDAH – Saudi Arabia plans to invest more than SR300 billion in electric power sector by the end of 2020, with the aim of increasing production capacity, development of transport networks and stations, and all associated systems, Sawary Energy Vice President Sami Akeel said in a press statement Monday.
Noting the great challenges faced by the sector in the Kingdom, with a production capacity reaching about only 54 MW last year, he said the Kingdom needs to add about 5,000 megawatts annually, and that thousand megawatts need around SR15 billion investments.
He stressed that electric diesel generators play a significant role in promoting economic development, and advancing the overall sustainable development taking place in the Kingdom over the past decades.
A progressive urban development and mega projects implemented by the government is aimed to bridge the gap between the current needs of the energy and capacity electric available to cover the growing needs the demand for electric power as a result of a progressive urban development, and megaprojects implemented by the government.
He valued the direction of the Ministry of Industry and Commerce to support the increased electrical generation capacities to meet the increasing demand.
Sawary Energy is one of the largest companies in the power industry operating in Saudi Arabia for the past 40 years through its network of branches all over the Kingdom and is certified by the Environmental Protection Agency (EPA).
Meanwhile, Booz& Company estimates that the MENA region holds 45 percent of the world's total energy potential from all renewable sources. Algeria, reckons the consulting firm, has the greatest potential for solar power, followed by Libya, Saudi Arabia and Egypt.
Already, some countries in the MENA region have announced ambitious renewable energy generation targets.
Algeria has announced plans for 22,000 mw of renewable energy capacity by 2030, for example, and Morocco is targeting 2,000 mw of new solar generation capacity by 2020, as well as hosting the first reference project of the Desertec concept.
Moreover, Egypt has ambitions to generate 20 percent of its total energy from renewable sources
by 2020, and Abu Dhabi is targeting a 7 percent renewable energy share in electricity generation capacity in the same timeframe.
In all, the IEA expects the Middle East region to generate 7 percent of its power from renewable sources by 2030, up from around 3 percent today.— SG


Clic here to read the story from its source.