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National Grid Saudi Arabia News

Green Saudi Company for Carbon Services to focus on emission reduction

Saudi Electricity Company (SEC) recently announced a partnership and cooperation agreement with Petroleum, Chemicals & Mining Company Limited, a subsidiary of Saudi Binladen Group, to establish the Green Saudi Company for Carbon Services. The company will aim to develop and manage carbon emissions reduction programs and fight against environmental pollution. Read More »

Saudi Electricity Company signs $900 million loan agreement to build power plant

Saudi Electricity Company (SEC) said a $900 million loan agreement with the Export-Import Bank of Korea (KEXIM) and other international banks will finance the construction of the new Shuqaiq power plant. The loan is guaranteed by KEXIM, but is funded by banks that include Deutsche Bank, Santander Bank and the Bank of Tokyo Mitsubishi UFJ for the life of the loan, 13.25 years. Read More »