Saudi electricity company signs 11 power contracts

Saudi Electricity Company announced Friday that it has signed 11 contracts to set up power transport lines, gas-powered generating units and transformers in different parts of the country to beef up supply to meet growing demand. “These contracts include expansion of power plants in Wajh and Tabuk, establishment of 380KV and 132KV transformers and a 380KV transport line to link the Dharma plant with the Riyadh network,” said Ali bin Saleh Al-Barrak, CEO of the company. He said the new projects would reduce pressure on the existing power plants and strengthen the efficiency of electricity networks in various cities, according to a press statement published today. Al-Barrak said the new national budget for 2012 has allocated SR55 billion to carry out a number of electricity projects, adding that it would contribute to providing connections to 350,000 new subscribers.