Saudi Electricity Company (SEC) on Monday said it approved the award of seven power projects worth SR14.7 billion ($3.92 billion) to meet rising demand in the Kingdom. The award includes expansion of the Rabigh power plant and other power transmission and generation projects, the company said in a press statement published today by Arab News. The plant, Rabigh 6 would have a capacity of 2,400 to 2,800 megawatts, about 12 to 14 percent of the 20,000 megawatts the SEC plans to add through 2018, at an estimated total cost of $80 billion. SEC would finance the projects through loans and its own resources, it said in the statement.
