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Utilities News

Saudi ACWA Power picks JPMorgan, Citi, NCB Capital for IPO
(Gulf News -06/03/2018)

Saudi Arabia's ACWA Power has selected JPMorgan, Citigroup and Saudi Arabia's NCB Capital to arrange the initial public offering ...

68pc of SEC purchases from local factories
(Trade Arabia -02/03/2018)

The Saudi Electricity Company (SEC) said that 68 per cent of its purchases, during the past four years, came from 52 local factories, ...

Taqa swings to profit after record loss in 2016
(Trade Arabia -09/02/2018)

Abu Dhabi National Energy Company (Taqa) has registered a Dh171 million ($46.5 million) net profit in 2017 compared to a Dh19 billion ...

Saudi fund nears deal to buy key stake in Acwa Power
(Trade Arabia -07/02/2018)

Saudi Arabia's sovereign wealth fund is nearing an agreement to buy about a 10 per cent stake in Acwa Power International ahead ...

Acwa wins Saudi's first utility scale renewable energy project
(Trade Arabia -07/02/2018)

Saudi-based Acwa Power, a global leader in developing, constructing and operating power generation and desalination water plants ...

SEC goes digital with power bill distribution
(Trade Arabia -02/02/2018)

The Saudi Electricity Company (SEC) said it has already suspended the distribution of the paper bills to the subscribers' homes. ...

Saudi Electricity secures $2.6bn bridge loan facility
(Trade Arabia -21/01/2018)

Saudi Electricity Company (SEC) said it has signed a SR9.75 billion ($2.6 billion) international syndicated bridge facility with ...

Saudi Electricity Company to issue e-bills by end of January
(Arab News -21/01/2018)

The Saudi Electricity Company (SEC) has set the 28th of each month for issuing electronic bills to subscribers, the Saudi Press ...

Saudi Arabia's ACWA powers on with IPO plan
(Arab News -17/01/2018)

Saudi Arabia-based ACWA Power, the power and desalination plant producer, could go public within the next two years, according to ...

Saudi Arabia's ACWA Power to adopt Solarcoin
(Gulf News -17/01/2018)

The usage of blockchain technology will offer an untapped opportunity for the power generation sector, Saudi-based utility company ...

Utilities News ....
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