Saudi Electricity Company
Post in 2024
Saudi Electricity Company (SEC) is a major utility provider in the Kingdom of Saudi Arabia, focused on the generation, transmission, and distribution of electric power. Established in 2000 and headquartered in Riyadh, SEC serves a diverse range of customers, including governmental, industrial, agricultural, commercial, and residential sectors. The company operates through three main segments: Generation, which involves producing electric power; Transmission, responsible for transporting electricity from generation facilities to distribution networks; and Distribution, which manages the delivery of electricity to end users. Additionally, SEC is involved in the establishment and management of electric and fiber optic networks for telecommunication services, as well as offering support related to bond issuance and financing activities. The company also undertakes construction projects, encompassing detailed design, material procurement, and project implementation within the power sector.
ACWA Power International is a company specializing in the development, investment, co-ownership, and operation of power generation and desalinated water production facilities. Founded in 2004 and headquartered in Riyadh, Saudi Arabia, it manages a diverse portfolio that includes thermal, solar photovoltaic, solar concentrated solar power, and wind energy projects. Additionally, ACWA Power provides operations and maintenance services specifically for the power generation and water desalination sectors. The company has a significant regional presence, with operations in various countries, including Saudi Arabia, Oman, the United Arab Emirates, Jordan, Morocco, South Africa, Turkey, Vietnam, Mozambique, and Egypt. As a subsidiary of ACWA Holding Company, ACWA Power plays a crucial role in addressing energy and water needs across its operational territories.