Saudi Arabia’s voluntary production cuts support oil prices

RIYADH: Electrical energy networks throughout three Saudi governates are set to endure SR1.4 billion ($373 million) value of enhancements to cut back the areas’ liquid gasoline consumption and carbon emissions.

State-owned Saudi Electrical energy Co. will make investments the cash throughout Rafha, Al-Wajh and Najran, reported the Saudi Press Company. 

Making certain reliability and continuity, the corporate goals to maximise electrical energy technology models for community effectivity and subscribers’ advantages.

The primary scheme will hyperlink Rafha to the general public electrical energy community within the jap sector by way of a 380 kilovolt overhead line spanning 328 km. 

Connecting Al-Qasima to Rafha, the road can have a capability of 1,650 kilovolt-amps.

Secondly, the Al-Wajh governorate shall be related to the Inexperienced Duba energy station via an overhead line spanning 210 km. 

This hyperlink will strategically join the northwest community to the western area community.

The SEC added that the third scheme would be a part of the Najran area with the Al Fara’a station within the Asir area with an overhead line reaching 236.5 km.

The third scheme may even safe extra power as {the electrical} networks within the southern and Najran areas change into extra dependable. 

In March, the corporate introduced plans to allocate between SR30 billion and SR35 billion for its 2023 capital expenditure. 

This outlay is a minimum of 10 p.c increased than the electrical energy distribution agency’s 2022 capital expenditure, which stood at SR27.4 billion. 

Though SEC didn’t present a transparent breakdown of the allotted quantity, it’s projected that expenditure in transmission and distribution infrastructure shall be a precedence contemplating that this dominated the agency’s capital expenditure over the previous three years. 

As well as, SEC make clear plans to additional develop its distribution and transmission strains, and doubtlessly obtain 23 p.c automation inside its distribution grid.

Established in 2000, SEC has monopolized the technology, transmission and distribution of electrical energy within the Kingdom via 45 energy technology vegetation within the nation. 

The agency’s imaginative and prescient revolves round integrating the atmosphere, financial system and social points into the agency’s company cultural and financial values to perform the better goals of sustainable improvement.