Saturday 19 April 2014
 
»
Tag
 
»
Saudi Electricity

Saudi Electricity gets $13bn govt loan

State-owned power utility Saudi Electricity Co has been granted an interest-free loan of 49.4 billion riyals ($13.2 billion) from the government to help fund its power generation projects, the company said on Thursday. The company

More…

GE Power Conversion wins major SEC order

GE Power Conversion has won two orders worth $23 million to supply highly efficient and flexible components for Saudi Electricity Company (SEC), the region’s largest power generation utility. GE was awarded a contract to sup

More…

Saudi Electricity completes $1.2bn sukuk

Saudi Electricity Company (SEC) has completed a 4.5 billion riyal ($1.2 billion), 10-year floating-rate sukuk offer, pricing the deal at 70 basis points over the Saudi Interbank Offered Rate. The state-owned firm said late last ye

More…

Saudi Electricity Q4 loss narrows

Saudi Electricity Co (SEC) said on Thursday its net loss for the fourth quarter narrowed by 39 percent as it did not repeat costs aimed at improving productivity incurred in the same quarter last year. The firm lost 661 million ri

More…

GE wins $700m Saudi turbine supply deal

General Electric Company said it has signed a nearly $700 million deal with Saudi Electricity Company to supply natural gas turbine generators. The order comes as demand for GE's generators has begun to slowly recover after be

More…

Saudi Electricity sees slight drop in Q3 profit

Saudi Electricity Company posted a 1 per cent fall in third-quarter net profit, missing analysts' forecasts, as its power generation capacity increased. Profit fell to SR2.853 billion ($761 million) in the three months ended S

More…

SEC signs $3.2 billion contract with Hyundai

Saudi Electricity Company (SEC) signed a contract with South Korea's Hyundai Heavy Industries (HHI) to build a 12.2 billion Saudi riyals ($3.4 billion) power plant in Shuqaiq, it said on Sunday. HHI will install four steam gen

More…

Saudi Electricity Q2 net tops $400 million

Saudi Electricity posted a net profit of SR1.50 billion ($401 million) in the second quarter of the year, as against SR1.36 billion in the same period a year earlier, marking a 10 percent rise on Tuesday. Analysts at KSB Capital, an inv

More…

Siemens wins $266m jobs from Saudi Electricity

Siemens, the global engineering and energy company, has been awarded two major contracts valued at approximately SR1 billion ($266 million) by Saudi Electricity Company (SEC). The first contract includes the supply of five SGT6-20

More…

Saudi Electricity Q4 net loss widens

Saudi Electricity Company reported a sharply wider fourth-quarter net loss on Sunday, partly on costs related to workers who have been let go by the utility. The company said it had a net loss of 1.09 billion riyals ($290.7 millio

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com