Saudi Electricity Company

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Listed energy stocks are set for a mixed 1Q showing

Strong demand for electricity and stable margins are supporting much of this growth

Awarded projects value hits SAR 5.4 bn in March

The Eastern Province led in volume, Riyadh in Value

SEC kickstarts SAR 6.7 bn phase two of battery storage project

SEC will tap BYD and Al Fanar Projects Company to supply and build battery systems

Aramco to onboard LNG from US-based NextDecade

PLUS: Schlumberger gets competition watchdog’s OK to acquire ChampionX

Orascom Construction, Tecnicas JV ink USD 2.6 bn EPC contract for Qurayyah IPP Expansion

The project will see the development of a 3.01 GW CCGT

SEC inks USD 610.7 mn contract with Doosan for 1.8 GW power plant

The agreement will cover the development of the PP12 combined cycle power plant

Saudi awards 10 projects valued at SAR 8.57 bn in February

More than 50 new projects are expected to be awarded this month