Saudi Electricity Company
| Company type | Public |
|---|---|
| Tadawul: 5110 | |
| ISIN | SA0007879550 Edit this on Wikidata |
| Industry | Electric utility |
| Founded | 3 May 2000; 24 years ago (2000年05月03日) |
| Headquarters | Al Aridh, Riyadh , The kingdom of Saudi Arabia |
Key people |
|
| Revenue | Increase $SAR 75.33 billion (2024)[2] |
| Increase $SAR 18 billion (2023)[3] | |
| Increase $SAR 10.25 billion (2023)[3] | |
| Total assets | Increase $SAR 500.8 billion (2023)[3] |
| Total equity | Increase $SAR 256.3 billion (2023)[3] |
| Subsidiaries |
|
| Website | www |
Saudi Electricity Company (Arabic: الشركة السعودية للكهرباء; SEC) is the Saudi electric energy company. It enjoys a near monopoly on the generation, transmission and distribution of electric power in Saudi Arabia through 45 power generation plants in the country.[4] In 2019, SEC was ranked by Forbes as the 5th largest company in the Kingdom, and the 578th worldwide, with total annual sales of 17ドル.1 billion .[5]
History
[edit ]The company was formed in 2000 by Order of the Council of Ministers through a merger of existing regional electricity companies in the Central, Eastern, Western and Southern regions into a single joint stock company.[6] [7]
In 2009, the Electricity and Co-generation Regulatory Authority (ECRA) announced its intention to split the company into four generation companies and separate transmission and distribution companies to encourage competition in the domestic utilities sector.[8] A transmission company – National Grid SA – was established in 2012 to operate the National Grid SA.[9] [10]
In 2014, ECRA was said to have hired advisors on the break-up of the company.[11] ECRA also confirmed the new generation companies will be open to foreign investment.[9]
The company is 81.24 percent owned by the government, both directly (74.31%) and through Saudi Aramco (6.93%).[4]
In 2015, SEC, Taqnia Energy and King Abdulaziz City for Science and Technology (KACST) agreed to collaborate to build and operate the first standalone solar power station in the country.[12]
For the first six months of 2022, net profit fell 6.6% to SAR7 million, while total comprehensive income slipped 0.14% to SAR7.7 million.[13]
See also
[edit ]References
[edit ]- ^ "Saudi Electricity Company Unveils Two Executive Appointments". Market Screener. Paris: Superperformance SAS. January 24, 2024. Retrieved March 15, 2024.
- ^ "Saudi Electricity Company Reports 18% Revenue Growth, Reaching 88.7 Billion SAR in 2024, with Record-High Capital Investments of 60 Billion SAR". se.com.
- ^ a b c d Annual Report 2023, Saudi Electricity Company
- ^ a b "Saudi Electricity to be divided into four separate companies". Solar GCC Alliance. 2014年03月25日. Retrieved 2015年08月30日.
- ^ "Saudi Electricity". Forbes. Retrieved 2020年01月28日.
- ^ "Saudi Electricity Company Successfully Rolls out SAP Plant Maintenance Solution" (PDF). Tata Consultancy Services. 2013. Retrieved 2015年08月30日.
- ^ Al-Jeshi, Salman (2012年08月01日). "Merger of electric companies — is it time to evaluate?". Arab News . Retrieved 2015年08月30日.
- ^ "Saudi plans to split up state electric company". Reuters. 2009年03月30日. Retrieved 2015年08月30日.
- ^ a b Hoey, Joshua (2014年11月25日). "Electricity regulator chief calls for hike in power tariff". Saudi Gazette . Retrieved 2015年08月30日.
- ^ "Saudi Electricity Company goes digital with its Engineering Drawings and establishes kingdom-wide EDMS". Bentley Systems. 2012年11月01日. Retrieved 2017年09月17日.
- ^ Nair, Dinesh; Martin, Matthew (2014年05月07日). "Saudi Arabia Said to Hire HSBC for Breakup of SEC Power Monopoly". Bloomberg Business . Retrieved 2015年08月30日.
- ^ "Saudi Electricity Company's net profit falls on higher costs". Zawya . 2022年09月15日. Retrieved 2022年09月15日.
- ^ Staff Writer; ZAWYA. "Saudi Electricity Company's net profit falls on higher costs". www.zawya.com. Retrieved 2022年09月15日.
External links
[edit ]
- Official website —(in English)
- Official website —(in Arabic)
- Paper that an employee at SEC authored in 2017 on the effects of jointly reforming industrial fuel and residential electricity prices in Saudi Arabia.[1]
- ^ Matar, Walid; Anwer, Murad (2017). "Jointly reforming the prices of industrial fuels and residential electricity in Saudi Arabia". Energy Policy. 109: 747–756. doi:10.1016/j.enpol.2017年07月06日0 .
- Electric power companies of Saudi Arabia
- Government-owned companies of Saudi Arabia
- Energy companies established in 2000
- Non-renewable resource companies established in 2000
- Companies listed on Tadawul
- Government-owned energy companies
- Companies based in Riyadh
- Saudi Arabian companies established in 2000
- Electric power monopolies