Saudi Electricity says 2% of projects on hold; 15% delayed

10/03/2015 Argaam
Nearly 2 percent of Saudi Electricity Company’s (SEC) projects are on hold, while about 15 percent are delayed, Al-Sharq newspaper quoted chief executive, Ziad Al-Shiha, as saying.
 
Contractors that caused the problems have been blacklisted, and the utility will withdraw its projects after giving the agreed notices, he added.
 
In case subcontractors are hired by the main contractor, SEC will pay funds directly to subcontractors to complete the slow-pace project. These payments will be deducted from the contractor’s dues. 
 
State-owned SEC is currently the largest utility in the Gulf.

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