Saudi Electricity Co. (SEC), the Gulf's largest utility firm, plans to export its large surplus of electricity during winter at global energy prices.
The utility provider will likely capitalize on expected Chinese mega investments in Saudi Arabia’s power sector, state-owned Saudi Press Agency (SPA) reported on Sunday, citing Saleh Al-Awaji, SEC chairman and undersecretary of the ministry of energy, industry and mineral resources.
The joint investments between the kingdom and China are aimed to export power to regional and global markets, establish the Arab power grid and enhance expansions along with power linkage with Turkey, Al-Awaji added at the Arab-China Energy Cooperation Conference.
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