Saudi Electricity Co. seeks private investments for 5,400MW of projects

On Monday, Utility Saudi Electricity Co announced that its executive committee has invited private investors to create additional 5,400MW of projects.

The decision reflects Saudi Arabia's latest economic reform plans to save the government money by introducing public-private partnerships.

In June, Saudi Electricity Co said it was inviting expressions of interest from companies or consortiums around the world in building two solar power plants at Al-Jouf and Rafha in the north of the country.