Saudi Arabia announces new electricity tariffs

Tuesday, 12 December 2017

Saudi Electricity and Cogeneration Regulatory Authority (ECRA) has announced that the Council of Ministers has approved gradual revision of energy prices in the Kingdom including changes to electricity tariffs that will take effect on January 1st, 2018. The lower consumption will be charged at 18 halala per kilowatt. It should be noted that there has been no change in tariffs for the industrial and government consumption. ECRA said: “This step will raise our economic efficiency, will ...

Saudi Electricity Company ranks 14th largest power company globally

Saturday, 18 November 2017

The Saudi Electricity Company has ranked 14th among the electricity companies in the world after it topped the list of electric power companies in the Arab countries by market value which reached at the end of September 2017 at about $26.5 bln.“This rank is a result of the company success during the past few years in developing its policies and strategic plans, and seeking to compete on the global performance indicators through the resettlement of modern technology, and training of ...

Saudi Arabia sees progress in electricity privatization

Wednesday, 11 October 2017

Saudi Arabia’s deputy electricity minister said on Wednesday he hoped for progress next year in privatizing the power sector including the unbundling of state-run Saudi Electricity (SEC). “There have been some developments that required us to wait,” Saleh Al-Awaji, who is also chairman of SEC, told an industry conference in Riyadh. Awaji said factors impacting privatization included the Citizens Account a government plant to compensate low- to ...

Modi promises electricity ‘for every Indian house’

Tuesday, 26 September 2017

Prime Minister Narendra Modi has vowed that every home in India will have electricity by December 2018 as he moves to shore up voter support amid doubts over his handling of the economy. The $2.5 billion scheme announced Monday would see the country’s 40 million households without electricity linked up to power for free. “Forty million of the total 250 million households still don’t have power, which means 25 percent of people are living in the 18th century. The government will ...

Saudi Arabia to pay solar power consumers as part of new regulatory framework

Monday, 21 August 2017

Saudi Arabia will pay solar energy consumers as part of new regulatory framework for electricity consumers issued on Monday. The framework encourages consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, the government said. The rules will come into force next July 1 and cover small photovoltaic facilities with generating capacity of no more than 2 megawatts, the Electricity and Cogeneration Regulatory Authority said. Consumers ...

West Bank gets Israeli power boost as Gaza endures energy crisis

Monday, 10 July 2017

State-owned Israel Electric Corp and the Palestinian Authority signed an agreement on Monday to boost Israeli electrical supply to the occupied West Bank, even as Gaza endures daily blackouts in a Palestinian political dispute.Under the deal, a new electrical substation was inaugurated near the West Bank city of Jenin. Palestinian Prime Minister Rami Hamdallah and Israeli Energy Ministry Yuval Steinitz cut the red ribbon in a rare show of Israeli-Palestinian cooperation, three years after peace ...

Egypt raises electricity prices by more than 40 percent

Thursday, 6 July 2017

Egypt on Thursday raised electricity prices by more than 40 percent, its latest move on the road to lifting all subsidies and complying with demands by the International Monetary Fund for a $12 billion bailout loan.The hike, though widely anticipated, is likely to further deepen the economic woes of most Egyptians as they struggle in the face of steep price rises heralded by the floatation of the local currency in November and the partial lifting of fuel subsidies.The rise, announced by the ...

Gaza power shortage to worsen as Israel reduces supply

Monday, 12 June 2017

Israel will reduce electricity supplies to the Gaza Strip after funding cuts by Palestinian president Mahmud Abbas, a minister said Monday, worsening an already severe shortage in the Hamas-run enclave. The security cabinet decided Sunday to reduce the daily amount supplied to Gaza by around 45 minutes, Israeli media reported. Gazans currently receive only three or four hours of electricity a day, delivered from the territory's own power station and others in Israel and Egypt. Residents who can ...

Libya goes dark as power shortage struggles continue

Sunday, 15 January 2017

The blackout extended from Libya’s western border with Tunisia to the city of Ajdabiya

Crisis-hit Venezuela to push clocks forward to save power

Sunday, 1 May 2016

The move is part of a package of measures the OPEC member is pursuing to cope with an electricity shortage

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